Oatly Group (NASDAQ:OTLY) Given New $32.00 Price Target at Mizuho

Oatly Group (NASDAQ:OTLY) had its target price reduced by Mizuho from $40.00 to $32.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages also recently weighed in on OTLY. Piper Sandler cut their price target on Oatly Group from $40.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Barclays upped their target price on shares of Oatly Group from $1.00 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.75.

Oatly Group Stock Performance

Shares of OTLY stock opened at $9.76 on Monday. Oatly Group has a 52 week low of $6.00 and a 52 week high of $26.80. The firm has a 50 day moving average of $10.41 and a two-hundred day moving average of $13.54. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $290.39 million, a PE ratio of -1.44 and a beta of 1.97.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Portolan Capital Management LLC raised its stake in Oatly Group by 66.8% during the 4th quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company’s stock worth $5,247,000 after acquiring an additional 3,169,805 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of 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 purchasing an additional 1,292,592 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Oatly Group by 4.9% in 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 during the period. Raiffeisen Bank International AG purchased a new position in Oatly Group during the 4th quarter worth approximately $1,522,000. Finally, Intrinsic Edge Capital Management LLC acquired a new position in Oatly Group during the fourth quarter worth approximately $1,259,000. Hedge funds and other institutional investors own 68.15% of the company’s stock.

Oatly Group Company Profile

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.