Oatly Group AB (NASDAQ:OTLY – Get Rating)’s stock price dropped 7.4% during mid-day trading on Monday after Cowen lowered their price target on the stock from $5.00 to $3.00. The company traded as low as 1.81 and last traded at 1.81. Approximately 112,077 shares traded hands during trading, a decline of 97% from the average daily volume of 3,901,434 shares. The stock had previously closed at 1.95.
OTLY has been the subject of a number of other reports. Mizuho lowered their target price on Oatly Group from $3.50 to $2.50 and set a “neutral” rating for the company in a report on Wednesday, November 16th. Credit Suisse Group lowered their target price on Oatly Group from $3.43 to $3.30 and set a “neutral” rating for the company in a report on Tuesday, November 15th. Barclays lowered their target price on Oatly Group from $6.00 to $5.00 in a report on Wednesday, August 3rd. Piper Sandler lowered their target price on Oatly Group from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, August 3rd. Finally, Royal Bank of Canada lowered their target price on Oatly Group from $8.00 to $7.00 in a report on Wednesday, November 16th. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of 8.08.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of OTLY. Montag A & Associates Inc. increased its holdings in shares of Oatly Group by 3,034.7% in the second quarter. Montag A & Associates Inc. now owns 9,404 shares of the company’s stock valued at $33,000 after purchasing an additional 9,104 shares during the period. OLD Mission Capital LLC acquired a new position in shares of Oatly Group in the second quarter valued at approximately $41,000. Kistler Tiffany Companies LLC increased its holdings in shares of Oatly Group by 257.6% in the second quarter. Kistler Tiffany Companies LLC now owns 13,081 shares of the company’s stock valued at $45,000 after purchasing an additional 9,423 shares during the period. M&T Bank Corp acquired a new position in shares of Oatly Group in the second quarter valued at approximately $52,000. Finally, HighTower Trust Company N.A. purchased a new stake in shares of Oatly Group in the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 22.65% of the company’s stock.
Oatly Group Stock Performance
The company has a debt-to-equity ratio of 0.14, a current ratio of 1.56 and a quick ratio of 1.18. The stock has a market capitalization of $1.07 billion, a PE ratio of -3.36 and a beta of 0.69. The stock has a 50 day moving average of 2.40 and a two-hundred day moving average of 3.24.
Oatly Group Company Profile
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; ready-to-go drinks, such as cold brew latte, mocha latte, matcha latte, and mini oat drink in original and chocolate flavors; and cooking products, including Cooking Cream, in regular and organic, Crème Fraiche, Whipping Cream, Vanilla Custard and Spreads in a variety of flavors.