Oddity Tech (NASDAQ:ODD) Trading 1.9% Higher

Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report) shares shot up 1.9% during trading on Tuesday . The company traded as high as $33.51 and last traded at $33.51. 112,471 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 854,336 shares. The stock had previously closed at $32.90.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barclays reduced their price objective on Oddity Tech from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Friday. Bank of America increased their price objective on Oddity Tech from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, March 7th. Morgan Stanley lifted their target price on shares of Oddity Tech from $35.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 7th. Evercore ISI assumed coverage on shares of Oddity Tech in a research report on Thursday, April 4th. They set an "outperform" rating and a $57.00 price target for the company. Finally, JMP Securities reissued a "market outperform" rating and issued a $66.00 price target on shares of Oddity Tech in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.63.

Oddity Tech Price Performance

The firm has a 50-day moving average of $41.85 and a 200 day moving average of $38.42. The company has a market capitalization of $1.99 billion and a PE ratio of 33.50.

Oddity Tech (NASDAQ:ODD - Get Free Report) last posted its earnings results on Tuesday, March 5th. The company reported $0.05 EPS for the quarter, hitting analysts' consensus estimates of $0.05. The business had revenue of $97.25 million during the quarter, compared to the consensus estimate of $86.38 million. Oddity Tech had a net margin of 11.51% and a return on equity of 26.22%. Equities analysts expect that Oddity Tech Ltd. will post 1.22 EPS for the current year.

Institutional Trading of Oddity Tech

Hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. purchased a new stake in Oddity Tech in the 3rd quarter worth $157,621,000. MSD Partners L.P. purchased a new stake in shares of Oddity Tech during the third quarter worth about $50,510,000. FMR LLC bought a new stake in Oddity Tech during the 3rd quarter valued at approximately $47,208,000. Massachusetts Financial Services Co. MA purchased a new position in Oddity Tech in the 3rd quarter worth approximately $22,503,000. Finally, Clearbridge Investments LLC bought a new position in Oddity Tech in the 4th quarter worth approximately $27,056,000. Institutional investors 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.