Oatly Group (NASDAQ:OTLY) Upgraded by Barclays to Strong-Buy Rating

Oatly Group (NASDAQ:OTLY) was upgraded by stock analysts at Barclays to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. BNP Paribas raised shares of Oatly Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, July 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $1.05 price target on shares of Oatly Group in a report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Oatly Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $1.27.

Oatly Group Stock Down 8.7 %

Shares of NASDAQ OTLY opened at $0.69 on Monday. The stock has a market cap of $410.89 million, a P/E ratio of -1.00 and a beta of 2.09. The business’s fifty day simple moving average is $0.85 and its 200-day simple moving average is $0.96. Oatly Group has a 12-month low of $0.50 and a 12-month high of $1.40. The company has a current ratio of 0.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.65.

Oatly Group (NASDAQ:OTLY) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). Oatly Group had a negative return on equity of 76.54% and a negative net margin of 50.33%. The company had revenue of $208.00 million for the quarter, compared to analyst estimates of $207.87 million. During the same quarter last year, the company earned ($0.07) EPS. As a group, equities analysts predict that Oatly Group will post -0.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. PFG Investments LLC lifted its position in Oatly Group by 182.3% in the second quarter. PFG Investments LLC now owns 30,390 shares of the company’s stock valued at $29,000 after acquiring an additional 19,625 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Oatly Group in the 2nd quarter valued at about $41,000. Privium Fund Management B.V. acquired a new stake in shares of Oatly Group in the 3rd quarter valued at about $60,000. SG Americas Securities LLC purchased a new position in Oatly Group during the 2nd quarter worth approximately $75,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in 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 period. Institutional investors and hedge funds own 68.15% of the company’s stock.

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.