Oatly Group (NASDAQ:OTLY) Upgraded at Barclays

Barclays upgraded shares of Oatly Group (NASDAQ:OTLY - Free Report) to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

Other research analysts also recently issued research reports about the company. BNP Paribas upgraded Oatly Group from a "neutral" rating to an "outperform" rating in a report on Thursday, July 25th. Royal Bank of Canada reissued a "sector perform" rating and set a $1.05 price objective on shares of Oatly Group in a report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Oatly Group currently has an average rating of "Moderate Buy" and an average price target of $1.27.

Oatly Group Trading Down 6.6 %

Shares of NASDAQ:OTLY traded down $0.05 during trading on Monday, hitting $0.65. The company's stock had a trading volume of 6,581,628 shares, compared to its average volume of 1,930,634. Oatly Group has a fifty-two week low of $0.51 and a fifty-two week high of $1.40. The business has a 50 day moving average price of $0.85 and a two-hundred day moving average price of $0.96. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.47 and a current ratio of 0.62.

Oatly Group (NASDAQ:OTLY - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $208.00 million during the quarter, compared to analysts' expectations of $207.87 million. Oatly Group had a negative return on equity of 76.54% and a negative net margin of 50.33%. During the same period in the previous year, the firm posted ($0.07) EPS. On average, sell-side analysts forecast that Oatly Group will post -0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Oatly Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OTLY. Shikiar Asset Management Inc. purchased a new position in shares of Oatly Group during the third quarter worth about $999,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Oatly Group by 144.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,038 shares of the company's stock valued at $227,000 after purchasing an additional 118,886 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Oatly Group by 14.5% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,603,043 shares of the company's stock valued at $6,207,000 after purchasing an additional 834,947 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Oatly Group during the second quarter worth approximately $75,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Oatly Group by 2.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,342,744 shares of the company's stock worth $6,902,000 after purchasing an additional 188,512 shares during the period. Hedge funds and other institutional investors 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.