Oatly Group (NASDAQ:OTLY) Stock Price Expected to Rise, Barclays Analyst Says

Oatly Group (NASDAQ:OTLY) had its target price lifted by Barclays from $1.00 to $10.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Oatly Group Stock Down 6.0 %

NASDAQ:OTLY opened at $6.84 on Tuesday. The firm has a market capitalization of $203.51 million, a price-to-earnings ratio of -1.01 and a beta of 1.96. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39. Oatly Group has a twelve month low of $6.00 and a twelve month high of $26.80. The stock’s 50 day moving average price is $12.02 and its two-hundred day moving average price is $14.82.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Portolan Capital Management LLC lifted its stake in Oatly Group by 66.8% in the 4th quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company’s stock valued at $5,247,000 after purchasing an additional 3,169,805 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Oatly Group by 19.6% during 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 acquiring an additional 1,292,592 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Oatly Group by 4.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,701,722 shares of the company’s stock worth $6,580,000 after acquiring an additional 358,978 shares during the period. Raiffeisen Bank International AG bought a new stake in Oatly Group in the 4th quarter valued at $1,522,000. Finally, GSA Capital Partners LLP lifted its holdings in Oatly Group by 3.6% during the 3rd quarter. GSA Capital Partners LLP now owns 2,264,754 shares of the company’s stock valued at $1,935,000 after purchasing an additional 78,831 shares during the last quarter. Institutional investors own 68.15% of the company’s stock.

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.