Investors Purchase Large Volume of Put Options on Oatly Group (NASDAQ:OTLY)

Oatly Group AB (NASDAQ:OTLY - Get Free Report) saw some unusual options trading on Friday. Stock traders acquired 5,337 put options on the stock. This is an increase of 335% compared to the typical volume of 1,227 put options.

Oatly Group Stock Down 1.3 %

Oatly Group stock traded down $0.13 during trading on Tuesday, reaching $9.70. The stock had a trading volume of 82,036 shares, compared to its average volume of 137,081. Oatly Group has a 52-week low of $6.00 and a 52-week high of $26.80. The business has a 50 day moving average price of $10.18 and a 200 day moving average price of $13.35. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39. The stock has a market cap of $288.60 million, a PE ratio of -1.43 and a beta of 1.97.

Wall Street Analysts Forecast Growth

OTLY has been the topic of several research reports. Barclays raised their price objective on shares of Oatly Group from $1.00 to $10.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Piper Sandler decreased 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. Finally, Mizuho cut their price objective on Oatly Group from $40.00 to $32.00 and set an "outperform" rating on the stock in a research report on Monday, March 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.75.

Remove Ads

Hedge Funds Weigh In On Oatly Group

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC lifted its holdings in Oatly Group by 134.8% during the 3rd quarter. Jane Street Group LLC now owns 143,256 shares of the company's stock worth $128,000 after buying an additional 82,242 shares during the last quarter. Green Alpha Advisors LLC raised 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 acquiring an additional 38,363 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Oatly Group during the third quarter worth approximately $85,000. Walleye Capital LLC acquired a new position in Oatly Group in the third quarter valued at approximately $98,000. Finally, Portolan Capital Management LLC increased its stake in Oatly Group by 8.3% in the third quarter. Portolan Capital Management LLC now owns 4,745,911 shares of the company's stock valued at $4,055,000 after purchasing an additional 361,832 shares during the last quarter. Institutional investors and hedge funds own 68.15% of the company's stock.

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.