Oatly Group AB Sponsored ADR (NASDAQ:OTLY) Receives $14.75 Average Target Price from Brokerages

Shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY) have earned an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.75.

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Oatly Group in a research note on Monday, December 29th. Mizuho set a $18.00 price target on shares of Oatly Group and gave the stock an “outperform” rating in a report on Wednesday, November 26th. DA Davidson set a $14.00 target price on Oatly Group and gave the stock a “buy” rating in a research report on Friday, November 21st. Zacks Research raised shares of Oatly Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 17th. Finally, Barclays set a $15.00 target price on Oatly Group and gave the company an “overweight” rating in a report on Friday.

Institutional Investors Weigh In On Oatly Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in shares of Oatly Group by 85.1% during the 2nd quarter. GAMMA Investing LLC now owns 3,203 shares of the company’s stock worth $38,000 after acquiring an additional 1,473 shares during the last quarter. Credit Agricole S A purchased a new stake in shares of Oatly Group during the third quarter valued at approximately $2,098,000. UBS Group AG increased its position in shares of Oatly Group by 1.5% in the third quarter. UBS Group AG now owns 646,591 shares of the company’s stock valued at $10,475,000 after acquiring an additional 9,620 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Oatly Group by 9.5% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,130 shares of the company’s stock worth $215,000 after buying an additional 1,568 shares during the period. Finally, Van ECK Associates Corp increased its position in Oatly Group by 19.0% during the 3rd quarter. Van ECK Associates Corp now owns 11,001 shares of the company’s stock valued at $178,000 after purchasing an additional 1,756 shares during the period. 68.15% of the stock is owned by hedge funds and other institutional investors.

Oatly Group Stock Up 1.3%

Shares of Oatly Group stock opened at $11.52 on Friday. The stock’s 50-day moving average is $11.75 and its 200 day moving average is $14.39. Oatly Group has a one year low of $6.00 and a one year high of $18.84. The firm has a market cap of $349.40 million, a price-to-earnings ratio of -1.53 and a beta of 1.97. The company has a debt-to-equity ratio of 7.21, a current ratio of 0.42 and a quick ratio of 0.32.

Oatly Group (NASDAQ:OTLY) last posted its quarterly earnings results on Wednesday, October 29th. The company reported ($2.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.63) by ($1.52). The business had revenue of $222.80 million for the quarter, compared to the consensus estimate of $211.45 million. Oatly Group had a negative return on equity of 201.36% and a negative net margin of 26.67%. Equities research analysts anticipate that Oatly Group will post -3.2 EPS for the current year.

Oatly Group Company Profile

Oatly Group is a Sweden-based food and beverage company specializing in the development, production and sale of oat-derived dairy alternatives. The company’s product lineup includes oat-based drinks, ice cream, yogurts, spreads and cooking creams, all marketed under the Oatly brand name. By leveraging proprietary processing technology, Oatly extracts the nutritional benefits of oats—such as soluble fiber and plant protein—while delivering taste and texture profiles that closely mimic traditional dairy products.

Founded in 1994 as a spin-off from research at Lund University, Oatly initially focused on exploiting the health and functional benefits of oat beta-glucans.