Mizuho Lowers Oatly Group (NASDAQ:OTLY) Price Target to $32.00

Oatly Group (NASDAQ:OTLY) had its price target reduced by equities research analysts at Mizuho from $40.00 to $32.00 in a report released on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price suggests a potential upside of 224.87% from the stock’s previous close.

A number of other research analysts also recently issued reports on OTLY. Piper Sandler dropped their price objective on Oatly Group from $40.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Barclays boosted their price target on Oatly Group from $1.00 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Oatly Group has a consensus rating of “Moderate Buy” and a consensus price target of $19.75.

Oatly Group Price Performance

Shares of NASDAQ OTLY opened at $9.85 on Monday. The company has a market capitalization of $293.07 million, a PE ratio of -1.45 and a beta of 1.97. 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 firm has a fifty day simple moving average of $10.48 and a 200 day simple moving average of $13.57.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OTLY. Sanctuary Advisors LLC increased its holdings in shares of Oatly Group by 33.9% during the third quarter. Sanctuary Advisors LLC now owns 55,778 shares of the company’s stock valued at $48,000 after acquiring an additional 14,116 shares in the last quarter. Van ECK Associates Corp increased its stake in Oatly Group by 60.6% during the 4th quarter. Van ECK Associates Corp now owns 56,689 shares of the company’s stock valued at $38,000 after purchasing an additional 21,387 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Oatly Group during the fourth quarter worth $41,000. Rhumbline Advisers lifted its stake in shares of Oatly Group by 76.1% in the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company’s stock valued at $42,000 after buying an additional 27,428 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Oatly Group by 463.2% during the fourth quarter. Geode Capital Management LLC now owns 94,353 shares of the company’s stock valued at $63,000 after buying an additional 77,600 shares during 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.