Oatly Group (NASDAQ:OTLY) Shares Gap Up to $1.07

Shares of Oatly Group AB (NASDAQ:OTLYGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $1.07, but opened at $1.10. Oatly Group shares last traded at $1.07, with a volume of 58,920 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on OTLY shares. Royal Bank of Canada increased their price objective on Oatly Group from $0.63 to $1.05 and gave the stock a “sector perform” rating in a research report on Friday, February 16th. Morgan Stanley reiterated an “equal weight” rating and set a $1.25 price objective on shares of Oatly Group in a research report on Tuesday, February 20th. Finally, DA Davidson started coverage on Oatly Group in a research report on Friday, March 1st. They set a “buy” rating and a $1.50 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $2.11.

Get Our Latest Stock Analysis on OTLY

Oatly Group Stock Up 1.4 %

The company has a debt-to-equity ratio of 0.56, a current ratio of 0.83 and a quick ratio of 0.71. The company has a market cap of $645.64 million, a P/E ratio of -1.26 and a beta of 2.29. The stock has a 50-day moving average of $1.11 and a 200 day moving average of $0.98.

Oatly Group (NASDAQ:OTLYGet Free Report) last released its earnings results on Thursday, February 15th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). Oatly Group had a negative net margin of 53.22% and a negative return on equity of 37.94%. The business had revenue of $204.12 million during the quarter, compared to the consensus estimate of $191.80 million. Research analysts anticipate that Oatly Group AB will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its position in Oatly Group by 21.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,963,225 shares of the company’s stock valued at $15,201,000 after acquiring an additional 2,986,805 shares during the last quarter. BNP Paribas Asset Management Holding S.A. boosted its stake in shares of Oatly Group by 72.0% during the fourth quarter. BNP Paribas Asset Management Holding S.A. now owns 6,024,369 shares of the company’s stock valued at $7,109,000 after purchasing an additional 2,521,847 shares in the last quarter. FMR LLC boosted its stake in shares of Oatly Group by 22.9% during the second quarter. FMR LLC now owns 5,737,705 shares of the company’s stock valued at $19,852,000 after purchasing an additional 1,068,922 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Oatly Group by 56.0% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,502,522 shares of the company’s stock valued at $3,139,000 after purchasing an additional 1,257,812 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Oatly Group by 1,099.9% during the first quarter. Goldman Sachs Group Inc. now owns 3,419,290 shares of the company’s stock valued at $17,130,000 after purchasing an additional 3,134,320 shares in the last quarter. Institutional investors own 68.15% of the company’s stock.

Oatly Group Company Profile

(Get Free Report)

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden. 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.

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