Oatly Group (NASDAQ:OTLY) Stock Price Expected to Rise, Barclays Analyst Says

Oatly Group (NASDAQ:OTLY - Get Free Report) had its price objective boosted by equities researchers at Barclays from $1.00 to $10.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price objective points to a potential downside of 6.02% from the company's previous close.

Oatly Group Stock Performance

Shares of NASDAQ:OTLY traded up $1.03 during trading on Tuesday, reaching $10.64. 676,703 shares of the stock were exchanged, compared to its average volume of 303,392. Oatly Group has a 12 month low of $6.00 and a 12 month high of $26.80. The firm has a market cap of $316.57 million, a PE ratio of -1.56 and a beta of 1.96. The stock has a 50-day moving average price of $11.85 and a 200-day moving average price of $14.69. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39.

Institutional Investors Weigh In On Oatly Group

Institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC boosted its holdings in shares of Oatly Group by 33.9% during the third quarter. Sanctuary Advisors LLC now owns 55,778 shares of the company's stock worth $48,000 after acquiring an additional 14,116 shares during the period. Van ECK Associates Corp boosted its holdings 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 worth $38,000 after acquiring an additional 21,387 shares during the period. Two Sigma Advisers LP bought a new stake in shares of Oatly Group during the fourth quarter worth approximately $41,000. Rhumbline Advisers boosted 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 buying an additional 27,428 shares during the period. Finally, Privium Fund Management B.V. bought a new stake in shares of Oatly Group in the third quarter valued at approximately $60,000. Institutional investors own 68.15% of the company's stock.

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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.