Oatly Group (NASDAQ:OTLY) Stock Price Up 4.3%

Oatly Group AB (NASDAQ:OTLY) rose 4.3% during trading on Monday . The company traded as high as $0.96 and last traded at $0.95. Approximately 418,072 shares were traded during trading, a decline of 75% from the average daily volume of 1,685,945 shares. The stock had previously closed at $0.91.

Wall Street Analysts Forecast Growth

OTLY has been the subject of a number of research reports. Royal Bank of Canada restated a “sector perform” rating and set a $1.05 price objective on shares of Oatly Group in a research report on Thursday, July 25th. BNP Paribas upgraded Oatly Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Oatly Group presently has a consensus rating of “Moderate Buy” and an average target price of $1.96.

Oatly Group Trading Up 3.4 %

The firm has a market capitalization of $572.92 million, a price-to-earnings ratio of -1.20 and a beta of 2.10. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average price of $0.94 and a 200-day moving average price of $1.01.

Oatly Group (NASDAQ:OTLY) last announced its quarterly earnings results on Wednesday, July 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The business had revenue of $202.20 million during the quarter, compared to analyst estimates of $200.66 million. Oatly Group had a negative return on equity of 35.74% and a negative net margin of 41.71%. On average, equities research analysts predict that Oatly Group AB will post -0.26 EPS for the current year.

Institutional Investors Weigh In On Oatly Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new stake in Oatly Group in the 2nd quarter worth approximately $41,000. Renaissance Technologies LLC lifted its holdings in Oatly Group by 61.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,132,770 shares of the company’s stock worth $1,065,000 after purchasing an additional 429,270 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Oatly Group by 2.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,342,744 shares of the company’s stock worth $6,902,000 after purchasing an additional 188,512 shares during the last quarter. PFG Investments LLC lifted its holdings in Oatly Group by 182.3% in the 2nd quarter. PFG Investments LLC now owns 30,390 shares of the company’s stock worth $29,000 after purchasing an additional 19,625 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Oatly Group by 14.5% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,603,043 shares of the company’s stock worth $6,207,000 after purchasing an additional 834,947 shares during the last quarter. 68.15% of the stock is currently owned by institutional investors and hedge funds.

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.