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

Shares of ODDITY Tech Ltd. (NASDAQ:ODD) have been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $59.00.

A number of equities research analysts have recently issued reports on ODD shares. Bank of America upped their target price 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. The Goldman Sachs Group upped their price objective on ODDITY Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Truist Financial lifted their target price on ODDITY Tech from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. KeyCorp lowered their price target on ODDITY Tech from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. raised their price objective on ODDITY Tech from $63.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 3rd.

ODDITY Tech Stock Down 1.7%

Shares of ODD opened at $69.75 on Friday. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 40.09, a PEG ratio of 3.25 and a beta of 3.45. The business’s 50 day moving average is $62.29 and its two-hundred day moving average is $50.59. ODDITY Tech has a 52-week low of $32.71 and a 52-week high of $79.18.

ODDITY Tech (NASDAQ:ODD) last issued its quarterly 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 15.12% and a return on equity of 30.67%. The business had revenue of $268.08 million during the quarter, compared to analyst estimates of $260.71 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was up 26.7% compared to the same quarter last year. On average, equities analysts expect that ODDITY Tech will post 1.62 earnings per share for the current fiscal year.

Institutional Trading of ODDITY Tech

Several hedge funds have recently made changes to their positions in ODD. Baillie Gifford & Co. grew its stake in ODDITY Tech by 4.8% during the 1st quarter. Baillie Gifford & Co. now owns 6,255,326 shares of the company’s stock worth $270,605,000 after buying an additional 285,745 shares during the last quarter. Granahan Investment Management LLC boosted its holdings in shares of ODDITY Tech by 1.1% during the first quarter. Granahan Investment Management LLC now owns 1,555,191 shares of the company’s stock valued at $67,278,000 after acquiring an additional 16,993 shares during the period. Bamco Inc. NY grew its position in shares of 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 last quarter. Capital International Investors grew its position in shares of 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 acquiring an additional 311,401 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of ODDITY Tech by 0.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,289,493 shares of the company’s stock worth $55,783,000 after acquiring an additional 6,419 shares during the period. Institutional investors own 35.88% of the company’s stock.

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.