Oatly Group (NASDAQ:OTLY) Stock Rating Upgraded by Zacks Research

Oatly Group (NASDAQ:OTLY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

OTLY has been the topic of a number of other reports. DA Davidson set a $14.00 target price on Oatly Group and gave the stock a “buy” rating in a report on Friday, November 21st. Barclays reaffirmed an “overweight” rating and set a $18.00 price objective (up from $16.00) on shares of Oatly Group in a research report on Friday, October 31st. Mizuho set a $18.00 price objective on shares of Oatly Group and gave the company an “outperform” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. began coverage on shares of Oatly Group in a report on Wednesday, August 20th. They set a “neutral” rating for the company. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Oatly Group in a research note on Monday. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.50.

Oatly Group Stock Up 1.1%

Oatly Group stock opened at $11.07 on Wednesday. The company has a debt-to-equity ratio of 7.21, a current ratio of 0.42 and a quick ratio of 0.32. The company’s 50-day moving average is $13.34 and its 200-day moving average is $14.48. The firm has a market capitalization of $335.72 million, a PE ratio of -1.47 and a beta of 1.96. Oatly Group has a fifty-two week low of $6.00 and a fifty-two week high of $18.84.

Oatly Group (NASDAQ:OTLY) last posted its quarterly earnings results on Wednesday, October 29th. The company reported ($2.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.63) by ($1.52). The business had revenue of $222.80 million for the quarter, compared to the consensus estimate of $211.45 million. Oatly Group had a negative return on equity of 201.36% and a negative net margin of 26.67%. Sell-side analysts anticipate that Oatly Group will post -3.2 earnings per share for the current year.

Hedge Funds Weigh In On Oatly Group

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its stake in Oatly Group by 85.1% in the 2nd quarter. GAMMA Investing LLC now owns 3,203 shares of the company’s stock worth $38,000 after purchasing an additional 1,473 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Oatly Group during the second quarter worth approximately $120,000. Van ECK Associates Corp raised its position in shares of Oatly Group by 19.0% in the third quarter. Van ECK Associates Corp now owns 11,001 shares of the company’s stock valued at $178,000 after buying an additional 1,756 shares in the last quarter. Geode Capital Management LLC acquired a new stake in shares of Oatly Group in the second quarter valued at approximately $151,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Oatly Group in the first quarter valued at approximately $133,000. 68.15% of the stock is currently owned by institutional investors and hedge funds.

About Oatly Group

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.