Oatly Group (NASDAQ:OTLY – Get Rating) had its price objective reduced by Mizuho from $4.00 to $3.50 in a report published on Wednesday, Marketbeat.com reports. They currently have a neutral rating on the stock.
OTLY has been the subject of several other reports. Citigroup reduced their target price on Oatly Group from $11.00 to $10.00 in a report on Thursday, May 5th. Credit Suisse Group reduced their target price on Oatly Group from $7.00 to $6.00 and set an outperform rating for the company in a report on Wednesday. Barclays reduced their target price on Oatly Group from $6.00 to $5.00 in a report on Wednesday. Finally, Piper Sandler cut their price target on Oatly Group from $10.00 to $8.00 and set an overweight rating for the company in a report on Friday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of 11.19.
Oatly Group Price Performance
Shares of Oatly Group stock opened at 3.97 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 2.36 and a debt-to-equity ratio of 0.12. Oatly Group has a 52-week low of 2.75 and a 52-week high of 19.86. The stock has a 50-day simple moving average of 3.86 and a 200-day simple moving average of 4.80.
Institutional Trading of Oatly Group
Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. bought a new stake in shares of Oatly Group during the fourth quarter valued at approximately $393,000. Invesco Ltd. increased its position in shares of Oatly Group by 65.8% during the fourth quarter. Invesco Ltd. now owns 8,309,010 shares of the company’s stock valued at $66,139,000 after purchasing an additional 3,297,510 shares during the period. Marathon Trading Investment Management LLC bought a new stake in shares of Oatly Group during the fourth quarter valued at approximately $84,000. Granite Investment Partners LLC bought a new stake in shares of Oatly Group during the fourth quarter valued at approximately $4,457,000. Finally, HCR Wealth Advisors bought a new stake in shares of Oatly Group during the fourth quarter valued at approximately $348,000. 21.07% of the stock is currently owned by institutional investors.
Oatly Group Company Profile
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; ready-to-go drinks, such as cold brew latte, mocha latte, matcha latte, and mini oat drink in original and chocolate flavors; and cooking products, including Cooking Cream, in regular and organic, Crème Fraiche, Whipping Cream, Vanilla Custard and Spreads in a variety of flavors.
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