Oatly Group (NASDAQ:OTLY) Stock Gets Price Target Cut from BNP Paribas Exane

Oatly Group (NASDAQ:OTLY) had its target price decreased by BNP Paribas Exane from $22.00 to $17.00 in a research report report published on Thursday morning,Benzinga reports. BNP Paribas Exane currently has an outperform rating on the stock.

OTLY has been the topic of a number of other research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Oatly Group in a research report on Monday, September 21st. Barclays reissued an “overweight” rating and issued a $10.00 price target (down from $13.00) on shares of Oatly Group in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Oatly Group currently has an average rating of “Moderate Buy” and an average price target of $14.31.

Oatly Group Price Performance

Shares of Oatly Group stock opened at $7.75 on Thursday. The firm has a market cap of $247.30 million, a PE ratio of -2.73 and a beta of 1.81. Oatly Group has a twelve month low of $7.38 and a twelve month high of $16.20. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 43.43. The business has a 50-day moving average price of $12.19 and a 200 day moving average price of $11.31.

Oatly Group (NASDAQ:OTLY) last issued its quarterly earnings results on Wednesday, October 28th. The company reported ($0.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.81) by ($0.05). Oatly Group had a negative return on equity of 37,610.93% and a negative net margin of 9.51%. The business had revenue of $243.05 million for the quarter, compared to analysts’ expectations of $241.75 million. Sell-side analysts predict that Oatly Group will post -2.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Performa Ltd US LLC boosted its holdings in Oatly Group by 12.9% in the 2nd quarter. Performa Ltd US LLC now owns 11,400 shares of the company’s stock worth $107,000 after buying an additional 1,300 shares during the last quarter. R Squared Ltd raised its holdings in shares of Oatly Group by 77.1% during the first 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 during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Oatly Group by 74.5% during the first quarter. Renaissance Technologies LLC now owns 51,513 shares of the company’s stock valued at $522,000 after acquiring an additional 22,000 shares during the last quarter. Maven Securities LTD purchased a new position in shares of Oatly Group in the second quarter valued at approximately $426,000. Finally, Tidal Investments LLC purchased a new position in shares of Oatly Group in the second quarter valued at approximately $518,000. 68.15% of the stock is owned by hedge funds and other institutional investors.

About Oatly Group

Oatly Group AB is a Sweden-based food and beverage company focused on developing, producing and selling oat-based alternatives to dairy products. Its portfolio includes oat drinks, barista beverages, yogurt-style products, cooking creams, spreads, ice cream and other oat-based foods and beverages.

The company was founded in the 1990s in Sweden, based on research into the nutritional and functional properties of oats. Oatly markets its products under the Oatly brand and emphasizes plant-based nutrition, sustainability and the use of oats as an alternative to dairy ingredients.

Oatly sells its products through grocery retailers, foodservice operators, cafés and e-commerce channels across Europe, North America and parts of Asia.