Oddity Tech Ltd. (NASDAQ:ODD) Receives Consensus Rating of “Moderate Buy” from Analysts

Oddity Tech Ltd. (NASDAQ:ODD) has been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $54.63.

A number of research firms recently issued reports on ODD. JPMorgan Chase & Co. lowered their target price on shares of Oddity Tech from $56.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group raised their target price on shares of Oddity Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. JMP Securities reiterated a “market outperform” rating and issued a $66.00 target price on shares of Oddity Tech in a research note on Tuesday, April 22nd. Truist Financial raised their target price on shares of Oddity Tech from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Finally, Barclays raised their target price on shares of Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th.

Oddity Tech Stock Performance

Shares of NASDAQ:ODD opened at $69.65 on Monday. The company has a market cap of $3.89 billion, a PE ratio of 42.47, a price-to-earnings-growth ratio of 1.48 and a beta of 3.44. Oddity Tech has a 52 week low of $32.71 and a 52 week high of $73.00. The firm has a 50 day simple moving average of $50.71 and a 200 day simple moving average of $46.87.

Oddity Tech (NASDAQ:ODD) last released its earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The company had revenue of $268.08 million during the quarter, compared to the consensus estimate of $260.71 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The company’s revenue was up 26.7% compared to the same quarter last year. On average, equities analysts predict that Oddity Tech will post 1.62 earnings per share for the current year.

Hedge Funds Weigh In On Oddity Tech

Several institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in Oddity Tech by 33.2% during the fourth quarter. Blue Trust Inc. now owns 6,437 shares of the company’s stock worth $260,000 after buying an additional 1,603 shares in the last quarter. R Squared Ltd acquired a new stake in Oddity Tech during the fourth quarter worth about $61,000. Wilmington Savings Fund Society FSB grew its stake in Oddity Tech by 49.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,650 shares of the company’s stock worth $153,000 after buying an additional 1,200 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Oddity Tech in the fourth quarter worth about $746,000. Finally, D.A. Davidson & CO. lifted its holdings 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 worth $1,086,000 after acquiring an additional 273 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors and hedge funds.

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.