JPMorgan Chase & Co. Cuts Oddity Tech (NASDAQ:ODD) Price Target to $50.00

Oddity Tech (NASDAQ:ODD) had its target price reduced by JPMorgan Chase & Co. from $56.00 to $50.00 in a report published on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

ODD has been the subject of a number of other reports. Bank of America increased their price objective on Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Barclays increased their price target on Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. JMP Securities reiterated a “market outperform” rating and issued a $66.00 target price on shares of Oddity Tech in a report on Tuesday. Finally, KeyCorp decreased their target price on shares of Oddity Tech from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Oddity Tech currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.25.

Oddity Tech Price Performance

Shares of NASDAQ ODD opened at $43.90 on Tuesday. Oddity Tech has a 1 year low of $30.34 and a 1 year high of $51.00. The firm has a market cap of $2.45 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 1.48 and a beta of 3.73. The company has a 50 day simple moving average of $43.38 and a 200 day simple moving average of $43.54.

Hedge Funds Weigh In On Oddity Tech

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. lifted its stake in shares of Oddity Tech by 1.1% in the fourth quarter. D.A. Davidson & CO. now owns 25,838 shares of the company’s stock valued at $1,086,000 after buying an additional 273 shares in the last quarter. Sheets Smith Wealth Management boosted its position in shares of Oddity Tech by 1.5% during the first quarter. Sheets Smith Wealth Management now owns 20,792 shares of the company’s stock valued at $899,000 after buying an additional 315 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Oddity Tech by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock worth $126,000 after buying an additional 449 shares in the last quarter. California State Teachers Retirement System raised its position in Oddity Tech by 1.7% in the 4th quarter. California State Teachers Retirement System now owns 31,401 shares of the company’s stock valued at $1,319,000 after buying an additional 511 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Oddity Tech by 5.1% during the 4th quarter. American Century Companies Inc. now owns 12,334 shares of the company’s stock valued at $518,000 after acquiring an additional 593 shares in the last quarter. 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.