JPMorgan Chase & Co. Initiates Coverage on Oatly Group (NASDAQ:OTLY)

Research analysts at JPMorgan Chase & Co. started coverage on shares of Oatly Group (NASDAQ:OTLY) in a research note issued on Wednesday, Marketbeat.com reports. The firm set a “neutral” rating on the stock.

Several other research analysts have also recently commented on OTLY. Piper Sandler decreased their target price on shares of 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 increased their price objective on Oatly Group from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Wall Street Zen upgraded Oatly Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Mizuho set a $24.00 price target on Oatly Group in a research report on Monday, April 28th. Finally, Barclays raised their price target on Oatly Group from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Oatly Group Stock Performance

Shares of OTLY opened at $17.28 on Wednesday. The firm has a fifty day moving average of $14.40 and a 200-day moving average of $11.40. The company has a market cap of $517.19 million, a price-to-earnings ratio of -2.63 and a beta of 1.95. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.37 and a current ratio of 0.49. Oatly Group has a 1 year low of $6.00 and a 1 year high of $20.80.

Institutional Trading of Oatly Group

A number of hedge funds and other institutional investors have recently modified their holdings of OTLY. Raiffeisen Bank International AG bought a new position in Oatly Group during the fourth quarter valued at about $1,522,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Oatly Group by 63.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 193,608 shares of the company’s stock worth $128,000 after acquiring an additional 75,132 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in Oatly Group in the 4th quarter valued at about $41,000. GAMMA Investing LLC bought a new position in shares of Oatly Group during the 1st quarter valued at about $1,730,000. Finally, Two Sigma Investments LP boosted its position in shares of Oatly Group by 279.6% during the 4th quarter. Two Sigma Investments LP now owns 144,348 shares of the company’s stock valued at $96,000 after purchasing an additional 106,319 shares in the last quarter. Institutional investors own 68.15% of the company’s stock.

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.