Oatly Group (NASDAQ:OTLY) Stock Price Up 5.6%

Shares of Oatly Group AB (NASDAQ:OTLY) rose 5.6% during trading on Friday . The stock traded as high as $0.92 and last traded at $0.92. Approximately 129,289 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 1,825,569 shares. The stock had previously closed at $0.87.

Wall Street Analyst Weigh In

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

Oatly Group Trading Up 14.4 %

The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 0.56. The stock has a market cap of $592.08 million, a P/E ratio of -1.13 and a beta of 2.29. The firm’s 50-day simple moving average is $1.05 and its 200 day simple moving average is $0.99.

Oatly Group (NASDAQ:OTLY) last posted its earnings results on Thursday, February 15th. The company reported ($0.16) 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 firm had revenue of $204.12 million during the quarter, compared to the consensus estimate of $191.80 million. As a group, equities research analysts anticipate that Oatly Group AB will post -0.28 earnings per share for the current year.

Institutional Trading of Oatly Group

A number of institutional investors have recently made changes to their positions in OTLY. Massachusetts Financial Services Co. MA lifted its stake in shares of Oatly Group by 21.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,963,225 shares of the company’s stock worth $15,201,000 after acquiring an additional 2,986,805 shares during the period. BNP Paribas Asset Management Holding S.A. increased its stake in Oatly Group by 72.0% in the 4th 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 buying an additional 2,521,847 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Oatly Group by 56.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,502,522 shares of the company’s stock valued at $3,139,000 after buying an additional 1,257,812 shares during the period. CastleKnight Management LP increased its stake in Oatly Group by 430.8% in the 4th quarter. CastleKnight Management LP now owns 1,527,700 shares of the company’s stock valued at $1,803,000 after buying an additional 1,239,874 shares during the period. Finally, Green Alpha Advisors LLC increased its stake in shares of Oatly Group by 199.1% during the 4th quarter. Green Alpha Advisors LLC now owns 636,937 shares of the company’s stock worth $752,000 after purchasing an additional 423,971 shares during the last quarter. 68.15% of the stock is 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 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.