Oatly Group (NASDAQ:OTLY) Shares Gap Down - Here's Why

Oatly Group AB (NASDAQ:OTLY) experienced a decline in its share price at the start of the trading day on Tuesday. The stock, which closed the previous day at $9.90, opened lower at $9.60. As of the last trade, shares were priced at $9.30, with a trading volume of 87,099 shares.

Analyst Upgrades and Downgrades

Amidst these changes, Barclays has adjusted its price target for Oatly Group. The firm lowered the target from $40.00 to $20.00, while maintaining an "overweight" rating on the stock in a report released on February 14th. Analysis from MarketBeat.com indicates that two research analysts have assigned a hold rating to Oatly Group, whereas three have issued a buy rating. Currently, the stock has an average rating of "Moderate Buy" with a target price set at $24.00.

Oatly Group Stock Performance

Looking at the company's performance metrics, Oatly Group has a 50-day moving average of $12.49 and a 200-day moving average of $15.12. The company’s quick ratio stands at 0.44, while its current ratio is 0.56, and its debt-to-equity ratio is recorded at 1.39. With a market capitalization of $256.74 million, Oatly Group has a PE ratio of -1.27 and a beta of 1.96.

Institutional Trading of Oatly Group

Recent activity among institutional investors indicates a trend in portfolio adjustments regarding Oatly Group. Portolan Capital Management LLC increased its holdings by 66.8% in the fourth quarter, now owning 7,915,716 shares valued at $5,247,000 after acquiring an additional 3,169,805 shares. Additionally, Raiffeisen Bank International AG and Intrinsic Edge Capital Management LLC entered new positions worth $1,522,000 and $1,259,000 respectively during the same quarter. Furthermore, Marshall Wace LLP significantly increased its stake by 2,169.1%, owning 1,433,468 shares valued at $946,000. Notably, 68.15% of Oatly Group’s shares are currently held by institutional and hedge fund investors.

About Oatly Group

Oatly Group AB specializes in oat-based milk alternatives and offers a range of plant-based dairy products across various markets, including Europe, the Middle East, Africa, the Americas, and Asia. Their product line includes Barista edition oat milk, oat-based yogurts, frozen desserts, ice creams, cooking creams, and ready-to-drink beverages.

Investment Considerations

Before considering an investment in Oatly Group, it may be beneficial to look elsewhere. Despite holding a "Moderate Buy" rating, analysts have identified five stocks that may offer greater potential returns.

This report aims to provide readers with insights drawn from financial data and market analysis, assessing Oatly Group's current position and future prospects.

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