Oatly Group AB (NASDAQ:OTLY) Given Average Rating of “Moderate Buy” by Brokerages

Oatly Group AB (NASDAQ:OTLY) has earned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $1.96.

OTLY has been the topic of several analyst reports. BNP Paribas upgraded Oatly Group from a “neutral” rating to an “outperform” rating in a report on Thursday, July 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $1.05 price objective on shares of Oatly Group in a research note on Thursday, July 25th.

Hedge Funds Weigh In On Oatly Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Independent Advisor Alliance acquired a new position in shares of Oatly Group during the 4th quarter valued at $28,000. BNP Paribas Asset Management Holding S.A. raised its holdings in shares of Oatly Group by 72.0% during the fourth quarter. BNP Paribas Asset Management Holding S.A. now owns 6,024,369 shares of the company’s stock valued at $7,109,000 after purchasing an additional 2,521,847 shares during the period. IPG Investment Advisors LLC boosted its position in shares of Oatly Group by 11.0% during the 4th quarter. IPG Investment Advisors LLC now owns 503,000 shares of the company’s stock worth $594,000 after purchasing an additional 50,000 shares in the last quarter. Relative Value Partners Group LLC acquired a new stake in shares of Oatly Group in the 4th quarter valued at about $118,000. Finally, CastleKnight Management LP increased its position in Oatly Group by 430.8% in the 4th quarter. CastleKnight Management LP now owns 1,527,700 shares of the company’s stock valued at $1,803,000 after buying an additional 1,239,874 shares in the last quarter. 68.15% of the stock is currently owned by institutional investors.

Oatly Group Price Performance

Shares of NASDAQ:OTLY opened at $0.88 on Friday. The firm has a market cap of $523.95 million, a PE ratio of -1.10 and a beta of 2.10. The firm’s fifty day moving average is $0.94 and its 200-day moving average is $1.01. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.53 and a current ratio of 0.68. Oatly Group has a 52 week low of $0.44 and a 52 week high of $1.40.

Oatly Group (NASDAQ:OTLY) last announced its earnings results on Wednesday, July 24th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $202.20 million for the quarter, compared to the consensus estimate of $200.66 million. Oatly Group had a negative return on equity of 35.74% and a negative net margin of 41.71%. Sell-side analysts predict that Oatly Group will post -0.26 earnings per share for the current year.

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.