Oatly Group (NASDAQ:OTLY) Trading 7.8% Higher

Oatly Group AB (NASDAQ:OTLY)’s stock price shot up 7.8% during mid-day trading on Tuesday . The company traded as high as $1.11 and last traded at $1.11. 1,175,060 shares were traded during mid-day trading, a decline of 39% from the average session volume of 1,938,613 shares. The stock had previously closed at $1.03.

Wall Street Analyst Weigh In

Several research analysts recently commented on OTLY shares. Morgan Stanley reissued an “equal weight” rating and set a $1.25 price target on shares of Oatly Group in a research report on Tuesday, February 20th. DA Davidson began coverage on shares of Oatly Group in a research note on Friday, March 1st. They issued a “buy” rating and a $1.50 target price for the company. Finally, Royal Bank of Canada upped their price target on shares of Oatly Group from $0.63 to $1.05 and gave the stock a “sector perform” rating in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.11.

Oatly Group Price Performance

The company’s 50-day moving average price is $1.11 and its two-hundred day moving average price is $0.97. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.83 and a quick ratio of 0.71. The company has a market capitalization of $670.32 million, a P/E ratio of -1.28 and a beta of 2.28.

Oatly Group (NASDAQ:OTLY) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.08). Oatly Group had a negative return on equity of 37.94% and a negative net margin of 53.22%. The company had revenue of $204.12 million for the quarter, compared to analyst estimates of $191.80 million. As a group, sell-side analysts expect that Oatly Group AB will post -0.28 EPS for the current year.

Institutional Investors Weigh In On Oatly Group

Large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in shares of Oatly Group by 14.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 56,467 shares of the company’s stock valued at $283,000 after purchasing an additional 7,103 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Oatly Group by 7.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 117,589 shares of the company’s stock valued at $589,000 after acquiring an additional 7,823 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Oatly Group during the first quarter worth about $55,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Oatly Group in the 1st quarter valued at approximately $55,000. Finally, BlackRock Inc. grew its holdings in shares of Oatly Group by 31.1% during the 1st quarter. BlackRock Inc. now owns 63,066 shares of the company’s stock valued at $316,000 after purchasing an additional 14,969 shares during the last quarter. 68.15% of the stock is currently owned by institutional investors and hedge funds.

Oatly Group Company Profile

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden. 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.