Oatly Group (NASDAQ:OTLY) Hits New 12-Month Low at $0.93

Oatly Group AB (NASDAQ:OTLY) shares reached a new 52-week low on Tuesday . The stock traded as low as $0.93 and last traded at $0.93, with a volume of 941726 shares trading hands. The stock had previously closed at $1.01.

Wall Street Analyst Weigh In

OTLY has been the subject of a number of research analyst reports. Truist Financial dropped their target price on shares of Oatly Group from $7.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, July 31st. Royal Bank of Canada downgraded shares of Oatly Group from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $7.00 to $1.80 in a research note on Monday, July 31st. JPMorgan Chase & Co. downgraded shares of Oatly Group from an “overweight” rating to a “neutral” rating in a research note on Wednesday, August 2nd. Barclays dropped their target price on shares of Oatly Group from $3.00 to $2.00 and set an “overweight” rating for the company in a research note on Monday, July 31st. Finally, Piper Sandler dropped their target price on shares of Oatly Group from $4.00 to $3.00 and set an “overweight” rating for the company in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Oatly Group has a consensus rating of “Hold” and an average target price of $3.26.

Oatly Group Stock Down 5.6 %

The stock’s fifty day moving average is $1.50 and its 200-day moving average is $1.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 0.93.

Oatly Group (NASDAQ:OTLY) last issued its quarterly earnings data on Thursday, July 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). The firm had revenue of $195.99 million for the quarter, compared to analyst estimates of $209.14 million. Oatly Group had a negative net margin of 51.37% and a negative return on equity of 52.81%. As a group, equities research analysts predict that Oatly Group AB will post -0.48 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OTLY. Toroso Investments LLC acquired a new position in shares of Oatly Group in the first quarter valued at approximately $27,000. IPG Investment Advisors LLC acquired a new position in shares of Oatly Group in the fourth quarter valued at approximately $30,000. Prospera Financial Services Inc acquired a new position in shares of Oatly Group in the second quarter valued at approximately $31,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Oatly Group by 230.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 19,809 shares of the company’s stock valued at $35,000 after buying an additional 13,809 shares during the period. Finally, First Manhattan Co. acquired a new position in shares of Oatly Group in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 21.36% of the company’s stock.

About Oatly Group

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; 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.