Oatly Group Target of Unusually Large Options Trading (NASDAQ:OTLY)

Oatly Group AB (NASDAQ:OTLY) was the recipient of some unusual options trading activity on Friday. Traders purchased 5,337 put options on the stock. This represents an increase of approximately 335% compared to the typical daily volume of 1,227 put options.

Oatly Group Stock Performance

Shares of NASDAQ OTLY opened at $9.90 on Friday. The company has a 50 day simple moving average of $10.26 and a two-hundred day simple moving average of $13.43. The stock has a market cap of $294.55 million, a price-to-earnings ratio of -1.46 and a beta of 1.97. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. Oatly Group has a 12 month low of $6.00 and a 12 month high of $26.80.

Analyst Ratings Changes

OTLY has been the topic of several research analyst reports. Mizuho dropped their target price on shares of Oatly Group from $40.00 to $32.00 and set an “outperform” rating on the stock in a research report on Monday, March 24th. Piper Sandler dropped their price objective on shares of Oatly Group from $40.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Finally, Barclays raised their target price on Oatly Group from $1.00 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Oatly Group has an average rating of “Moderate Buy” and an average target price of $19.75.

Hedge Funds Weigh In On Oatly Group

Institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC lifted its holdings in Oatly Group by 33.9% in the third quarter. Sanctuary Advisors LLC now owns 55,778 shares of the company’s stock valued at $48,000 after acquiring an additional 14,116 shares during the period. Van ECK Associates Corp lifted its stake in shares of Oatly Group by 60.6% in the 4th quarter. Van ECK Associates Corp now owns 56,689 shares of the company’s stock valued at $38,000 after purchasing an additional 21,387 shares during the period. Two Sigma Advisers LP acquired a new stake in Oatly Group during the fourth quarter valued at $41,000. Rhumbline Advisers increased its holdings in Oatly Group by 76.1% in the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company’s stock valued at $42,000 after buying an additional 27,428 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Oatly Group by 463.2% in the fourth quarter. Geode Capital Management LLC now owns 94,353 shares of the company’s stock worth $63,000 after acquiring an additional 77,600 shares during the period. Hedge funds and other 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.