Oatly Group (NASDAQ:OTLY) Given New $16.00 Price Target at Piper Sandler

Oatly Group (NASDAQ:OTLY - Get Free Report) had its target price reduced by equities research analysts at Piper Sandler from $40.00 to $16.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's price target would indicate a potential upside of 69.31% from the stock's current price.

Separately, Barclays lifted their price target on shares of Oatly Group from $1.00 to $10.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th.

Oatly Group Stock Up 4.1 %

OTLY stock traded up $0.37 during mid-day trading on Wednesday, hitting $9.45. 121,294 shares of the company were exchanged, compared to its average volume of 294,375. The company has a market capitalization of $281.17 million, a PE ratio of -1.39 and a beta of 1.97. The company has a current ratio of 0.56, a quick ratio of 0.44 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 $11.52 and a 200 day simple moving average of $14.32.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Portolan Capital Management LLC boosted its stake in Oatly Group by 66.8% during the 4th quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company's stock valued at $5,247,000 after purchasing an additional 3,169,805 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Oatly Group by 19.6% during the 3rd 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 purchasing an additional 1,292,592 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Oatly Group by 4.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,701,722 shares of the company's stock valued at $6,580,000 after purchasing an additional 358,978 shares during the period. Raiffeisen Bank International AG acquired a new position in Oatly Group during the 4th quarter valued at about $1,522,000. Finally, GSA Capital Partners LLP boosted its stake in Oatly Group by 3.6% during the 3rd quarter. GSA Capital Partners LLP now owns 2,264,754 shares of the company's stock valued at $1,935,000 after purchasing an additional 78,831 shares during the period. 68.15% of the stock is owned by institutional investors and hedge funds.

Remove Ads

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.