Oatly Group (NASDAQ:OTLY) Stock Rating Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Oatly Group (NASDAQ:OTLY) from a hold rating to a sell rating in a report published on Saturday,Wall Street Zen reports.

Several other equities research analysts also recently weighed in on OTLY. Barclays reissued an “overweight” rating and issued a $10.00 target price (down from $13.00) on shares of Oatly Group in a research report on Thursday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Oatly Group in a research report on Monday, September 21st. Finally, BNP Paribas Exane decreased their price target on Oatly Group from $22.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.31.

Oatly Group Price Performance

Shares of NASDAQ OTLY opened at $7.75 on Friday. The company has a debt-to-equity ratio of 43.43, a current ratio of 0.40 and a quick ratio of 0.30. Oatly Group has a 1-year low of $7.38 and a 1-year high of $16.20. The company has a market capitalization of $247.30 million, a price-to-earnings ratio of -2.73 and a beta of 1.81. The business has a 50-day moving average of $12.19 and a 200-day moving average of $11.31.

Oatly Group (NASDAQ:OTLY) last released its quarterly earnings results on Wednesday, October 28th. The company reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.81) by ($0.05). Oatly Group had a negative return on equity of 37,610.93% and a negative net margin of 9.51%. The company had revenue of $243.05 million for the quarter, compared to analyst estimates of $241.75 million. On average, equities analysts anticipate that Oatly Group will post -2.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Oatly Group

Institutional investors have recently modified their holdings of the company. Maven Securities LTD bought a new position in Oatly Group in the 2nd quarter worth about $426,000. Tidal Investments LLC acquired a new stake in shares of Oatly Group in the second quarter valued at $518,000. Performa Ltd US LLC lifted its holdings in shares of Oatly Group by 12.9% in the second quarter. Performa Ltd US LLC now owns 11,400 shares of the company’s stock valued at $107,000 after buying an additional 1,300 shares during the period. Renaissance Technologies LLC boosted its stake in Oatly Group by 74.5% during the first quarter. Renaissance Technologies LLC now owns 51,513 shares of the company’s stock valued at $522,000 after buying an additional 22,000 shares in the last quarter. Finally, R Squared Ltd boosted its stake in Oatly Group by 77.1% during the first quarter. R Squared Ltd now owns 25,609 shares of the company’s stock valued at $260,000 after buying an additional 11,145 shares in the last quarter. Institutional investors own 68.15% of the company’s stock.

About Oatly Group

Oatly Group AB is a Sweden-based food and beverage company focused on developing, producing and selling oat-based alternatives to dairy products. Its portfolio includes oat drinks, barista beverages, yogurt-style products, cooking creams, spreads, ice cream and other oat-based foods and beverages.

The company was founded in the 1990s in Sweden, based on research into the nutritional and functional properties of oats. Oatly markets its products under the Oatly brand and emphasizes plant-based nutrition, sustainability and the use of oats as an alternative to dairy ingredients.

Oatly sells its products through grocery retailers, foodservice operators, cafés and e-commerce channels across Europe, North America and parts of Asia.