Oatly Group (NASDAQ:OTLY) Stock Price Down 1.7% – Here’s What Happened

Oatly Group AB Sponsored ADR (NASDAQ:OTLY)’s share price dropped 1.7% during mid-day trading on Wednesday . The stock traded as low as $9.35 and last traded at $9.49. Approximately 22,273 shares changed hands during trading, a decline of 74% from the average daily volume of 86,423 shares. The stock had previously closed at $9.65.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on OTLY shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Oatly Group in a research note on Wednesday, June 24th. Barclays set a $14.00 target price on Oatly Group and gave the stock an “overweight” rating in a research note on Tuesday, April 14th. Finally, Morgan Stanley set a $12.55 target price on Oatly Group in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.64.

Oatly Group Price Performance

The stock has a market cap of $307.62 million, a price-to-earnings ratio of -1.97 and a beta of 1.85. The company has a current ratio of 0.45, a quick ratio of 0.32 and a debt-to-equity ratio of 43.43. The company’s fifty day moving average is $9.46 and its two-hundred day moving average is $10.65.

Oatly Group (NASDAQ:OTLY) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.90) by $0.52. Oatly Group had a negative return on equity of 432.75% and a negative net margin of 17.06%.The business had revenue of $228.33 million during the quarter, compared to analyst estimates of $214.61 million. As a group, research analysts predict that Oatly Group AB Sponsored ADR will post -2.77 earnings per share for the current year.

Insider Activity

In other Oatly Group news, insider Martin Fredrik Lind sold 2,968 shares of Oatly Group stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $8.96, for a total value of $26,593.28. Following the completion of the transaction, the insider directly owned 18,088 shares of the company’s stock, valued at $162,068.48. The trade was a 14.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Simon Kenneth James Broadbent sold 7,820 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $8.95, for a total transaction of $69,989.00. Following the sale, the senior vice president directly owned 62,845 shares in the company, valued at $562,462.75. This represents a 11.07% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 12,722 shares of company stock valued at $113,872. 1.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oatly Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Performa Ltd US LLC grew its stake in shares of Oatly Group by 16.8% in the fourth quarter. Performa Ltd US LLC now owns 10,100 shares of the company’s stock worth $108,000 after acquiring an additional 1,450 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Oatly Group in the first quarter valued at $133,000. Geode Capital Management LLC acquired a new position in Oatly Group during the 2nd quarter worth $151,000. R Squared Ltd purchased a new stake in Oatly Group during the 4th quarter worth about $155,000. Finally, Van ECK Associates Corp increased its holdings in Oatly Group by 19.0% during the 3rd quarter. Van ECK Associates Corp now owns 11,001 shares of the company’s stock worth $178,000 after purchasing an additional 1,756 shares during the period. Hedge funds and other institutional investors own 68.15% of the company’s stock.

Oatly Group Company Profile

Oatly Group is a Sweden-based food and beverage company specializing in the development, production and sale of oat-derived dairy alternatives. The company’s product lineup includes oat-based drinks, ice cream, yogurts, spreads and cooking creams, all marketed under the Oatly brand name. By leveraging proprietary processing technology, Oatly extracts the nutritional benefits of oats—such as soluble fiber and plant protein—while delivering taste and texture profiles that closely mimic traditional dairy products.

Founded in 1994 as a spin-off from research at Lund University, Oatly initially focused on exploiting the health and functional benefits of oat beta-glucans.