Oatly Group AB (NASDAQ:OTLY – Get Rating)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at 3.92, but opened at 3.59. Oatly Group shares last traded at 3.49, with a volume of 61,631 shares changing hands.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on OTLY. Royal Bank of Canada cut their price target on shares of Oatly Group from $14.00 to $9.00 and set a “maintains” rating on the stock in a report on Wednesday. Mizuho cut their price target on shares of Oatly Group from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday. Piper Sandler cut their price target on shares of Oatly Group from $8.00 to $6.00 and set a “maintains” rating on the stock in a report on Wednesday. Barclays dropped their target price on shares of Oatly Group from $6.00 to $5.00 in a report on Wednesday. Finally, Credit Suisse Group dropped their target price on shares of Oatly Group from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Oatly Group currently has an average rating of “Moderate Buy” and a consensus target price of 11.19.
Oatly Group Stock Up 9.0 %
The company has a debt-to-equity ratio of 0.11, a current ratio of 2.77 and a quick ratio of 2.36. The firm has a market capitalization of $2.09 billion, a P/E ratio of -7.61 and a beta of 0.90. The company’s 50-day simple moving average is 3.87 and its two-hundred day simple moving average is 4.84.
Institutional Trading of Oatly Group
Several institutional investors and hedge funds have recently modified their holdings of OTLY. Northern Oak Wealth Management Inc. bought a new stake in shares of Oatly Group during the 4th quarter valued at $27,000. Cerity Partners LLC bought a new stake in Oatly Group in the 1st quarter valued at $51,000. Brinker Capital Investments LLC bought a new stake in Oatly Group in the 2nd quarter valued at $55,000. Integrated Wealth Concepts LLC bought a new stake in Oatly Group in the 1st quarter valued at $55,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Oatly Group in the 1st quarter worth $55,000. 21.07% of the stock is currently owned by institutional investors.
Oatly Group Company Profile
Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; ready-to-go drinks, such as cold brew latte, mocha latte, matcha latte, and mini oat drink in original and chocolate flavors; and cooking products, including Cooking Cream, in regular and organic, Crème Fraiche, Whipping Cream, Vanilla Custard and Spreads in a variety of flavors.
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