Oatly Group (NASDAQ:OTLY) Price Target Raised to $17.00 at DA Davidson

Oatly Group (NASDAQ:OTLY) had its price target lifted by research analysts at DA Davidson from $15.00 to $17.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 56.61% from the company’s previous close.

OTLY has been the subject of a number of other reports. Piper Sandler lowered their price target on shares of Oatly Group from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday. Mizuho set a $24.00 target price on Oatly Group in a research note on Monday, April 28th. Finally, Barclays boosted their price target on Oatly Group from $1.00 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.80.

Oatly Group Trading Up 1.1 %

Shares of OTLY stock traded up $0.12 during mid-day trading on Monday, reaching $10.86. The company’s stock had a trading volume of 46,159 shares, compared to its average volume of 140,375. The company’s 50 day simple moving average is $9.32 and its 200-day simple moving average is $11.88. The firm has a market capitalization of $324.87 million, a PE ratio of -1.60 and a beta of 1.88. Oatly Group has a 12-month low of $6.00 and a 12-month high of $26.80. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39.

Oatly Group (NASDAQ:OTLY) last announced its earnings results on Wednesday, April 30th. The company reported ($0.51) EPS for the quarter, beating the consensus estimate of ($0.96) by $0.45. The business had revenue of $197.53 million for the quarter, compared to the consensus estimate of $199.97 million. Oatly Group had a negative return on equity of 70.33% and a negative net margin of 24.52%. On average, research analysts predict that Oatly Group will post -3.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Oatly Group

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC bought a new stake in Oatly Group in the first quarter worth about $1,730,000. Van ECK Associates Corp boosted its stake in Oatly Group by 60.6% in the 4th quarter. Van ECK Associates Corp now owns 56,689 shares of the company’s stock worth $38,000 after purchasing an additional 21,387 shares during the period. Two Sigma Advisers LP acquired a new position in Oatly Group during the fourth quarter valued at $41,000. Rhumbline Advisers boosted its holdings in shares of Oatly Group by 76.1% during the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company’s stock worth $42,000 after purchasing an additional 27,428 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Oatly Group by 463.2% during the 4th quarter. Geode Capital Management LLC now owns 94,353 shares of the company’s stock valued at $63,000 after buying an additional 77,600 shares during the period. Institutional investors and hedge funds 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.