Oatly Group (NASDAQ:OTLY) Stock Rating Lowered by Wall Street Zen

Oatly Group (NASDAQ:OTLY) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other brokerages have also issued reports on OTLY. Piper Sandler cut their target price on Oatly Group from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Mizuho set a $24.00 price objective on shares of Oatly Group in a report on Monday, April 28th. Barclays reaffirmed an “overweight” rating on shares of Oatly Group in a report on Thursday, May 1st. Finally, DA Davidson lifted their target price on shares of Oatly Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.80.

Oatly Group Stock Up 1.1%

OTLY opened at $12.26 on Friday. The business’s fifty day simple moving average is $10.24 and its 200 day simple moving average is $11.00. Oatly Group has a 52 week low of $6.00 and a 52 week high of $23.40. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39. The stock has a market cap of $366.92 million, a PE ratio of -1.80 and a beta of 1.89.

Oatly Group (NASDAQ:OTLY) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.45. The firm had revenue of $197.53 million during the quarter, compared to analysts’ expectations of $199.97 million. Oatly Group had a negative return on equity of 70.33% and a negative net margin of 24.52%. As a group, research analysts expect that Oatly Group will post -3.2 earnings per share for the current fiscal year.

Institutional Trading of Oatly Group

Several hedge funds and other institutional investors have recently bought and sold shares of OTLY. Cubist Systematic Strategies LLC bought a new position in shares of Oatly Group in the first quarter worth approximately $133,000. GAMMA Investing LLC bought a new stake in Oatly Group in the 1st quarter worth $1,730,000. Van ECK Associates Corp grew its holdings in Oatly Group by 60.6% in the 4th quarter. Van ECK Associates Corp now owns 56,689 shares of the company’s stock worth $38,000 after acquiring an additional 21,387 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of Oatly Group in the fourth quarter valued at about $41,000. Finally, Rhumbline Advisers raised its stake in shares of Oatly Group by 76.1% during the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company’s stock valued at $42,000 after acquiring an additional 27,428 shares during the last quarter. Institutional investors 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.