Oatly Group AB (NASDAQ:OTLY) Given Average Recommendation of “Moderate Buy” by Analysts

Oatly Group AB (NASDAQ:OTLY) has earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $1.45.

OTLY has been the topic of several analyst reports. BNP Paribas upgraded Oatly Group from a “neutral” rating to an “outperform” rating in a report on Thursday, July 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $1.05 price objective on shares of Oatly Group in a research note on Thursday, July 25th.

Oatly Group Stock Up 3.9 %

Shares of NASDAQ OTLY opened at $0.83 on Tuesday. The company has a 50 day simple moving average of $0.89 and a 200 day simple moving average of $0.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.68 and a quick ratio of 0.53. Oatly Group has a 1 year low of $0.44 and a 1 year high of $1.40. The firm has a market cap of $494.85 million, a PE ratio of -1.04 and a beta of 2.10.

Oatly Group (NASDAQ:OTLY) last released its quarterly earnings results on Wednesday, July 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $202.20 million during the quarter, compared to the consensus estimate of $200.66 million. Oatly Group had a negative net margin of 41.71% and a negative return on equity of 35.74%. On average, research analysts forecast that Oatly Group will post -0.26 EPS for the current year.

Hedge Funds Weigh In On Oatly Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. PFG Investments LLC boosted its stake in Oatly Group by 182.3% during the second quarter. PFG Investments LLC now owns 30,390 shares of the company’s stock worth $29,000 after acquiring an additional 19,625 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Oatly Group in the 2nd quarter valued at about $41,000. Quadrature Capital Ltd acquired a new position in Oatly Group during the 4th quarter worth approximately $44,000. SG Americas Securities LLC bought a new position in Oatly Group in the second quarter worth approximately $75,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Oatly Group by 144.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,038 shares of the company’s stock valued at $227,000 after acquiring an additional 118,886 shares during the period. 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.