Oatly Group AB (NASDAQ:OTLY) Receives $2.11 Consensus PT from Analysts

Shares of Oatly Group AB (NASDAQ:OTLY) have been given a consensus rating of “Hold” by the nine brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $2.11.

A number of analysts recently issued reports on the company. Royal Bank of Canada upped 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. DA Davidson began coverage on shares of Oatly Group in a report on Friday, March 1st. They issued a “buy” rating and a $1.50 target price on the stock. Finally, Morgan Stanley reissued an “equal weight” rating and set a $1.25 price objective on shares of Oatly Group in a research report on Tuesday, February 20th.

Institutional Investors Weigh In On Oatly Group

A number of hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its stake in shares of 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 buying an additional 2,986,805 shares in the last quarter. BNP Paribas Asset Management Holding S.A. lifted its holdings in Oatly Group by 72.0% in the fourth quarter. BNP Paribas Asset Management Holding S.A. now owns 6,024,369 shares of the company’s stock valued at $7,109,000 after acquiring an additional 2,521,847 shares during the period. 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 purchasing an additional 1,257,812 shares in the last quarter. CastleKnight Management LP grew its stake in shares of Oatly Group by 430.8% during the 4th quarter. CastleKnight Management LP now owns 1,527,700 shares of the company’s stock worth $1,803,000 after purchasing an additional 1,239,874 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Oatly Group in the 1st quarter valued at about $998,000. Institutional investors and hedge funds own 68.15% of the company’s stock.

Oatly Group Stock Up 1.7 %

Shares of NASDAQ OTLY opened at $1.23 on Wednesday. The business has a 50-day moving average of $1.04 and a two-hundred day moving average of $1.00. The company has a market capitalization of $731.92 million, a price-to-earnings ratio of -1.54 and a beta of 2.19. Oatly Group has a 1 year low of $0.44 and a 1 year high of $2.39. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.75 and a quick ratio of 0.71.

Oatly Group (NASDAQ:OTLY) last announced its quarterly earnings results on Tuesday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Oatly Group had a negative return on equity of 41.06% and a negative net margin of 49.19%. The firm had revenue of $199.16 million during the quarter, compared to the consensus estimate of $198.43 million. During the same period in the prior year, the company posted ($0.13) earnings per share. On average, analysts forecast that Oatly Group will post -0.28 earnings per share for the current fiscal year.

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.