Needham & Company LLC Reiterates “Buy” Rating for ODDITY Tech (NASDAQ:ODD)

ODDITY Tech (NASDAQ:ODD)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a report issued on Thursday,Benzinga reports. They currently have a $72.00 target price on the stock. Needham & Company LLC’s price objective indicates a potential upside of 90.98% from the company’s previous close.

Other equities analysts have also issued reports about the stock. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price target on shares of ODDITY Tech in a research report on Tuesday, September 23rd. Zacks Research raised shares of ODDITY Tech from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Truist Financial increased their price target on ODDITY Tech from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Jefferies Financial Group started coverage on ODDITY Tech in a report on Wednesday, September 24th. They set a “buy” rating and a $78.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ODDITY Tech in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.20.

ODDITY Tech Price Performance

Shares of ODDITY Tech stock opened at $37.70 on Thursday. The stock has a market cap of $2.10 billion, a P/E ratio of 21.06, a P/E/G ratio of 1.88 and a beta of 3.15. The company has a debt-to-equity ratio of 1.53, a quick ratio of 5.57 and a current ratio of 7.54. The stock’s fifty day moving average is $50.40 and its 200 day moving average is $61.76. ODDITY Tech has a one year low of $35.30 and a one year high of $79.18.

ODDITY Tech (NASDAQ:ODD) last issued its quarterly earnings results on Wednesday, November 19th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. ODDITY Tech had a return on equity of 31.68% and a net margin of 14.11%.The business had revenue of $147.90 million during the quarter, compared to analysts’ expectations of $145.44 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. The business’s quarterly revenue was up 24.3% on a year-over-year basis. ODDITY Tech has set its Q4 2025 guidance at 0.110-0.130 EPS. FY 2025 guidance at 2.100-2.120 EPS. Sell-side analysts anticipate that ODDITY Tech will post 1.62 earnings per share for the current year.

Institutional Investors Weigh In On ODDITY Tech

A number of hedge funds have recently made changes to their positions in the company. KLP Kapitalforvaltning AS grew its holdings in ODDITY Tech by 88.9% during the 1st quarter. KLP Kapitalforvaltning AS now owns 13,600 shares of the company’s stock valued at $588,000 after buying an additional 6,400 shares in the last quarter. Tempus Wealth Planning LLC bought a new position in shares of ODDITY Tech during the 1st quarter valued at approximately $369,000. Baillie Gifford & Co. boosted its position in shares of ODDITY Tech by 4.8% during the 1st quarter. Baillie Gifford & Co. now owns 6,255,326 shares of the company’s stock valued at $270,605,000 after acquiring an additional 285,745 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of ODDITY Tech in the first quarter valued at $190,000. Finally, XTX Topco Ltd bought a new stake in ODDITY Tech in the first quarter worth $584,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

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.