ODDITY Tech Ltd. (NASDAQ:ODD) Given Average Rating of “Moderate Buy” by Brokerages

Shares of ODDITY Tech Ltd. (NASDAQ:ODD) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $64.40.

Several analysts recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of ODDITY Tech from $67.00 to $59.00 and set an “overweight” rating for the company in a report on Friday, December 12th. Morgan Stanley cut their price target on ODDITY Tech from $61.00 to $49.00 and set an “equal weight” rating for the company in a research note on Friday, November 21st. KeyCorp reaffirmed an “overweight” rating on shares of ODDITY Tech in a report on Friday. Needham & Company LLC reissued a “buy” rating and issued a $72.00 price objective on shares of ODDITY Tech in a report on Thursday, November 20th. Finally, Wall Street Zen upgraded ODDITY Tech from a “sell” rating to a “hold” rating in a research report on Sunday, November 30th.

Hedge Funds Weigh In On ODDITY Tech

A number of large investors have recently added to or reduced their stakes in the stock. Wexford Capital LP purchased a new stake in shares of ODDITY Tech during the third quarter worth about $40,000. Assetmark Inc. acquired a new stake in ODDITY Tech in the 2nd quarter worth about $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in ODDITY Tech by 134.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company’s stock worth $69,000 after buying an additional 651 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of ODDITY Tech during the second quarter valued at approximately $71,000. Finally, Quaker Wealth Management LLC lifted its position in shares of ODDITY Tech by 530.3% in the third quarter. Quaker Wealth Management LLC now owns 1,664 shares of the company’s stock valued at $104,000 after acquiring an additional 1,400 shares in the last quarter. 35.88% of the stock is currently owned by institutional investors and hedge funds.

ODDITY Tech Trading Down 2.9%

ODDITY Tech stock opened at $29.02 on Wednesday. The firm has a market cap of $1.62 billion, a PE ratio of 16.21, a P/E/G ratio of 1.19 and a beta of 3.18. ODDITY Tech has a 12 month low of $27.09 and a 12 month high of $79.18. The stock’s 50 day simple moving average is $35.08 and its two-hundred day simple moving average is $46.02. The company has a current ratio of 7.54, a quick ratio of 6.42 and a debt-to-equity ratio of 1.53.

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. The company sells beauty, hair, and skin products under the IL MAKIAGE and SpoiledChild brands.