KeyCorp Raises Oddity Tech (NASDAQ:ODD) Price Target to $52.00

Oddity Tech (NASDAQ:ODD) had its price objective raised by research analysts at KeyCorp from $50.00 to $52.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 20.71% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Barclays increased their target price on shares of Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. The Goldman Sachs Group began coverage on Oddity Tech in a research report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Oddity Tech has an average rating of “Moderate Buy” and an average price target of $52.88.

Oddity Tech Stock Down 0.8 %

Shares of ODD stock traded down $0.34 during trading hours on Wednesday, reaching $43.08. 313,845 shares of the company’s stock were exchanged, compared to its average volume of 365,389. The business has a fifty day moving average price of $44.35 and a 200-day moving average price of $40.81. The stock has a market capitalization of $2.45 billion, a P/E ratio of 26.27, a P/E/G ratio of 1.49 and a beta of 4.30. Oddity Tech has a fifty-two week low of $30.34 and a fifty-two week high of $51.00.

Oddity Tech (NASDAQ:ODD) last released its earnings results on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.22 by $0.10. The firm had revenue of $119.00 million during the quarter, compared to analysts’ expectations of $116.47 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. As a group, research analysts expect that Oddity Tech will post 1.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Oddity Tech

A number of hedge funds have recently made changes to their positions in ODD. Wilmington Savings Fund Society FSB acquired a new position in Oddity Tech in the third quarter valued at about $99,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Oddity Tech in the 2nd quarter worth approximately $102,000. Federated Hermes Inc. bought a new stake in Oddity Tech during the 2nd quarter worth approximately $113,000. Quarry LP acquired a new stake in Oddity Tech during the 3rd quarter valued at $122,000. Finally, Mendota Financial Group LLC bought a new position in Oddity Tech in the 3rd quarter valued at $162,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

About Oddity Tech

Oddity Tech Ltd. operates as a consumer tech company that builds digital-first brands for the beauty and wellness industries in the United States and internationally. It serves consumers worldwide through its AI-driven online platform, which uses data science, machine learning, and computer vision capabilities to identify consumer needs, and develop solutions in the form of beauty and wellness products.