JPMorgan Chase & Co. Issues Positive Forecast for Oddity Tech (NASDAQ:ODD) Stock Price

Oddity Tech (NASDAQ:ODD - Get Free Report) had its price objective increased by equities researchers at JPMorgan Chase & Co. from $63.00 to $85.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 10.00% from the company's previous close.

Other analysts have also recently issued research reports about the company. Truist Financial lifted their price target on Oddity Tech from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, May 1st. JMP Securities reaffirmed a "market outperform" rating and set a $66.00 price target on shares of Oddity Tech in a research report on Tuesday, April 22nd. KeyCorp lowered their price objective on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. The Goldman Sachs Group increased their target price on Oddity Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, Bank of America boosted their price target on Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Oddity Tech presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.00.

Oddity Tech Stock Up 0.0%

Shares of NASDAQ:ODD traded up $0.01 during trading on Tuesday, reaching $77.27. The stock had a trading volume of 552,336 shares, compared to its average volume of 568,838. The stock has a market cap of $4.31 billion, a P/E ratio of 47.12, a PEG ratio of 1.48 and a beta of 3.44. The business has a fifty day moving average price of $54.84 and a 200-day moving average price of $48.27. Oddity Tech has a fifty-two week low of $32.71 and a fifty-two week high of $79.18.

Oddity Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.06. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The company had revenue of $268.08 million during the quarter, compared to the consensus estimate of $260.71 million. During the same period in the previous year, the firm posted $0.61 EPS. Oddity Tech's revenue was up 26.7% on a year-over-year basis. As a group, equities analysts forecast that Oddity Tech will post 1.62 EPS for the current year.

Institutional Investors Weigh In On Oddity Tech

Several hedge funds have recently modified their holdings of ODD. Acadian Asset Management LLC boosted its holdings in Oddity Tech by 267.8% in the 1st quarter. Acadian Asset Management LLC now owns 135,210 shares of the company's stock worth $5,838,000 after acquiring an additional 98,453 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Oddity Tech by 16.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,117 shares of the company's stock valued at $3,293,000 after purchasing an additional 10,582 shares during the period. Woodline Partners LP boosted its stake in shares of Oddity Tech by 239.1% in the first quarter. Woodline Partners LP now owns 440,533 shares of the company's stock valued at $19,057,000 after purchasing an additional 310,602 shares during the period. Rip Road Capital Partners LP acquired a new stake in Oddity Tech during the 1st quarter valued at $2,513,000. Finally, Granahan Investment Management LLC increased its stake in Oddity Tech by 1.1% during the 1st quarter. Granahan Investment Management LLC now owns 1,555,191 shares of the company's stock worth $67,278,000 after buying an additional 16,993 shares during the period. 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.