Oatly Group’s (OTLY) “Sell (D-)” Rating Reiterated at Weiss Ratings

Oatly Group (NASDAQ:OTLY)‘s stock had its “sell (d-)” rating reaffirmed by research analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

OTLY has been the topic of several other research reports. Barclays raised their price objective on Oatly Group from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. assumed coverage on Oatly Group in a report on Wednesday, August 20th. They set a “neutral” rating on the stock. Wall Street Zen raised Oatly Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Finally, Zacks Research raised Oatly Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Oatly Group presently has a consensus rating of “Hold” and a consensus price target of $17.25.

Oatly Group Stock Performance

NASDAQ:OTLY opened at $15.64 on Friday. The firm has a market capitalization of $474.05 million, a PE ratio of -2.38 and a beta of 1.95. The business’s fifty day moving average price is $16.42 and its 200 day moving average price is $13.63. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.49 and a quick ratio of 0.37. Oatly Group has a 12 month low of $6.00 and a 12 month high of $19.13.

Institutional Investors Weigh In On Oatly Group

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of Oatly Group by 62.2% during the third quarter. GAMMA Investing LLC now owns 5,194 shares of the company’s stock worth $84,000 after buying an additional 1,991 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Oatly Group by 9.5% during the second 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. Quadrature Capital Ltd acquired a new stake in shares of Oatly Group during the second quarter worth about $120,000. Geode Capital Management LLC acquired a new stake in shares of Oatly Group during the second quarter worth about $151,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Oatly Group during the first quarter worth about $133,000. Institutional investors and hedge funds own 68.15% of the company’s stock.

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.