Oatly Group AB (NASDAQ:OTLY) Receives $1.96 Consensus Target Price from Brokerages

Oatly Group AB (NASDAQ:OTLY) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $1.96.

A number of analysts have recently issued reports on OTLY shares. BNP Paribas raised shares of Oatly Group from a “neutral” rating to an “outperform” rating in a report on Thursday, July 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $1.05 target price on shares of Oatly Group in a research report on Thursday, July 25th.

Oatly Group Price Performance

Shares of NASDAQ OTLY opened at $0.91 on Friday. The company has a 50 day moving average of $0.94 and a 200 day moving average of $1.01. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.62. Oatly Group has a twelve month low of $0.44 and a twelve month high of $1.40. The firm has a market cap of $541.50 million, a P/E ratio of -1.14 and a beta of 2.10.

Oatly Group (NASDAQ:OTLY) last posted its quarterly earnings results 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 return on equity of 35.74% and a negative net margin of 41.71%. The firm had revenue of $202.20 million during the quarter, compared to analysts’ expectations of $200.66 million. As a group, research analysts expect that Oatly Group will post -0.26 EPS for the current fiscal year.

Institutional Trading of Oatly Group

Several large investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA boosted its stake in shares of Oatly Group by 2.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,342,744 shares of the company’s stock worth $6,902,000 after acquiring an additional 188,512 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Oatly Group by 14.5% during the second 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 purchasing an additional 834,947 shares in the last quarter. BNP Paribas Asset Management Holding S.A. grew its holdings in Oatly Group by 72.0% during the fourth quarter. BNP Paribas Asset Management Holding S.A. now owns 6,024,369 shares of the company’s stock valued at $7,109,000 after purchasing an additional 2,521,847 shares during the period. CastleKnight Management LP increased its position in Oatly Group by 430.8% in the fourth quarter. CastleKnight Management LP now owns 1,527,700 shares of the company’s stock worth $1,803,000 after buying an additional 1,239,874 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Oatly Group by 61.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,132,770 shares of the company’s stock valued at $1,065,000 after buying an additional 429,270 shares in the last quarter. 68.15% of the stock is currently owned by institutional investors.

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.