Oatly Group (NASDAQ:OTLY) Price Target Lowered to $12.00 at Piper Sandler

Oatly Group (NASDAQ:OTLY) had its price objective cut by analysts at Piper Sandler from $16.00 to $12.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 11.73% from the stock’s current price.

A number of other research firms have also recently commented on OTLY. Mizuho set a $24.00 target price on shares of Oatly Group in a research note on Monday. Barclays lifted their price objective on Oatly Group from $1.00 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.75.

Oatly Group Stock Performance

NASDAQ OTLY opened at $10.74 on Thursday. The stock has a market capitalization of $321.43 million, a price-to-earnings ratio of -1.58 and a beta of 1.89. The stock has a 50-day moving average of $9.32 and a 200 day moving average of $11.95. 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.

Oatly Group (NASDAQ:OTLY) last announced its earnings results on Wednesday, April 30th. The company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.96) by $0.45. Oatly Group had a negative return on equity of 70.33% and a negative net margin of 24.52%. The business had revenue of $197.53 million during the quarter, compared to the consensus estimate of $199.97 million. Sell-side analysts anticipate that Oatly Group will post -3.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Oatly Group

A number of institutional investors and hedge funds have recently bought and sold shares of OTLY. Jane Street Group LLC lifted its stake in Oatly Group by 134.8% in the 3rd quarter. Jane Street Group LLC now owns 143,256 shares of the company’s stock worth $128,000 after purchasing an additional 82,242 shares in the last quarter. Green Alpha Advisors LLC increased its holdings in shares of Oatly Group by 5.9% in the fourth quarter. Green Alpha Advisors LLC now owns 686,776 shares of the company’s stock valued at $455,000 after purchasing an additional 38,363 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Oatly Group by 60.6% in the fourth quarter. Van ECK Associates Corp now owns 56,689 shares of the company’s stock valued at $38,000 after purchasing an additional 21,387 shares during the last quarter. Rhumbline Advisers lifted its position in Oatly Group by 76.1% during the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company’s stock worth $42,000 after buying an additional 27,428 shares in the last quarter. Finally, Performa Ltd US LLC boosted its stake in Oatly Group by 36.8% during the fourth quarter. Performa Ltd US LLC now owns 145,000 shares of the company’s stock worth $96,000 after buying an additional 39,000 shares during the last quarter. 68.15% of the stock is currently owned by institutional investors and hedge funds.

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.