ODDITY Tech (NASDAQ:ODD) Stock Price Expected to Rise, Barclays Analyst Says

ODDITY Tech (NASDAQ:ODD) had its price objective hoisted by investment analysts at Barclays from $60.00 to $73.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential downside of 1.36% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of ODDITY Tech from $63.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, June 3rd. Truist Financial increased their price target on shares of ODDITY Tech from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, May 1st. KeyCorp increased their price target on shares of ODDITY Tech from $65.00 to $90.00 and gave the company an “overweight” rating in a report on Monday. JMP Securities reissued a “market outperform” rating and issued a $66.00 price target on shares of ODDITY Tech in a report on Tuesday, April 22nd. Finally, Bank of America raised their target price on shares of ODDITY Tech from $68.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, June 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, ODDITY Tech currently has an average rating of “Moderate Buy” and an average target price of $70.13.

ODDITY Tech Stock Performance

Shares of ODD stock opened at $74.01 on Tuesday. The firm’s 50-day moving average is $71.50 and its 200-day moving average is $54.16. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 42.53, a PEG ratio of 3.41 and a beta of 3.30. 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 earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The company had revenue of $268.08 million for the quarter, compared to analysts’ expectations of $260.71 million. ODDITY Tech had a net margin of 15.12% and a return on equity of 30.67%. ODDITY Tech’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. Sell-side analysts predict that ODDITY Tech will post 1.62 EPS for the current fiscal year.

Institutional Trading of ODDITY Tech

Several large investors have recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC acquired a new stake in ODDITY Tech in the fourth quarter valued at approximately $42,000. Deutsche Bank AG boosted its position in ODDITY Tech by 65.0% in the first quarter. Deutsche Bank AG now owns 1,340 shares of the company’s stock valued at $58,000 after buying an additional 528 shares in the last quarter. Wells Fargo & Company MN boosted its position in ODDITY Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock valued at $126,000 after buying an additional 449 shares in the last quarter. Federated Hermes Inc. acquired a new position in shares of ODDITY Tech during the first quarter worth $190,000. Finally, Diversified Trust Co acquired a new position in shares of ODDITY Tech during the second quarter worth $205,000. Institutional investors and hedge funds 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.