Oatly Group (NASDAQ:OTLY) Trading Up 5.6%

Shares of Oatly Group AB (NASDAQ:OTLY) were up 5.6% on Friday . The stock traded as high as $0.92 and last traded at $0.92. Approximately 129,289 shares changed hands 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.

Analyst Ratings Changes

Several research analysts recently weighed in on OTLY shares. Morgan Stanley restated an “equal weight” rating and issued a $1.25 price objective on shares of Oatly Group in a research report on Tuesday, February 20th. DA Davidson initiated coverage on 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 target price on Oatly Group from $0.63 to $1.05 and gave the stock a “sector perform” rating in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $2.11.

Oatly Group Stock Performance

The stock has a market cap of $592.08 million, a PE ratio of -1.17 and a beta of 2.29. 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 business has a 50 day moving average price of $1.05 and a two-hundred day moving average price of $0.99.

Oatly Group (NASDAQ:OTLY) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). The company had revenue of $204.12 million for the quarter, compared to analysts’ expectations of $191.80 million. Oatly Group had a negative net margin of 53.22% and a negative return on equity of 37.94%. As a group, equities research analysts forecast that Oatly Group AB will post -0.28 EPS for the current fiscal 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 boosted its stake in shares of Oatly Group by 21.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 16,963,225 shares of the company’s stock valued at $15,201,000 after purchasing an additional 2,986,805 shares during the period. Pathstone Family Office LLC raised its holdings in shares of Oatly Group by 107.2% during the third quarter. Pathstone Family Office LLC now owns 88,489 shares of the company’s stock valued at $79,000 after acquiring an additional 45,775 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new position in shares of Oatly Group during the third quarter valued at approximately $43,000. IPG Investment Advisors LLC raised its holdings in shares of Oatly Group by 32.1% during the third quarter. IPG Investment Advisors LLC now owns 453,000 shares of the company’s stock valued at $406,000 after acquiring an additional 110,000 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Oatly Group during the third quarter valued at approximately $68,000. Hedge funds and other institutional investors own 68.15% of the company’s stock.

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.