Brokerages Set Oatly Group AB (NASDAQ:OTLY) PT at $2.11

Oatly Group AB (NASDAQ:OTLY) has received a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $2.11.

Several equities analysts have issued reports on the company. Royal Bank of Canada raised their price objective on Oatly Group from $0.63 to $1.05 and gave the stock a “sector perform” rating in a report on Friday, February 16th. Morgan Stanley restated an “equal weight” rating and set a $1.25 price target on shares of Oatly Group in a research note on Tuesday, February 20th. Finally, DA Davidson initiated coverage on Oatly Group in a report on Friday, March 1st. They issued a “buy” rating and a $1.50 price objective on the stock.

Institutional Trading of Oatly Group

Several large investors have recently modified their holdings of OTLY. Envestnet Asset Management Inc. grew its holdings in shares of Oatly Group by 14.4% during the first quarter. Envestnet Asset Management Inc. now owns 56,467 shares of the company’s stock worth $283,000 after buying an additional 7,103 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Oatly Group by 7.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 117,589 shares of the company’s stock worth $589,000 after purchasing an additional 7,823 shares during the period. Mariner LLC boosted its holdings in shares of Oatly Group by 64.8% in the 4th quarter. Mariner LLC now owns 20,497 shares of the company’s stock valued at $36,000 after purchasing an additional 8,059 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in shares of Oatly Group by 48.1% during the 1st quarter. Ensign Peak Advisors Inc now owns 26,854 shares of the company’s stock valued at $135,000 after buying an additional 8,716 shares during the period. Finally, Vident Investment Advisory LLC grew its stake in shares of Oatly Group by 21.6% during the 4th quarter. Vident Investment Advisory LLC now owns 50,031 shares of the company’s stock valued at $87,000 after buying an additional 8,883 shares during the period. 68.15% of the stock is currently owned by institutional investors and hedge funds.

Oatly Group Price Performance

Oatly Group stock opened at $1.09 on Friday. The stock’s fifty day moving average is $1.11 and its two-hundred day moving average is $0.98. The stock has a market cap of $648.62 million, a PE ratio of -1.28 and a beta of 2.29. Oatly Group has a 1-year low of $0.44 and a 1-year high of $2.46. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.83 and a quick ratio of 0.71.

Oatly Group (NASDAQ:OTLY) last posted its earnings results on Thursday, February 15th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.08). The business had revenue of $204.12 million for the quarter, compared to analysts’ expectations of $191.80 million. Oatly Group had a negative return on equity of 37.94% and a negative net margin of 53.22%. On average, sell-side analysts expect that Oatly Group will post -0.28 EPS for the current fiscal year.

About Oatly Group

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden. 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.