Oatly Group (NASDAQ:OTLY) Shares Down 1.7% – Here’s What Happened

Oatly Group AB Sponsored ADR (NASDAQ:OTLY)’s share price was down 1.7% during trading on Wednesday . The stock traded as low as $11.20 and last traded at $11.20. Approximately 27,369 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 78,596 shares. The stock had previously closed at $11.39.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. DA Davidson set a $14.00 target price on Oatly Group and gave the stock a “buy” rating in a research report on Friday, November 21st. Morgan Stanley set a $14.50 price target on Oatly Group in a research note on Tuesday, February 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of Oatly Group in a report on Monday, December 29th. Zacks Research raised shares of Oatly Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 17th. Finally, Barclays set a $15.00 target price on shares of Oatly Group and gave the stock an “overweight” rating in a research report on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Oatly Group has a consensus rating of “Hold” and an average price target of $14.70.

Oatly Group Stock Down 1.7%

The stock has a fifty day simple moving average of $11.44 and a two-hundred day simple moving average of $13.61. The firm has a market cap of $349.78 million, a PE ratio of -2.18 and a beta of 1.95. The company has a current ratio of 0.48, a quick ratio of 0.35 and a debt-to-equity ratio of 10.55.

Oatly Group (NASDAQ:OTLY) last announced its quarterly earnings results on Wednesday, February 11th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.07). The firm had revenue of $233.78 million during the quarter, compared to analysts’ expectations of $216.05 million. Oatly Group had a negative return on equity of 236.71% and a negative net margin of 17.71%. As a group, sell-side analysts expect that Oatly Group AB Sponsored ADR will post -3.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Oatly Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new stake in Oatly Group during the first quarter valued at $133,000. Geode Capital Management LLC bought a new stake in shares of Oatly Group during the 2nd quarter valued at about $151,000. Quadrature Capital Ltd purchased a new position in shares of Oatly Group during the second quarter worth about $120,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Oatly Group by 9.5% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,130 shares of the company’s stock worth $215,000 after purchasing an additional 1,568 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Oatly Group by 62.2% in the third quarter. GAMMA Investing LLC now owns 5,194 shares of the company’s stock valued at $84,000 after purchasing an additional 1,991 shares in the last quarter. Hedge funds and other institutional investors own 68.15% of the company’s stock.

About Oatly Group

Oatly Group is a Sweden-based food and beverage company specializing in the development, production and sale of oat-derived dairy alternatives. The company’s product lineup includes oat-based drinks, ice cream, yogurts, spreads and cooking creams, all marketed under the Oatly brand name. By leveraging proprietary processing technology, Oatly extracts the nutritional benefits of oats—such as soluble fiber and plant protein—while delivering taste and texture profiles that closely mimic traditional dairy products.

Founded in 1994 as a spin-off from research at Lund University, Oatly initially focused on exploiting the health and functional benefits of oat beta-glucans.