Oddity Tech Ltd. (NASDAQ:ODD) Given Consensus Rating of “Moderate Buy” by Brokerages

Oddity Tech Ltd. (NASDAQ:ODD) has been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $52.88.

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group initiated coverage on Oddity Tech in a research report on Friday, December 13th. They set a “neutral” rating and a $48.00 target price on the stock. KeyCorp boosted their price target on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Morgan Stanley lifted their target price on shares of Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Barclays raised their price target 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.

Oddity Tech Stock Performance

Shares of ODD opened at $44.31 on Tuesday. The company has a market capitalization of $2.52 billion, a P/E ratio of 27.02, a P/E/G ratio of 1.41 and a beta of 4.30. The business’s 50-day moving average is $44.83 and its two-hundred day moving average is $41.18. 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 issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The business had revenue of $119.00 million for the quarter, compared to analysts’ expectations of $116.47 million. During the same quarter last year, the company earned $0.06 EPS. The business’s revenue was up 26.0% on a year-over-year basis. Analysts forecast that Oddity Tech will post 1.64 EPS for the current year.

Institutional Trading of Oddity Tech

Several hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB acquired a new position in Oddity Tech in the fourth quarter valued at about $797,000. Harbor Capital Advisors Inc. purchased a new position in shares of Oddity Tech during the fourth quarter worth $1,767,000. Renaissance Technologies LLC acquired a new stake in shares of Oddity Tech in the second quarter valued at $3,722,000. Aurora Investment Counsel acquired a new position in Oddity Tech during the 3rd quarter worth about $2,056,000. Finally, Wesbanco Bank Inc. purchased a new position in Oddity Tech during the 3rd quarter valued at about $751,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Oddity Tech Company Profile

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.