Oatly Group (NASDAQ:OTLY) Upgraded to Strong-Buy at Barclays

Barclays upgraded shares of Oatly Group (NASDAQ:OTLY) to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

Several other equities research analysts also recently weighed in on OTLY. Royal Bank of Canada reissued a “sector perform” rating and issued a $1.05 price objective on shares of Oatly Group in a report on Thursday, July 25th. BNP Paribas raised Oatly Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Oatly Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $1.27.

Oatly Group Trading Down 6.6 %

OTLY opened at $0.65 on Monday. The business has a fifty day simple moving average of $0.85 and a 200-day simple moving average of $0.96. Oatly Group has a 52 week low of $0.51 and a 52 week high of $1.40. The firm has a market cap of $383.93 million, a P/E ratio of -0.94 and a beta of 2.09. The company has a quick ratio of 0.47, a current ratio of 0.62 and a debt-to-equity ratio of 0.65.

Oatly Group (NASDAQ:OTLY) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). Oatly Group had a negative return on equity of 76.54% and a negative net margin of 50.33%. The business had revenue of $208.00 million during the quarter, compared to analysts’ expectations of $207.87 million. During the same quarter last year, the business posted ($0.07) EPS. On average, equities analysts expect that Oatly Group will post -0.25 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. PFG Investments LLC boosted its holdings in Oatly Group by 182.3% in the 2nd quarter. PFG Investments LLC now owns 30,390 shares of the company’s stock worth $29,000 after acquiring an additional 19,625 shares during the period. Sanctuary Advisors LLC bought a new position in Oatly Group during the 2nd quarter valued at $41,000. Privium Fund Management B.V. acquired a new stake in shares of Oatly Group in the 3rd quarter valued at about $60,000. SG Americas Securities LLC bought a new position in Oatly Group during the 2nd quarter worth approximately $75,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Oatly Group by 144.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,038 shares of the company’s stock valued at $227,000 after acquiring an additional 118,886 shares in the last quarter. 68.15% of the stock is owned by institutional investors and hedge funds.

Oatly Group Company Profile

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.