Royal Bank of Canada restated their sector perform rating on shares of Oatly Group (NASDAQ:OTLY – Free Report) in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a $1.05 price target on the stock.
Separately, BNP Paribas raised shares of Oatly Group from a neutral rating to an outperform rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $2.11.
Get Our Latest Stock Analysis on OTLY
Oatly Group Trading Up 2.2 %
Oatly Group (NASDAQ:OTLY – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The business had revenue of $199.16 million during the quarter, compared to the consensus estimate of $198.43 million. Oatly Group had a negative return on equity of 35.74% and a negative net margin of 41.71%. During the same period in the previous year, the company posted ($0.13) earnings per share. Sell-side analysts anticipate that Oatly Group will post -0.27 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Oatly Group
Several hedge funds and other institutional investors have recently bought and sold shares of OTLY. SG Americas Securities LLC acquired a new stake in shares of Oatly Group during the second quarter worth about $75,000. GSA Capital Partners LLP acquired a new stake in shares of Oatly Group during the first quarter worth about $998,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Oatly Group by 144.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,038 shares of the company’s stock worth $227,000 after buying an additional 118,886 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Oatly Group in the 4th quarter valued at about $44,000. Finally, CastleKnight Management LP raised its stake in Oatly Group by 430.8% during the 4th quarter. CastleKnight Management LP now owns 1,527,700 shares of the company’s stock valued at $1,803,000 after acquiring an additional 1,239,874 shares during the last quarter. 68.15% of the stock is currently owned by institutional investors and hedge funds.
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.
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