Oatly Group (NASDAQ:OTLY) Upgraded at Barclays

Barclays upgraded shares of Oatly Group (NASDAQ:OTLY) to a strong-buy rating in a report released on Monday,Zacks.com reports.

Several other research firms also recently commented on OTLY. BNP Paribas upgraded Oatly Group from a “neutral” rating to an “outperform” rating in a report on Thursday, July 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $1.05 price target on shares of Oatly Group in a report on Thursday, July 25th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1.27.

Oatly Group Price Performance

OTLY opened at $0.65 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.62 and a debt-to-equity ratio of 0.65. The business has a fifty day moving average of $0.85 and a 200 day moving average of $0.96. Oatly Group has a 52-week low of $0.51 and a 52-week high of $1.40. The stock has a market cap of $383.93 million, a P/E ratio of -0.94 and a beta of 2.09.

Oatly Group (NASDAQ:OTLY) last issued its earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). Oatly Group had a negative net margin of 50.33% and a negative return on equity of 76.54%. The firm had revenue of $208.00 million during the quarter, compared to analyst estimates of $207.87 million. During the same period in the previous year, the firm earned ($0.07) earnings per share. As a group, sell-side analysts anticipate that Oatly Group will post -0.25 EPS for the current year.

Institutional Trading of Oatly Group

Institutional investors have recently modified their holdings of the stock. PFG Investments LLC boosted its position in Oatly Group by 182.3% during the second quarter. PFG Investments LLC now owns 30,390 shares of the company’s stock worth $29,000 after acquiring an additional 19,625 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Oatly Group in the 2nd quarter worth approximately $41,000. Privium Fund Management B.V. acquired a new position in shares of Oatly Group during the 3rd quarter worth approximately $60,000. SG Americas Securities LLC acquired a new position in shares of Oatly Group during the 2nd quarter worth approximately $75,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Oatly Group by 144.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,038 shares of the company’s stock valued at $227,000 after purchasing an additional 118,886 shares in the last quarter. Institutional investors and hedge funds 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.