KeyCorp Cuts Oddity Tech (NASDAQ:ODD) Price Target to $50.00

Oddity Tech (NASDAQ:ODD) had its price target trimmed by KeyCorp from $52.00 to $50.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts have also issued research reports about the stock. Bank of America lifted their price objective on shares of Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. initiated coverage on Oddity Tech in a research note on Friday, January 31st. They set an “overweight” rating and a $55.00 price objective for the company. Finally, Barclays raised their price objective on shares of Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $52.14.

Oddity Tech Trading Up 3.7 %

Shares of Oddity Tech stock opened at $41.95 on Wednesday. Oddity Tech has a 1 year low of $30.34 and a 1 year high of $51.00. The company has a market cap of $2.34 billion, a P/E ratio of 25.58, a P/E/G ratio of 1.48 and a beta of 3.73. The stock has a 50-day moving average price of $43.42 and a 200 day moving average price of $43.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Granahan Investment Management LLC grew its holdings in shares of Oddity Tech by 15.9% during the fourth quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company’s stock worth $64,635,000 after buying an additional 211,485 shares in the last quarter. Bamco Inc. NY increased its position in Oddity Tech by 14.7% during the fourth quarter. Bamco Inc. NY now owns 1,429,198 shares of the company’s stock worth $60,055,000 after acquiring an additional 183,152 shares during the period. Capital International Investors grew its position in Oddity Tech by 29.5% during the fourth quarter. Capital International Investors now owns 1,365,744 shares of the company’s stock worth $57,389,000 after buying an additional 311,401 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Oddity Tech by 0.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,283,074 shares of the company’s stock valued at $53,915,000 after purchasing an additional 11,716 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Oddity Tech by 71.9% during the 4th quarter. Janus Henderson Group PLC now owns 846,281 shares of the company’s stock worth $35,539,000 after acquiring an additional 354,083 shares during the period. 35.88% of the stock is currently owned by institutional investors.

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.