Oatly Group (NASDAQ:OTLY) Stock Rating Upgraded by BNP Paribas

BNP Paribas upgraded shares of Oatly Group (NASDAQ:OTLY) from a neutral rating to an outperform rating in a report released on Thursday, Marketbeat reports.

Oatly Group Price Performance

Shares of NASDAQ:OTLY opened at $0.97 on Thursday. Oatly Group has a 12 month low of $0.44 and a 12 month high of $1.90. The stock has a market cap of $579.95 million, a P/E ratio of -1.22 and a beta of 2.11. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average of $1.01 and a 200 day moving average of $1.07.

Oatly Group (NASDAQ:OTLY) last announced its earnings results on Tuesday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. The business had revenue of $199.16 million during the quarter, compared to analyst estimates of $198.43 million. Oatly Group had a negative net margin of 41.71% and a negative return on equity of 35.74%. During the same period in the previous year, the business posted ($0.13) earnings per share. As a group, sell-side analysts forecast that Oatly Group will post -0.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Oatly Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Performa Ltd US LLC grew its position in shares of Oatly Group by 17.1% in the 4th quarter. Performa Ltd US LLC now owns 105,500 shares of the company’s stock worth $124,000 after buying an additional 15,440 shares during the period. Independent Advisor Alliance purchased a new stake in Oatly Group during the 4th quarter valued at about $28,000. Tower Research Capital LLC TRC purchased a new stake in Oatly Group during the 4th quarter valued at about $32,000. Quadrature Capital Ltd purchased a new stake in shares of Oatly Group during the 4th quarter valued at about $44,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Oatly Group by 150.7% during the 4th quarter. SG Americas Securities LLC now owns 67,489 shares of the company’s stock valued at $80,000 after acquiring an additional 40,566 shares during the last quarter. 68.15% 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 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.