Oatly Group AB Sponsored ADR (NASDAQ:OTLY) Given Average Recommendation of “Hold” by Analysts

Oatly Group AB Sponsored ADR (NASDAQ:OTLY) has been assigned an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $14.6375.

A number of analysts have issued reports on OTLY shares. Morgan Stanley set a $12.55 price target on Oatly Group in a research note on Thursday, April 30th. Barclays set a $14.00 price target on Oatly Group and gave the stock an “overweight” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Oatly Group in a research note on Friday, March 27th.

Oatly Group Stock Down 0.5%

Shares of NASDAQ:OTLY opened at $10.00 on Friday. The stock’s 50-day moving average price is $10.90 and its two-hundred day moving average price is $11.35. The company has a current ratio of 0.45, a quick ratio of 0.32 and a debt-to-equity ratio of 43.43. Oatly Group has a 12-month low of $9.40 and a 12-month high of $18.84. The firm has a market cap of $312.30 million, a price-to-earnings ratio of -2.00 and a beta of 1.89.

Oatly Group (NASDAQ:OTLY) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.90) by $0.52. Oatly Group had a negative return on equity of 432.75% and a negative net margin of 17.06%.The firm had revenue of $228.33 million for the quarter, compared to analyst estimates of $214.61 million. On average, research analysts forecast that Oatly Group will post -2.77 EPS for the current year.

Hedge Funds Weigh In On Oatly Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG lifted its stake in shares of Oatly Group by 1.5% in the 3rd quarter. UBS Group AG now owns 646,591 shares of the company’s stock valued at $10,475,000 after purchasing an additional 9,620 shares in the last quarter. Credit Agricole S A acquired a new position in shares of Oatly Group in the 3rd quarter valued at about $2,098,000. Renaissance Technologies LLC lifted its stake in shares of Oatly Group by 74.5% in the 1st quarter. Renaissance Technologies LLC now owns 51,513 shares of the company’s stock valued at $522,000 after purchasing an additional 22,000 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Oatly Group by 80.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 27,481 shares of the company’s stock valued at $294,000 after acquiring an additional 12,249 shares in the last quarter. Finally, R Squared Ltd lifted its holdings in shares of Oatly Group by 77.1% during the 1st quarter. R Squared Ltd now owns 25,609 shares of the company’s stock valued at $260,000 after acquiring an additional 11,145 shares in the last quarter. 68.15% of the stock is owned by institutional investors and hedge funds.

Oatly Group Company Profile

Oatly Group is a Sweden-based food and beverage company specializing in the development, production and sale of oat-derived dairy alternatives. The company’s product lineup includes oat-based drinks, ice cream, yogurts, spreads and cooking creams, all marketed under the Oatly brand name. By leveraging proprietary processing technology, Oatly extracts the nutritional benefits of oats—such as soluble fiber and plant protein—while delivering taste and texture profiles that closely mimic traditional dairy products.

Founded in 1994 as a spin-off from research at Lund University, Oatly initially focused on exploiting the health and functional benefits of oat beta-glucans.