Oatly Group (NASDAQ:OTLY) Price Target Lowered to $16.00 at Piper Sandler

Oatly Group (NASDAQ:OTLY) had its price objective decreased by Piper Sandler from $40.00 to $16.00 in a research note published on Wednesday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Separately, Barclays raised their target price on shares of Oatly Group from $1.00 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th.

Oatly Group Trading Up 0.9 %

Shares of NASDAQ:OTLY opened at $8.89 on Wednesday. The stock has a market capitalization of $264.50 million, a price-to-earnings ratio of -1.31 and a beta of 1.97. Oatly Group has a 1-year low of $6.00 and a 1-year high of $26.80. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.56. The company has a 50 day moving average price of $11.65 and a 200 day moving average price of $14.46.

Hedge Funds Weigh In On Oatly Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OTLY. Van ECK Associates Corp boosted its stake in Oatly Group by 60.6% in the 4th quarter. Van ECK Associates Corp now owns 56,689 shares of the company’s stock worth $38,000 after purchasing an additional 21,387 shares during the period. Two Sigma Advisers LP acquired a new position in Oatly Group in the 4th quarter worth approximately $41,000. Rhumbline Advisers boosted its stake in Oatly Group by 76.1% in the 4th quarter. Rhumbline Advisers now owns 63,477 shares of the company’s stock worth $42,000 after purchasing an additional 27,428 shares during the period. Sanctuary Advisors LLC boosted its stake in Oatly Group by 33.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 55,778 shares of the company’s stock worth $48,000 after purchasing an additional 14,116 shares during the period. Finally, Privium Fund Management B.V. acquired a new position in Oatly Group in the 3rd quarter worth approximately $60,000. Institutional investors and hedge funds 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.