Mizuho Lowers Oatly Group (NASDAQ:OTLY) Price Target to $32.00

Oatly Group (NASDAQ:OTLY) had its target price lowered by research analysts at Mizuho from $40.00 to $32.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price target indicates a potential upside of 224.87% from the company’s previous close.

OTLY has been the subject of several other research reports. Barclays increased their price objective on shares of Oatly Group from $1.00 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Piper Sandler dropped their price target on Oatly Group from $40.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Oatly Group currently has an average rating of “Moderate Buy” and a consensus target price of $19.75.

Oatly Group Price Performance

OTLY opened at $9.85 on Monday. Oatly Group has a 1 year low of $6.00 and a 1 year high of $26.80. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.56 and a quick ratio of 0.44. The company has a market capitalization of $293.07 million, a price-to-earnings ratio of -1.45 and a beta of 1.97. The firm’s fifty day moving average price is $10.48 and its two-hundred day moving average price is $13.57.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Oatly Group by 19.6% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,895,635 shares of the company’s stock valued at $6,746,000 after acquiring an additional 1,292,592 shares during the period. Jane Street Group LLC boosted its holdings in Oatly Group by 134.8% in the 3rd quarter. Jane Street Group LLC now owns 143,256 shares of the company’s stock valued at $128,000 after purchasing an additional 82,242 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Oatly Group by 4.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,701,722 shares of the company’s stock valued at $6,580,000 after purchasing an additional 358,978 shares in the last quarter. Green Alpha Advisors LLC increased its holdings in shares of Oatly Group by 5.9% in the fourth quarter. Green Alpha Advisors LLC now owns 686,776 shares of the company’s stock worth $455,000 after purchasing an additional 38,363 shares during the period. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Oatly Group in the third quarter worth $85,000. Institutional investors own 68.15% of the company’s stock.

About Oatly Group

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.