Barclays Upgrades Oatly Group (NASDAQ:OTLY) to “Strong-Buy”

Oatly Group (NASDAQ:OTLY) was upgraded by analysts at Barclays to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research analysts also recently commented on OTLY. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $1.05 price objective on shares of Oatly Group in a report on Thursday, July 25th. BNP Paribas raised Oatly Group from a “neutral” rating to an “outperform” rating in a report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1.27.

Oatly Group Stock Performance

NASDAQ:OTLY opened at $0.69 on Monday. The company has a market capitalization of $410.89 million, a P/E ratio of -1.00 and a beta of 2.09. The business has a fifty day simple moving average of $0.85 and a two-hundred day simple moving average of $0.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.62 and a quick ratio of 0.47. Oatly Group has a 1 year low of $0.50 and a 1 year high of $1.40.

Oatly Group (NASDAQ:OTLY) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $208.00 million during the quarter, compared to analyst estimates of $207.87 million. Oatly Group had a negative return on equity of 76.54% and a negative net margin of 50.33%. During the same quarter last year, the firm posted ($0.07) EPS. On average, analysts expect that Oatly Group will post -0.25 earnings per share for the current year.

Institutional Trading of Oatly Group

A number of hedge funds and other institutional investors have recently bought and sold shares of OTLY. Massachusetts Financial Services Co. MA grew its position in shares of Oatly Group by 4.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,701,722 shares of the company’s stock valued at $6,580,000 after purchasing an additional 358,978 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Oatly Group by 19.6% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,895,635 shares of the company’s stock worth $6,746,000 after buying an additional 1,292,592 shares in the last quarter. GSA Capital Partners LLP increased its stake in Oatly Group by 3.6% in the 3rd quarter. GSA Capital Partners LLP now owns 2,264,754 shares of the company’s stock worth $1,935,000 after acquiring an additional 78,831 shares during the last quarter. Privium Fund Management B.V. purchased a new stake in shares of Oatly Group in the 3rd quarter valued at about $60,000. Finally, Shikiar Asset Management Inc. bought a new stake in shares of Oatly Group during the 3rd quarter valued at about $999,000. 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.