Oatly Group (NASDAQ:OTLY) Price Target Raised to $10.00

Oatly Group (NASDAQ:OTLY) had its price objective raised by Barclays from $1.00 to $10.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 45.24% from the company’s current price.

Oatly Group Price Performance

OTLY traded down $0.40 during midday trading on Tuesday, reaching $6.89. 226,541 shares of the company’s stock were exchanged, compared to its average volume of 239,915. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.56 and a quick ratio of 0.44. Oatly Group has a 1-year low of $6.00 and a 1-year high of $26.80. The stock has a market capitalization of $204.85 million, a PE ratio of -1.01 and a beta of 1.96. The business’s 50-day moving average price is $12.14 and its 200 day moving average price is $14.89.

Institutional Trading of Oatly Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OTLY. Two Sigma Advisers LP purchased a new position in Oatly Group in the 4th quarter valued at about $41,000. Two Sigma Investments LP lifted its stake in shares of Oatly Group by 279.6% during the fourth quarter. Two Sigma Investments LP now owns 144,348 shares of the company’s stock valued at $96,000 after buying an additional 106,319 shares during the period. Raiffeisen Bank International AG acquired a new stake in Oatly Group during the fourth quarter worth approximately $1,522,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Oatly Group by 63.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 193,608 shares of the company’s stock worth $128,000 after acquiring an additional 75,132 shares during the period. Finally, Jane Street Group LLC raised its holdings in Oatly Group by 52.5% in the 4th quarter. Jane Street Group LLC now owns 218,465 shares of the company’s stock valued at $137,000 after acquiring an additional 75,209 shares during the last quarter. 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.