Skip to Content

After an analyst upgrade, Oatly Group (NASDAQ:OTLY) shares surge.

After an analyst upgrade, Oatly Group (NASDAQ:OTLY) shares surge.

Piper Sandler increased their price objective for Oatly Group AB (NASDAQ: OTLY) from $3.00 to $4.00, which led to an increase in the stock’s price before the opening of trade on Wednesday. Despite having begun at 2.80, the stock share price settled at 2.70 at the end of the trading day. Piper Sandler has currently assigned an overweight rating to the company’s stock. Oatly Group shares were traded 16,870 times during the previous transaction, which took place for $2.79 per share.

In addition, several research experts have weighed in with their opinions regarding the company. Cowen decreased their target price on Oatly Group from $5.00 to $3.00 in a research report published on Monday, November 21st. This move reflected their lower expectations for the company’s performance. Cowen decreased their target price on Oatly Group from $5.00 to $3.00 in a research report published on Monday, November 21st. This move reflected their lower expectations for the company’s performance. In a research note published on November 16th, Mizuho lowered both their “neutral” rating and their target price for Oatly Group, which had previously been set at $3.50, to $2.50. This was done about the company’s stock. In a report made public on November 15th, Credit Suisse Group announced that the price target they had established for Oatly Group had been lowered. The previous price target of $3.43 has been reduced to $3.30, and a “neutral” rating has been assigned to the company. Finally, in a research report published on November 16th, the Royal Bank of Canada decreased its price objective on Oatly Group from $8 to $7, reflecting the bank’s shift in sentiment toward the company. While two research experts recommend that investors keep their current position with the stock, four research analysts have rated the stock as a buy. According to information from Bloomberg, the stock is currently rated as having a “Moderate Buy” average recommendation and a price target of $6.62.

Several hedge funds recently modified the amount of OTLY stock they held in their portfolios. Envestnet Asset Management Inc. increased the amount of Oatly Group stock owned by 14.4% during the year’s first three months. Envestnet Asset Management Inc. now has 56,467 shares of the company’s stock following the purchase of an additional 7,103 in the most recent quarter. The value of the company’s stock held by Envestnet Asset Management Inc. is $283,000. Raymond James Financial Services Advisors Inc. increased the amount of Oatly Group stock owned by 7.1% during the first three months of 2018. Raymond James Financial Services Advisors Inc. presently holds a total of 117,589 of the company’s shares, which is equivalent to a market value of $589,000. During the period in question, an additional 7,823 shares were purchased, which enabled the desired result to be realized. Cambridge Investment Research Advisors Inc. purchased a new investment in Oatly Group for close to $55,000 during the year’s first three months. Integrated Wealth Concepts LLC increased its position in Oatly Group during the first quarter by purchasing additional shares for approximately $55,000. This allowed the firm to maintain its overweight position. And finally, during the first three months of 2018, BlackRock Inc. increased the amount of Oatly Group stock owned by 31.1%, bringing its total ownership percentage to 100%. BlackRock Inc. now has a total of 63,066 shares of the company’s stock following the purchase of an additional 14,969 shares during the most recent period. These 63,066 shares are currently valued at $316,000 for the company. BlackRock Inc. Institutional investors hold ownership of the company’s stock, amounting to 20.51% of the total.

Currently, the debt-to-equity ratio stands at 0.14; the current ratio comes in at 1.56; the quick ratio hits 1.18, and so on. The moving average for the stock over the past 50 days is 1.76, and the moving average over the past 200 days is 2.69.

On Monday, November 14th, the most recent financial results for Oatly Group (NASDAQ: OTLY) were made public for all to see. The company reported quarterly earnings per share (EPS) of -0.18, which was -0.07 points worse than the consensus prediction of -0.11 among financial analysts. EPS stands for earnings per share. The return on equity for Oatly Group was negative by a margin of 32.36%, and the company’s net margin was negative by 48.68%. The company’s quarterly revenue came in at 183.03 million dollars, significantly lower than the industry analysts’ forecast of 209.10 million dollars. Compared to the previous year’s results during the same period, the company incurred a loss of $0.07 in revenue per share. Sell-side analysts anticipate that Oatly Group AB will generate a loss of $0.56 per share during the current fiscal year.

Oatly Group AB, founded in Sweden, is in the business of selling dairy products derived from plants containing oats. These items are marketed under the brand name Oatly. It offers ready-to-drink beverages such as cold brew lattes, mocha lattes, and matcha lattes, as well as mini oat drinks in original and chocolate flavors. In addition, it sells a variety of cooking supplies, including cooking cream (both regular and organic), crème Fraiche, whipping cream, vanilla custard, and spreads in a wide variety of flavors. Here, you can also buy frozen desserts, ice creams, yogurts, and Barista Edition oat milk and yogurt.

Leave a comment

Your email address will not be published. Required fields are marked *