Oatly Group (NASDAQ:OTLY) Rating Reiterated by Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of Oatly Group (NASDAQ:OTLY) in a research report report published on Thursday, Benzinga reports. Royal Bank of Canada currently has a $1.05 price objective on the stock.

Separately, BNP Paribas raised shares of Oatly Group from a neutral rating to an outperform rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $2.11.

Oatly Group Stock Performance

OTLY opened at $0.95 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.75. Oatly Group has a 1-year low of $0.44 and a 1-year high of $2.23. The firm has a 50-day moving average price of $1.02 and a two-hundred day moving average price of $1.08.

Oatly Group (NASDAQ:OTLY) last issued its earnings results on Tuesday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. The company had revenue of $199.16 million for the quarter, compared to analyst estimates of $198.43 million. Oatly Group had a negative net margin of 41.71% and a negative return on equity of 32.29%. During the same quarter last year, the firm earned ($0.13) EPS. As a group, analysts expect that Oatly Group will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Performa Ltd US LLC lifted its stake in Oatly Group by 17.1% in the fourth quarter. Performa Ltd US LLC now owns 105,500 shares of the company’s stock valued at $124,000 after buying an additional 15,440 shares in the last quarter. Independent Advisor Alliance acquired a new stake in shares of Oatly Group in the fourth quarter valued at approximately $28,000. Tower Research Capital LLC TRC acquired a new stake in shares of Oatly Group in the fourth quarter valued at approximately $32,000. Quadrature Capital Ltd acquired a new stake in shares of Oatly Group in the fourth quarter valued at approximately $44,000. Finally, SG Americas Securities LLC raised its holdings in shares of Oatly Group by 150.7% in the fourth quarter. SG Americas Securities LLC now owns 67,489 shares of the company’s stock valued at $80,000 after purchasing an additional 40,566 shares during the last quarter. Institutional investors own 68.15% of the company’s stock.

About Oatly Group

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.