Oatly Group (NASDAQ:OTLY) Price Target Cut to $16.00 by Analysts at Piper Sandler

Oatly Group (NASDAQ:OTLY) had its price target lowered by Piper Sandler from $40.00 to $16.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Separately, Barclays increased their target price on shares of Oatly Group from $1.00 to $10.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th.

Oatly Group Stock Up 0.9 %

OTLY stock opened at $8.89 on Wednesday. Oatly Group has a 12-month low of $6.00 and a 12-month high of $26.80. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39. The company has a market cap of $264.50 million, a price-to-earnings ratio of -1.31 and a beta of 1.97. The company has a 50 day moving average of $11.65 and a two-hundred day moving average of $14.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Advisers LP bought a new position in shares of Oatly Group during the 4th quarter valued at $41,000. Two Sigma Investments LP raised its holdings in shares of Oatly Group by 279.6% during the 4th quarter. Two Sigma Investments LP now owns 144,348 shares of the company’s stock valued at $96,000 after purchasing an additional 106,319 shares in the last quarter. Raiffeisen Bank International AG bought a new position in shares of Oatly Group during the 4th quarter valued at $1,522,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Oatly Group by 63.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 193,608 shares of the company’s stock valued at $128,000 after purchasing an additional 75,132 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Oatly Group by 52.5% in the 4th quarter. Jane Street Group LLC now owns 218,465 shares of the company’s stock worth $137,000 after acquiring an additional 75,209 shares during the period. Institutional investors own 68.15% of the company’s stock.

Oatly Group Company Profile

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.