Oatly Group (NASDAQ:OTLY) Raised to Hold at Wall Street Zen

Oatly Group (NASDAQ:OTLY) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

OTLY has been the subject of several other reports. Piper Sandler decreased their target price on Oatly Group from $16.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. DA Davidson boosted their price target on Oatly Group from $15.00 to $17.00 and gave the company a “buy” rating in a report on Monday, May 5th. Mizuho set a $24.00 price target on Oatly Group in a research note on Monday, April 28th. Finally, Barclays reiterated an “overweight” rating on shares of Oatly Group in a report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Oatly Group currently has an average rating of “Moderate Buy” and an average price target of $16.80.

Oatly Group Trading Down 1.4%

OTLY stock opened at $13.09 on Friday. Oatly Group has a 1-year low of $6.00 and a 1-year high of $23.40. The business has a 50 day simple moving average of $11.52 and a two-hundred day simple moving average of $10.91. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.53 and a quick ratio of 0.40. The company has a market capitalization of $391.78 million, a price-to-earnings ratio of -2.29 and a beta of 1.92.

Oatly Group (NASDAQ:OTLY) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.51) EPS for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.45. Oatly Group had a negative return on equity of 66.51% and a negative net margin of 20.51%. The company had revenue of $197.53 million during the quarter, compared to analyst estimates of $199.97 million. Research analysts anticipate that Oatly Group will post -3.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Oatly Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OTLY. Cubist Systematic Strategies LLC purchased a new stake in shares of Oatly Group during the 1st quarter worth about $133,000. GAMMA Investing LLC purchased a new stake in shares of Oatly Group in the first quarter valued at approximately $1,730,000. Two Sigma Advisers LP purchased a new stake in shares of Oatly Group in the fourth quarter valued at approximately $41,000. Two Sigma Investments LP increased its position in shares of Oatly Group by 279.6% in the fourth quarter. Two Sigma Investments LP now owns 144,348 shares of the company’s stock valued at $96,000 after buying an additional 106,319 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in shares of Oatly Group in the fourth quarter valued at approximately $1,522,000. 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.