Oatly Group AB (NASDAQ:OTLY) Receives $1.96 Average Target Price from Analysts

Shares of Oatly Group AB (NASDAQ:OTLY) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $1.96.

Several equities analysts have issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $1.05 price objective on shares of Oatly Group in a research report on Thursday, July 25th. BNP Paribas raised Oatly Group from a “neutral” rating to an “outperform” rating in a report on Thursday, July 25th.

Institutional Investors Weigh In On Oatly Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in shares of Oatly Group during the first quarter worth approximately $998,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Oatly Group by 144.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,038 shares of the company’s stock worth $227,000 after acquiring an additional 118,886 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Oatly Group by 14.5% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,603,043 shares of the company’s stock valued at $6,207,000 after acquiring an additional 834,947 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Oatly Group in the 2nd quarter valued at $75,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Oatly Group by 2.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,342,744 shares of the company’s stock worth $6,902,000 after purchasing an additional 188,512 shares during the last quarter. 68.15% of the stock is owned by institutional investors and hedge funds.

Oatly Group Stock Down 5.1 %

OTLY opened at $0.77 on Tuesday. The firm has a market cap of $458.79 million, a price-to-earnings ratio of -0.96 and a beta of 2.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.53 and a current ratio of 0.68. The firm’s 50-day simple moving average is $0.90 and its 200-day simple moving average is $0.99. Oatly Group has a twelve month low of $0.44 and a twelve month high of $1.40.

Oatly Group (NASDAQ:OTLY) last issued its quarterly earnings data on Wednesday, July 24th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. Oatly Group had a negative net margin of 41.71% and a negative return on equity of 35.74%. The firm had revenue of $202.20 million for the quarter, compared to analysts’ expectations of $200.66 million. Equities research analysts anticipate that Oatly Group will post -0.26 EPS for the current fiscal 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.