Oatly Group Sees Unusually High Options Volume (NASDAQ:OTLY)

Oatly Group AB (NASDAQ:OTLY) was the recipient of unusually large options trading on Friday. Stock investors acquired 5,337 put options on the stock. This is an increase of 335% compared to the average volume of 1,227 put options.

Oatly Group Price Performance

OTLY stock traded down $0.10 during trading on Friday, hitting $9.77. The company had a trading volume of 22,268 shares, compared to its average volume of 137,393. The business has a 50 day moving average of $10.34 and a 200 day moving average of $13.52. The firm has a market capitalization of $290.69 million, a price-to-earnings ratio of -1.44 and a beta of 1.97. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. Oatly Group has a fifty-two week low of $6.00 and a fifty-two week high of $26.80.

Institutional Trading of Oatly Group

A number of institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC raised its holdings in Oatly Group by 33.9% during the third quarter. Sanctuary Advisors LLC now owns 55,778 shares of the company’s stock worth $48,000 after purchasing an additional 14,116 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of 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 acquiring an additional 21,387 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Oatly Group during the fourth quarter valued at $41,000. Rhumbline Advisers boosted its position in shares of Oatly Group by 76.1% in the 4th quarter. Rhumbline Advisers now owns 63,477 shares of the company’s stock valued at $42,000 after purchasing an additional 27,428 shares during the period. Finally, Geode Capital Management LLC increased its stake in Oatly Group by 463.2% in the 4th quarter. Geode Capital Management LLC now owns 94,353 shares of the company’s stock worth $63,000 after purchasing an additional 77,600 shares in the last quarter. 68.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on OTLY. Barclays upped their price target on shares of Oatly Group from $1.00 to $10.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Mizuho decreased their target price on shares of Oatly Group from $40.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday. Finally, 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $19.75.

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.