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

Oddity Tech Ltd. (NASDAQ:ODD) has earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $53.63.

Several brokerages have recently issued reports on ODD. Bank of America lifted their price target on Oddity Tech from $44.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Evercore ISI began coverage on Oddity Tech in a report on Thursday, April 4th. They set an “outperform” rating and a $57.00 price target for the company. JMP Securities reiterated a “market outperform” rating and set a $66.00 price target on shares of Oddity Tech in a report on Thursday, March 7th. Barclays reduced their target price on Oddity Tech from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, April 12th. Finally, Morgan Stanley boosted their target price on Oddity Tech from $35.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th.

Institutional Trading of Oddity Tech

A number of institutional investors and hedge funds have recently modified their holdings of the company. Banque Cantonale Vaudoise bought a new stake in shares of Oddity Tech during the first quarter valued at approximately $1,545,000. Moody National Bank Trust Division grew its position in Oddity Tech by 8.3% in the first quarter. Moody National Bank Trust Division now owns 28,179 shares of the company’s stock valued at $1,224,000 after acquiring an additional 2,150 shares during the period. Vanguard Group Inc. bought a new stake in Oddity Tech in the fourth quarter valued at $524,000. Virtu Financial LLC bought a new stake in Oddity Tech in the fourth quarter valued at $1,396,000. Finally, GSA Capital Partners LLP bought a new stake in Oddity Tech in the fourth quarter valued at $1,076,000. 35.88% of the stock is currently owned by institutional investors.

Oddity Tech Trading Down 0.4 %

Shares of NASDAQ ODD opened at $33.48 on Friday. The firm has a market capitalization of $1.90 billion and a PE ratio of 32.82. Oddity Tech has a one year low of $24.12 and a one year high of $56.00. The business has a 50-day moving average price of $41.02 and a two-hundred day moving average price of $38.51.

Oddity Tech (NASDAQ:ODD) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $97.25 million during the quarter, compared to analyst estimates of $86.38 million. Oddity Tech had a return on equity of 26.22% and a net margin of 11.51%. Research analysts anticipate that Oddity Tech will post 1.22 EPS for the current year.

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.