Oatly Group (NASDAQ:OTLY) Shares Gap Up to $4.12

Oatly Group AB (NASDAQ:OTLYGet Rating)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at 4.12, but opened at 4.22. Oatly Group shares last traded at 4.06, with a volume of 14,723 shares trading hands.

A number of equities research analysts recently commented on OTLY shares. Piper Sandler decreased their target price on shares of Oatly Group from $14.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, March 10th. Credit Suisse Group decreased their price target on shares of Oatly Group from $13.00 to $10.00 and set an “outperform” rating for the company in a report on Thursday, March 10th. Guggenheim decreased their price target on shares of Oatly Group from $21.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, March 10th. Truist Financial decreased their price target on shares of Oatly Group from $15.00 to $10.00 in a report on Tuesday, March 22nd. Finally, Zacks Investment Research raised shares of Oatly Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of 14.78.

The company has a current ratio of 3.32, a quick ratio of 2.92 and a debt-to-equity ratio of 0.10. The firm’s fifty day simple moving average is 5.75 and its 200 day simple moving average is 8.41.

Oatly Group (NASDAQ:OTLYGet Rating) last posted its quarterly earnings results on Wednesday, March 9th. The company reported -0.13 EPS for the quarter, missing the consensus estimate of -0.11 by -0.02. Oatly Group had a negative return on equity of 19.92% and a negative net margin of 33.02%. The firm had revenue of 185.93 million for the quarter, compared to analyst estimates of 178.02 million. During the same quarter last year, the firm earned ($0.08) EPS. The company’s revenue was up 46.3% on a year-over-year basis. Equities analysts forecast that Oatly Group AB will post -0.49 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. TCTC Holdings LLC raised its position in Oatly Group by 126.9% in the 3rd quarter. TCTC Holdings LLC now owns 2,950 shares of the company’s stock valued at $45,000 after purchasing an additional 1,650 shares during the last quarter. Northern Oak Wealth Management Inc. purchased a new position in shares of Oatly Group in the 4th quarter valued at about $27,000. Signaturefd LLC purchased a new position in shares of Oatly Group in the 4th quarter valued at about $44,000. Focused Wealth Management Inc purchased a new position in shares of Oatly Group in the 4th quarter valued at about $48,000. Finally, Banque Cantonale Vaudoise increased its holdings in shares of Oatly Group by 373.6% in the 3rd quarter. Banque Cantonale Vaudoise now owns 6,157 shares of the company’s stock valued at $93,000 after purchasing an additional 4,857 shares in the last quarter. Hedge funds and other institutional investors own 21.94% of the company’s stock.

About Oatly Group (NASDAQ:OTLY)

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, and frozen desserts and novelties; ready-to-go drinks, such as cold brew latte, mocha latte, matcha latte, and mini oatmilk in original and chocolate flavors; and cooking products, including cooking cream, in regular and organic, crème fraiche, whipping cream, vanilla custard, and spreads in various flavors.

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