Barclays Has Lowered Expectations for Oatly Group (NASDAQ:OTLY) Stock Price

Oatly Group (NASDAQ:OTLY) had its price target cut by Barclays from $2.00 to $1.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Oatly Group Trading Down 6.6 %

Shares of NASDAQ:OTLY opened at $0.50 on Friday. The stock has a 50 day moving average of $0.64 and a 200 day moving average of $0.76. The company has a market cap of $294.55 million, a PE ratio of -0.72 and a beta of 1.96. The company has a current ratio of 0.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.65. Oatly Group has a 12-month low of $0.30 and a 12-month high of $1.34.

Oatly Group’s stock is scheduled to reverse split before the market opens on Tuesday, February 18th. The 1-20 reverse split was announced on Friday, January 31st. The number of shares owned by shareholders will be adjusted after the market closes on Monday, February 17th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new position in Oatly Group in the 2nd quarter worth approximately $41,000. Privium Fund Management B.V. purchased a new position in Oatly Group in the 3rd quarter worth approximately $60,000. GSA Capital Partners LLP lifted its holdings in Oatly Group by 3.6% in the 3rd quarter. GSA Capital Partners LLP now owns 2,264,754 shares of the company’s stock worth $1,935,000 after purchasing an additional 78,831 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Oatly Group by 19.6% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,895,635 shares of the company’s stock worth $6,746,000 after purchasing an additional 1,292,592 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Oatly Group by 4.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,701,722 shares of the company’s stock worth $6,580,000 after purchasing an additional 358,978 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.