Oatly Group AB Sponsored ADR (NASDAQ:OTLY) Receives Consensus Recommendation of “Hold” from Brokerages

Oatly Group AB Sponsored ADR (NASDAQ:OTLY) has been given an average recommendation of “Hold” by the six brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $14.6375.

Several analysts have recently weighed in on OTLY shares. Barclays set a $14.00 price target on shares of Oatly Group and gave the company an “overweight” rating in a research note on Tuesday, April 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Oatly Group in a research note on Friday, March 27th. Finally, Morgan Stanley set a $12.55 price target on shares of Oatly Group in a research note on Thursday, April 30th.

Oatly Group Stock Performance

Oatly Group stock opened at $8.30 on Tuesday. The company has a 50 day moving average price of $10.59 and a 200-day moving average price of $11.00. The company has a debt-to-equity ratio of 43.43, a quick ratio of 0.32 and a current ratio of 0.45. Oatly Group has a fifty-two week low of $8.08 and a fifty-two week high of $18.84. The company has a market capitalization of $259.21 million, a PE ratio of -1.66 and a beta of 1.86.

Oatly Group (NASDAQ:OTLY) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.90) by $0.52. Oatly Group had a negative net margin of 17.06% and a negative return on equity of 432.75%. The firm had revenue of $228.33 million during the quarter, compared to the consensus estimate of $214.61 million. As a group, equities analysts forecast that Oatly Group will post -2.77 earnings per share for the current year.

Insider Activity at Oatly Group

In related news, SVP Simon Kenneth James Broadbent sold 7,820 shares of Oatly Group stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $8.95, for a total transaction of $69,989.00. Following the transaction, the senior vice president directly owned 62,845 shares of the company’s stock, valued at $562,462.75. This trade represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Martin Fredrik Lind sold 2,968 shares of Oatly Group stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $8.96, for a total transaction of $26,593.28. Following the transaction, the insider directly owned 18,088 shares in the company, valued at approximately $162,068.48. The trade was a 14.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 12,722 shares of company stock worth $113,872. 1.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oatly Group

Several institutional investors have recently bought and sold shares of OTLY. Credit Agricole S A purchased a new position in Oatly Group during the third quarter valued at approximately $2,098,000. Renaissance Technologies LLC purchased a new position in Oatly Group during the fourth quarter valued at approximately $315,000. Millennium Management LLC purchased a new position in Oatly Group during the fourth quarter valued at approximately $252,000. R Squared Ltd purchased a new position in Oatly Group during the fourth quarter valued at approximately $155,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Oatly Group during the first quarter valued at approximately $133,000. 68.15% of the stock is owned by hedge funds and other institutional investors.

Oatly Group Company Profile

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.