Barclays Issues Pessimistic Forecast for Oatly Group (NASDAQ:OTLY) Stock Price

Oatly Group (NASDAQ:OTLY) had its target price decreased by equities researchers at Barclays from $2.00 to $1.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 102.02% from the stock’s current price.

Oatly Group Stock Down 6.6 %

Shares of NASDAQ OTLY opened at $0.50 on Friday. The firm has a market cap of $294.55 million, a price-to-earnings ratio of -0.72 and a beta of 1.96. The company has a quick ratio of 0.47, a current ratio of 0.62 and a debt-to-equity ratio of 0.65. Oatly Group has a 52-week low of $0.30 and a 52-week high of $1.34. The business’s 50 day moving average is $0.64 and its two-hundred day moving average is $0.77.

Oatly Group’s stock is set to reverse split on Tuesday, February 18th. The 1-20 reverse split was announced on Friday, January 31st. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, February 17th.

Institutional Trading of Oatly Group

A number of large investors have recently modified their holdings of the stock. Portolan Capital Management LLC increased its position in shares of Oatly Group by 66.8% during the fourth quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company’s stock worth $5,247,000 after acquiring an additional 3,169,805 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Oatly Group by 19.6% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,895,635 shares of the company’s stock worth $6,746,000 after acquiring an additional 1,292,592 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Oatly Group by 4.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,701,722 shares of the company’s stock worth $6,580,000 after acquiring an additional 358,978 shares during the period. GSA Capital Partners LLP increased its holdings in Oatly Group by 3.6% in the third quarter. GSA Capital Partners LLP now owns 2,264,754 shares of the company’s stock valued at $1,935,000 after buying an additional 78,831 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new position in Oatly Group in the fourth quarter valued at $1,259,000. Hedge funds and other 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.