Oatly Group AB (NASDAQ:OTLY) Receives $16.80 Consensus PT from Brokerages

Shares of Oatly Group AB (NASDAQ:OTLY) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $16.80.

OTLY has been the topic of several recent research reports. Piper Sandler cut their price target on Oatly Group from $16.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Barclays reissued an “overweight” rating on shares of Oatly Group in a research note on Thursday, May 1st. DA Davidson lifted their target price on Oatly Group from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Monday. Finally, Mizuho set a $24.00 price target on Oatly Group in a research report on Monday, April 28th.

Institutional Investors Weigh In On Oatly Group

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC purchased a new stake in Oatly Group during the first quarter worth about $1,730,000. Van ECK Associates Corp lifted its holdings in shares of Oatly Group by 60.6% in the fourth quarter. Van ECK Associates Corp now owns 56,689 shares of the company’s stock worth $38,000 after buying an additional 21,387 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Oatly Group in the fourth quarter worth $41,000. Rhumbline Advisers boosted its position in shares of Oatly Group by 76.1% during the 4th quarter. Rhumbline Advisers now owns 63,477 shares of the company’s stock valued at $42,000 after acquiring an additional 27,428 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Oatly Group by 463.2% in the 4th quarter. Geode Capital Management LLC now owns 94,353 shares of the company’s stock worth $63,000 after buying an additional 77,600 shares in the last quarter. 68.15% of the stock is currently owned by institutional investors.

Oatly Group Price Performance

Shares of NASDAQ OTLY opened at $10.76 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $322.14 million, a PE ratio of -1.58 and a beta of 1.88. The firm has a fifty day simple moving average of $9.40 and a 200 day simple moving average of $11.83. Oatly Group has a twelve month low of $6.00 and a twelve month high of $26.80.

Oatly Group (NASDAQ:OTLY) last released its earnings results on Wednesday, April 30th. The company reported ($0.51) EPS for the quarter, topping the consensus estimate of ($0.96) by $0.45. The business had revenue of $197.53 million during the quarter, compared to analysts’ expectations of $199.97 million. Oatly Group had a negative return on equity of 70.33% and a negative net margin of 24.52%. On average, sell-side analysts forecast that Oatly Group will post -3.2 EPS for the current year.

Oatly Group Company Profile

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.