Oatly Group AB Sponsored ADR (NASDAQ:OTLY) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $14.31.

OTLY has been the subject of several analyst reports. BNP Paribas Exane cut their price objective on shares of Oatly Group from $22.00 to $17.00 and set an “outperform” rating for the company in a report on Thursday, October 29th. Barclays reaffirmed an “overweight” rating and set a $10.00 target price (down from $13.00) on shares of Oatly Group in a report on Thursday, October 29th. Wall Street Zen cut Oatly Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 31st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Oatly Group in a report on Monday, September 21st.

Hedge Funds Weigh In On Oatly Group

A number of institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC bought a new stake in Oatly Group in the 2nd quarter worth approximately $518,000. Maven Securities LTD bought a new stake in shares of Oatly Group in the 2nd quarter worth approximately $426,000. Performa Ltd US LLC lifted its holdings in shares of Oatly Group by 12.9% in the 2nd quarter. Performa Ltd US LLC now owns 11,400 shares of the company’s stock worth $107,000 after acquiring an additional 1,300 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Oatly Group by 74.5% in the 1st quarter. Renaissance Technologies LLC now owns 51,513 shares of the company’s stock worth $522,000 after acquiring an additional 22,000 shares during the last quarter. Finally, R Squared Ltd boosted its stake in shares of Oatly Group by 77.1% in the 1st quarter. R Squared Ltd now owns 25,609 shares of the company’s stock valued at $260,000 after purchasing an additional 11,145 shares in the last quarter. Institutional investors own 68.15% of the company’s stock.

Oatly Group Trading Up 3.0%

NASDAQ OTLY opened at $8.17 on Thursday. Oatly Group has a one year low of $7.38 and a one year high of $16.20. The company has a debt-to-equity ratio of 43.43, a current ratio of 0.40 and a quick ratio of 0.26. The business has a 50 day simple moving average of $11.75 and a 200 day simple moving average of $11.26. The stock has a market capitalization of $260.70 million, a P/E ratio of -2.88 and a beta of 1.96.

Oatly Group (NASDAQ:OTLY) last issued its earnings results on Wednesday, October 28th. The company reported ($0.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.81) by ($0.05). Oatly Group had a negative return on equity of 2,479.86% and a negative net margin of 9.51%. The firm had revenue of $243.05 million during the quarter, compared to the consensus estimate of $241.75 million. Research analysts expect that Oatly Group will post -2.91 earnings per share for the current year.

Oatly Group Company Profile

Oatly Group AB is a Sweden-based food and beverage company focused on developing, producing and selling oat-based alternatives to dairy products. Its portfolio includes oat drinks, barista beverages, yogurt-style products, cooking creams, spreads, ice cream and other oat-based foods and beverages.

The company was founded in the 1990s in Sweden, based on research into the nutritional and functional properties of oats. Oatly markets its products under the Oatly brand and emphasizes plant-based nutrition, sustainability and the use of oats as an alternative to dairy ingredients.

Oatly sells its products through grocery retailers, foodservice operators, cafés and e-commerce channels across Europe, North America and parts of Asia.