Oatly Group (NASDAQ:OTLY) Price Target Lowered to $32.00 at Mizuho

Oatly Group (NASDAQ:OTLY) had its price target trimmed by Mizuho from $40.00 to $32.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

OTLY has been the topic of several other research reports. Piper Sandler cut their target price on Oatly Group from $40.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Barclays increased their price target on Oatly Group from $1.00 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.75.

Oatly Group Price Performance

Shares of NASDAQ OTLY opened at $10.06 on Monday. The company has a market capitalization of $299.32 million, a PE ratio of -1.48 and a beta of 1.97. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39. Oatly Group has a twelve month low of $6.00 and a twelve month high of $26.80. The firm has a fifty day simple moving average of $10.55 and a 200 day simple moving average of $13.62.

Institutional Investors Weigh In On Oatly Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC grew its position in Oatly Group by 33.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 55,778 shares of the company’s stock valued at $48,000 after purchasing an additional 14,116 shares during the period. Van ECK Associates Corp grew its holdings in shares of Oatly Group by 60.6% during the fourth quarter. Van ECK Associates Corp now owns 56,689 shares of the company’s stock valued at $38,000 after buying an additional 21,387 shares during the last quarter. Rhumbline Advisers increased its position in shares of Oatly Group by 76.1% during the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company’s stock worth $42,000 after acquiring an additional 27,428 shares in the last quarter. Green Alpha Advisors LLC raised its holdings in shares of Oatly Group by 5.9% in the 4th quarter. Green Alpha Advisors LLC now owns 686,776 shares of the company’s stock worth $455,000 after acquiring an additional 38,363 shares during the last quarter. Finally, Performa Ltd US LLC lifted its position in Oatly Group by 36.8% in the 4th quarter. Performa Ltd US LLC now owns 145,000 shares of the company’s stock valued at $96,000 after acquiring an additional 39,000 shares in the last quarter. Institutional investors own 68.15% of the company’s stock.

Oatly Group Company Profile

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.