Oatly Group (NASDAQ:OTLY) Price Target Cut to $32.00 by Analysts at Mizuho

Oatly Group (NASDAQ:OTLY - Get Free Report) had its price target dropped by equities researchers at Mizuho from $40.00 to $32.00 in a research note issued on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Mizuho's price target indicates a potential upside of 227.03% from the stock's current price.

Other equities research analysts also recently issued reports about the company. Barclays raised their price target on Oatly Group from $1.00 to $10.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Piper Sandler lowered their target price on Oatly Group from $40.00 to $16.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $19.75.

Oatly Group Stock Performance

Shares of NASDAQ OTLY traded down $0.09 during trading hours on Monday, hitting $9.79. 14,647 shares of the stock were exchanged, compared to its average volume of 137,313. The firm has a market capitalization of $291.13 million, a P/E ratio of -1.44 and a beta of 1.97. Oatly Group has a one year low of $6.00 and a one year high of $26.80. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.56 and a quick ratio of 0.44. The company's 50 day moving average is $10.34 and its 200 day moving average is $13.52.

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Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in OTLY. Sanctuary Advisors LLC increased its stake in Oatly Group by 33.9% during the third quarter. Sanctuary Advisors LLC now owns 55,778 shares of the company's stock valued at $48,000 after acquiring an additional 14,116 shares during the period. Van ECK Associates Corp increased its position 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 purchasing an additional 21,387 shares during the period. Rhumbline Advisers raised its stake in shares of Oatly Group by 76.1% in the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company's stock valued at $42,000 after purchasing an additional 27,428 shares in the last quarter. Green Alpha Advisors LLC lifted its position in Oatly Group by 5.9% in the fourth quarter. Green Alpha Advisors LLC now owns 686,776 shares of the company's stock worth $455,000 after purchasing an additional 38,363 shares during the period. Finally, Performa Ltd US LLC lifted its position in Oatly Group by 36.8% in the fourth quarter. Performa Ltd US LLC now owns 145,000 shares of the company's stock worth $96,000 after purchasing an additional 39,000 shares during the period. Institutional investors and hedge funds 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.