Oatly Group (NASDAQ:OTLY) Trading Up 5.6%

Oatly Group AB (NASDAQ:OTLY)’s stock price traded up 5.6% during trading on Friday . The company traded as high as $0.92 and last traded at $0.92. 129,289 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 1,825,569 shares. The stock had previously closed at $0.87.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Morgan Stanley restated an “equal weight” rating and issued a $1.25 target price on shares of Oatly Group in a research report on Tuesday, February 20th. Royal Bank of Canada lifted their target price on Oatly Group from $0.63 to $1.05 and gave the company a “sector perform” rating in a research report on Friday, February 16th. Finally, DA Davidson initiated coverage on Oatly Group in a research report on Friday, March 1st. They issued a “buy” rating and a $1.50 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $2.11.

Oatly Group Price Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 0.83 and a quick ratio of 0.71. The stock has a 50 day moving average price of $1.05 and a two-hundred day moving average price of $0.99. The firm has a market capitalization of $592.08 million, a price-to-earnings ratio of -1.17 and a beta of 2.29.

Oatly Group (NASDAQ:OTLY) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). Oatly Group had a negative net margin of 53.22% and a negative return on equity of 37.94%. The firm had revenue of $204.12 million during the quarter, compared to analyst estimates of $191.80 million. As a group, analysts expect that Oatly Group AB will post -0.28 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its stake in Oatly Group by 21.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,963,225 shares of the company’s stock worth $15,201,000 after purchasing an additional 2,986,805 shares in the last quarter. Pathstone Family Office LLC grew its stake in Oatly Group by 107.2% during the 3rd quarter. Pathstone Family Office LLC now owns 88,489 shares of the company’s stock worth $79,000 after purchasing an additional 45,775 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Oatly Group by 56.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,502,522 shares of the company’s stock worth $3,139,000 after acquiring an additional 1,257,812 shares in the last quarter. IPG Investment Advisors LLC boosted its position in shares of Oatly Group by 32.1% during the 3rd quarter. IPG Investment Advisors LLC now owns 453,000 shares of the company’s stock worth $406,000 after acquiring an additional 110,000 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC acquired a new position in shares of Oatly Group during the 3rd quarter worth about $43,000. 68.15% of the stock is owned by institutional investors and hedge funds.

About Oatly Group

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.