Shares of Oatly Group AB (NASDAQ:OTLY – Get Free Report) have been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat Ratings 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 1 year target price among brokerages that have issued a report on the stock in the last year is $1.96.
A number of equities analysts have recently commented on OTLY shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $1.05 price objective on shares of Oatly Group in a research note on Thursday, July 25th. BNP Paribas upgraded Oatly Group from a “neutral” rating to an “outperform” rating in a report on Thursday, July 25th.
View Our Latest Stock Report on Oatly Group
Oatly Group Stock Performance
Oatly Group (NASDAQ:OTLY – Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $202.20 million for the quarter, compared to analyst estimates of $200.66 million. Oatly Group had a negative net margin of 41.71% and a negative return on equity of 35.74%. As a group, equities research analysts expect that Oatly Group will post -0.26 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Oatly Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in OTLY. Quadrature Capital Ltd acquired a new stake in shares of Oatly Group during the 4th quarter worth approximately $44,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Oatly Group by 144.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,038 shares of the company’s stock valued at $227,000 after buying an additional 118,886 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Oatly Group in the 1st quarter valued at $998,000. SG Americas Securities LLC bought a new position in shares of Oatly Group during the 2nd quarter worth about $75,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Oatly Group by 14.5% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,603,043 shares of the company’s stock valued at $6,207,000 after acquiring an additional 834,947 shares in the last quarter. 68.15% of the stock is currently owned by institutional investors.
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.
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