Oatly Group (NASDAQ:OTLY) Trading 0.6% Higher - What's Next?

Oatly Group AB (NASDAQ:OTLY - Get Free Report) shot up 0.6% during trading on Friday . The company traded as high as $8.90 and last traded at $8.62. 117,060 shares were traded during trading, a decline of 17% from the average session volume of 140,774 shares. The stock had previously closed at $8.57.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Piper Sandler reduced their price target on shares of Oatly Group from $40.00 to $16.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Mizuho lowered their price target on shares of Oatly Group from $40.00 to $32.00 and set an "outperform" rating on the stock in a report on Monday, March 24th. Finally, Barclays lifted their price objective on Oatly Group from $1.00 to $10.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $19.75.

Oatly Group Trading Up 1.8 %

The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $259.78 million, a P/E ratio of -1.28 and a beta of 1.89. The business's fifty day simple moving average is $9.12 and its two-hundred day simple moving average is $12.28.

Hedge Funds Weigh In On Oatly Group

A number of hedge funds and other institutional investors have recently made changes to their positions in OTLY. Portolan Capital Management LLC raised its stake in shares of 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 acquiring an additional 3,169,805 shares during the last quarter. Raiffeisen Bank International AG bought a new position in shares of Oatly Group in the 4th quarter worth $1,522,000. Intrinsic Edge Capital Management LLC bought a new stake in Oatly Group in the fourth quarter valued at about $1,259,000. Marshall Wace LLP lifted its stake 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 during the period. Finally, Green Alpha Advisors LLC grew its position in shares of Oatly Group by 5.9% during the 4th quarter. Green Alpha Advisors LLC now owns 686,776 shares of the company's stock worth $455,000 after buying an additional 38,363 shares during the period. 68.15% of the stock is owned by institutional investors.

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.