Oatly Group (NASDAQ:OTLY) Shares Gap Up to $1.24 (2024)

Shares of Oatly Group AB (NASDAQ:OTLY - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $1.24, but opened at $1.28. Oatly Group shares last traded at $1.24, with a volume of 162,297 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on OTLY shares. Morgan Stanley restated an "equal weight" rating and set a $1.25 target price on shares of Oatly Group in a research report on Tuesday, February 20th. Royal Bank of Canada boosted their target price on shares of Oatly Group from $0.63 to $1.05 and gave the company a "sector perform" rating in a research report on Friday, February 16th. Finally, DA Davidson started coverage on shares of Oatly Group in a report on Friday, March 1st. They issued a "buy" rating and a $1.50 price target for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $2.11.

View Our Latest Research Report on OTLY

Oatly Group Trading Up 0.8 %

The company has a quick ratio of 0.61, a current ratio of 0.75 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $743.83 million, a P/E ratio of -1.56 and a beta of 2.19. The firm's 50-day moving average price is $1.07 and its 200 day moving average price is $1.05.

Oatly Group (NASDAQ:OTLY - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. The firm had revenue of $199.16 million during the quarter, compared to the consensus estimate of $198.43 million. Oatly Group had a negative return on equity of 41.06% and a negative net margin of 49.19%. During the same period in the prior year, the business posted ($0.13) earnings per share. As a group, equities research analysts predict that Oatly Group AB will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Oatly Group

A number of hedge funds have recently bought and sold shares of OTLY. Massachusetts Financial Services Co. MA lifted its position in shares of Oatly Group by 21.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 16,963,225 shares of the company's stock valued at $15,201,000 after purchasing an additional 2,986,805 shares in the last quarter. BNP Paribas Asset Management Holding S.A. boosted its stake in shares of Oatly Group by 72.0% in the 4th quarter. BNP Paribas Asset Management Holding S.A. now owns 6,024,369 shares of the company's stock worth $7,109,000 after buying an additional 2,521,847 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Oatly Group by 56.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,502,522 shares of the company's stock valued at $3,139,000 after acquiring an additional 1,257,812 shares in the last quarter. CastleKnight Management LP increased its position in shares of Oatly Group by 430.8% during the fourth quarter. CastleKnight Management LP now owns 1,527,700 shares of the company's stock valued at $1,803,000 after acquiring an additional 1,239,874 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Oatly Group during the first quarter worth $998,000. 68.15% of the stock is owned by hedge funds and other institutional investors.

Oatly Group Company Profile

(Get Free Report)

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.

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