Mizuho Lowers Oatly Group (NASDAQ:OTLY) Price Target to $32.00

Oatly Group (NASDAQ:OTLY) had its target price dropped by equities researchers at Mizuho from $40.00 to $32.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 219.36% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Barclays boosted their price objective on Oatly Group from $1.00 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Piper Sandler decreased their price objective on shares of Oatly Group from $40.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $19.75.

Oatly Group Stock Performance

Shares of Oatly Group stock remained flat at $10.02 during mid-day trading on Monday. 37,375 shares of the company were exchanged, compared to its average volume of 260,076. The company has a market capitalization of $298.13 million, a P/E ratio of -1.48 and a beta of 1.97. Oatly Group has a 1-year low of $6.00 and a 1-year high of $26.80. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. The company has a fifty day simple moving average of $10.60 and a 200-day simple moving average of $13.68.

Institutional Investors Weigh In On Oatly Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Oatly Group by 19.6% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,895,635 shares of the company’s stock valued at $6,746,000 after acquiring an additional 1,292,592 shares during the last quarter. Jane Street Group LLC increased its holdings in Oatly Group by 134.8% in the third quarter. Jane Street Group LLC now owns 143,256 shares of the company’s stock valued at $128,000 after purchasing an additional 82,242 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Oatly Group by 4.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,701,722 shares of the company’s stock valued at $6,580,000 after buying an additional 358,978 shares during the period. Green Alpha Advisors LLC boosted its holdings in Oatly Group by 5.9% during the fourth quarter. Green Alpha Advisors LLC now owns 686,776 shares of the company’s stock worth $455,000 after buying an additional 38,363 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Oatly Group during the 3rd quarter worth about $85,000. 68.15% of the stock is owned by institutional investors.

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.