Oatly Group (NASDAQ:OTLY) Upgraded at Zacks Research

Zacks Research upgraded shares of Oatly Group (NASDAQ:OTLY) from a strong sell rating to a hold rating in a research report released on Wednesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. DA Davidson set a $14.00 target price on Oatly Group and gave the stock a “buy” rating in a research note on Friday, November 21st. Mizuho set a $18.00 price objective on Oatly Group and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. began coverage on Oatly Group in a report on Wednesday, August 20th. They issued a “neutral” rating for the company. Barclays restated an “overweight” rating and issued a $18.00 price target (up previously from $16.00) on shares of Oatly Group in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Oatly Group in a research note on Monday. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.50.

Oatly Group Stock Up 0.5%

Shares of Oatly Group stock opened at $11.12 on Wednesday. Oatly Group has a one year low of $6.00 and a one year high of $18.84. The company has a market cap of $337.27 million, a P/E ratio of -1.48 and a beta of 1.96. The company has a debt-to-equity ratio of 7.21, a quick ratio of 0.32 and a current ratio of 0.42. The firm has a fifty day moving average of $13.29 and a two-hundred day moving average of $14.49.

Oatly Group (NASDAQ:OTLY) last issued its earnings results on Wednesday, October 29th. The company reported ($2.15) earnings per share for the quarter, missing the consensus estimate of ($0.63) by ($1.52). The firm had revenue of $222.80 million during the quarter, compared to analysts’ expectations of $211.45 million. Oatly Group had a negative net margin of 26.67% and a negative return on equity of 201.36%. On average, analysts forecast that Oatly Group will post -3.2 earnings per share for the current year.

Institutional Investors Weigh In On Oatly Group

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Oatly Group by 85.1% during the second quarter. GAMMA Investing LLC now owns 3,203 shares of the company’s stock valued at $38,000 after buying an additional 1,473 shares during the period. Quadrature Capital Ltd acquired a new position in Oatly Group in the 2nd quarter valued at $120,000. Cubist Systematic Strategies LLC acquired a new position in Oatly Group in the 1st quarter valued at $133,000. Geode Capital Management LLC purchased a new position in shares of Oatly Group during the 2nd quarter worth $151,000. Finally, Van ECK Associates Corp boosted its holdings in shares of Oatly Group by 19.0% during the third quarter. Van ECK Associates Corp now owns 11,001 shares of the company’s stock worth $178,000 after purchasing an additional 1,756 shares during the last quarter. 68.15% of the stock is owned by institutional investors and hedge funds.

About Oatly Group

Oatly Group is a Sweden-based food and beverage company specializing in the development, production and sale of oat-derived dairy alternatives. The company’s product lineup includes oat-based drinks, ice cream, yogurts, spreads and cooking creams, all marketed under the Oatly brand name. By leveraging proprietary processing technology, Oatly extracts the nutritional benefits of oats—such as soluble fiber and plant protein—while delivering taste and texture profiles that closely mimic traditional dairy products.

Founded in 1994 as a spin-off from research at Lund University, Oatly initially focused on exploiting the health and functional benefits of oat beta-glucans.