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

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

Analysts Set New Price Targets

Several analysts recently weighed in on OTLY shares. Mizuho dropped their target price on shares of Oatly Group from $40.00 to $32.00 and set an “outperform” rating for the company in a report on Monday, March 24th. Barclays lifted their price objective on Oatly Group from $1.00 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Finally, Piper Sandler decreased their target price on Oatly Group from $40.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.75.

Oatly Group Price Performance

Oatly Group stock opened at $9.90 on Friday. The company’s 50 day moving average is $10.26 and its two-hundred day moving average is $13.46. The firm has a market cap of $294.55 million, a PE ratio of -1.46 and a beta of 1.97. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39. Oatly Group has a 52-week low of $6.00 and a 52-week high of $26.80.

Institutional Trading of Oatly Group

Several hedge funds have recently modified their holdings of OTLY. Sanctuary Advisors LLC grew its stake in Oatly Group by 33.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 55,778 shares of the company’s stock worth $48,000 after purchasing an additional 14,116 shares in the last quarter. Van ECK Associates Corp boosted 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 buying an additional 21,387 shares during the period. Two Sigma Advisers LP acquired a new position in shares of Oatly Group during the fourth quarter worth about $41,000. Rhumbline Advisers increased its stake in shares of Oatly Group by 76.1% during the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company’s stock worth $42,000 after buying an additional 27,428 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Oatly Group by 463.2% in the fourth quarter. Geode Capital Management LLC now owns 94,353 shares of the company’s stock valued at $63,000 after acquiring an additional 77,600 shares in the last quarter. 68.15% of the stock is currently owned by institutional investors and hedge funds.

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.