Oatly Group (NASDAQ:OTLY) Trading Up 5.2%

Oatly Group AB (NASDAQ:OTLY) shares were up 5.2% during trading on Monday . The company traded as high as $1.06 and last traded at $1.03. Approximately 1,057,798 shares traded hands during trading, a decline of 42% from the average daily volume of 1,835,744 shares. The stock had previously closed at $0.97.

Wall Street Analyst Weigh In

A number of research analysts recently commented on OTLY shares. Royal Bank of Canada restated a “sector perform” rating and set a $1.05 price objective on shares of Oatly Group in a research note on Thursday. BNP Paribas upgraded Oatly Group from a “neutral” rating to an “outperform” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Oatly Group currently has an average rating of “Moderate Buy” and an average target price of $2.11.

Oatly Group Stock Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 0.68 and a quick ratio of 0.53. The firm has a market cap of $586.13 million, a price-to-earnings ratio of -1.28 and a beta of 2.11. The company has a fifty day moving average price of $1.01 and a two-hundred day moving average price of $1.07.

Oatly Group (NASDAQ:OTLY) last announced its quarterly earnings data on Tuesday, April 30th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01. The business had revenue of $199.16 million during the quarter, compared to analyst estimates of $198.43 million. Oatly Group had a negative return on equity of 35.74% and a negative net margin of 41.71%. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. As a group, equities research analysts expect that Oatly Group AB will post -0.27 EPS for the current year.

Institutional Trading of Oatly Group

Several institutional investors have recently modified their holdings of OTLY. SG Americas Securities LLC lifted its holdings in shares of Oatly Group by 150.7% during 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. Performa Ltd US LLC lifted its holdings in shares of Oatly Group by 17.1% during the fourth quarter. Performa Ltd US LLC now owns 105,500 shares of the company’s stock valued at $124,000 after purchasing an additional 15,440 shares during the last quarter. Independent Advisor Alliance purchased a new stake in shares of Oatly Group during the fourth quarter valued at $28,000. BNP Paribas Asset Management Holding S.A. lifted its holdings 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 during the last quarter. Finally, IPG Investment Advisors LLC lifted its holdings in shares of Oatly Group by 11.0% during the fourth quarter. IPG Investment Advisors LLC now owns 503,000 shares of the company’s stock valued at $594,000 after purchasing an additional 50,000 shares during the last quarter. Institutional investors and hedge funds 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.