Oatly Group (NASDAQ:OTLY - Get Free Report) had its price objective decreased by research analysts at Barclays from $40.00 to $20.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective would indicate a potential upside of 130.41% from the stock's previous close.
Oatly Group Price Performance
NASDAQ:OTLY traded down $1.22 during mid-day trading on Friday, reaching $8.68. The stock had a trading volume of 455,155 shares, compared to its average volume of 215,388. The stock has a 50-day simple moving average of $12.60 and a two-hundred day simple moving average of $15.16. The stock has a market capitalization of $5.17 billion, a PE ratio of -12.58 and a beta of 1.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.62 and a quick ratio of 0.47. Oatly Group has a 12 month low of $6.00 and a 12 month high of $26.80.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in OTLY. Portolan Capital Management LLC boosted its position in Oatly Group by 66.8% in the fourth quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company's stock valued at $5,247,000 after buying an additional 3,169,805 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in Oatly Group in the fourth quarter valued at approximately $1,522,000. Intrinsic Edge Capital Management LLC acquired a new stake in Oatly Group in the fourth quarter valued at approximately $1,259,000. Marshall Wace LLP boosted its position in Oatly Group by 2,169.1% in the fourth quarter. Marshall Wace LLP now owns 1,433,468 shares of the company's stock valued at $946,000 after buying an additional 1,370,295 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Oatly Group by 19.6% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,895,635 shares of the company's stock valued at $6,746,000 after buying an additional 1,292,592 shares in the last quarter. 68.15% of the stock is owned by institutional investors.
Oatly Group Company Profile
(
Get Free Report)
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.
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