Oddity Tech (NASDAQ:ODD) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Oddity Tech (NASDAQ:ODD) had its price objective increased by equities research analysts at The Goldman Sachs Group from $47.00 to $52.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price points to a potential downside of 17.80% from the stock’s previous close.

ODD has been the subject of a number of other reports. KeyCorp reduced their price target 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. Truist Financial lifted their price objective on Oddity Tech from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday. JMP Securities reissued a “market outperform” rating and issued a $66.00 target price on shares of Oddity Tech in a report on Tuesday, April 22nd. Barclays lifted their price target on Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Finally, Bank of America boosted their price objective on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.63.

Oddity Tech Price Performance

Shares of ODD stock opened at $63.26 on Thursday. The business’s fifty day moving average price is $44.56 and its 200 day moving average price is $44.11. The firm has a market capitalization of $3.53 billion, a PE ratio of 38.57, a P/E/G ratio of 1.48 and a beta of 3.73. Oddity Tech has a 1-year low of $30.34 and a 1-year high of $65.42.

Oddity Tech (NASDAQ:ODD) last issued its earnings results on Tuesday, April 29th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. The company had revenue of $268.08 million for the quarter, compared to analyst estimates of $260.71 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The business’s revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. Equities research analysts expect that Oddity Tech will post 1.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oddity Tech

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in Oddity Tech by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 63,625 shares of the company’s stock valued at $2,569,000 after acquiring an additional 750 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Oddity Tech during the third quarter worth about $99,000. Nordea Investment Management AB acquired a new stake in Oddity Tech in the 4th quarter worth about $797,000. Harbor Capital Advisors Inc. acquired a new stake in Oddity Tech in the 4th quarter worth about $1,767,000. Finally, Moody National Bank Trust Division grew its holdings in Oddity Tech by 12.6% in the 4th quarter. Moody National Bank Trust Division now owns 92,696 shares of the company’s stock valued at $3,895,000 after buying an additional 10,338 shares during the period. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

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.