Oatly Group Target of Unusually High Options Trading (NASDAQ:OTLY)

Oatly Group AB (NASDAQ:OTLY) was the recipient of some unusual options trading activity on Friday. Stock investors acquired 5,337 put options on the company. This is an increase of 335% compared to the typical daily volume of 1,227 put options.

Oatly Group Stock Up 0.3 %

OTLY stock opened at $9.90 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. The firm has a 50-day moving average of $10.26 and a two-hundred day moving average of $13.46. Oatly Group has a 12 month low of $6.00 and a 12 month high of $26.80. The company has a market cap of $294.55 million, a price-to-earnings ratio of -1.46 and a beta of 1.97.

Institutional Investors Weigh In On Oatly Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp grew its holdings in Oatly Group by 60.6% in the 4th quarter. Van ECK Associates Corp now owns 56,689 shares of the company’s stock valued at $38,000 after buying an additional 21,387 shares in the last quarter. Two Sigma Advisers LP acquired a new position in shares of Oatly Group during the 4th quarter valued at about $41,000. Rhumbline Advisers grew its holdings in shares of Oatly Group by 76.1% in the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company’s stock valued at $42,000 after purchasing an additional 27,428 shares during the period. Sanctuary Advisors LLC increased its position in Oatly Group by 33.9% during the third quarter. Sanctuary Advisors LLC now owns 55,778 shares of the company’s stock worth $48,000 after purchasing an additional 14,116 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Oatly Group by 463.2% during the fourth quarter. Geode Capital Management LLC now owns 94,353 shares of the company’s stock worth $63,000 after purchasing an additional 77,600 shares during the period. Institutional investors and hedge funds own 68.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OTLY. Barclays boosted their price objective on Oatly Group from $1.00 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Mizuho dropped their price target on Oatly Group from $40.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, March 24th. Finally, Piper Sandler reduced their price objective on Oatly Group from $40.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.75.

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.