ODDITY Tech Ltd. (NASDAQ:ODD) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $66.75.

Several brokerages recently commented on ODD. Bank of America boosted their price target on ODDITY Tech from $68.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, June 27th. JMP Securities reaffirmed a "market outperform" rating and issued a $66.00 price target on shares of ODDITY Tech in a research note on Tuesday, April 22nd. The Goldman Sachs Group boosted their price target on ODDITY Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. KeyCorp boosted their price target on ODDITY Tech from $65.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Truist Financial boosted their price target on ODDITY Tech from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 1st.

Institutional Investors Weigh In On ODDITY Tech

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mark Sheptoff Financial Planning LLC bought a new stake in shares of ODDITY Tech in the fourth quarter worth about $42,000. Deutsche Bank AG increased its holdings in shares of ODDITY Tech by 65.0% in the first quarter. Deutsche Bank AG now owns 1,340 shares of the company's stock worth $58,000 after acquiring an additional 528 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of ODDITY Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after acquiring an additional 449 shares in the last quarter. Federated Hermes Inc. bought a new stake in shares of ODDITY Tech in the first quarter worth about $190,000. Finally, Diversified Trust Co bought a new stake in shares of ODDITY Tech in the second quarter worth about $205,000. Institutional investors own 35.88% of the company's stock.

ODDITY Tech Stock Up 0.1%

Shares of NASDAQ ODD opened at $71.26 on Tuesday. The business's 50 day moving average is $71.07 and its two-hundred day moving average is $53.69. The company has a market cap of $3.98 billion, a P/E ratio of 40.95, a P/E/G ratio of 3.32 and a beta of 3.30. ODDITY Tech has a 12 month low of $32.71 and a 12 month 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 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. ODDITY Tech had a return on equity of 30.67% and a net margin of 15.12%. The company had revenue of $268.08 million for the quarter, compared to the consensus estimate of $260.71 million. During the same period in the previous year, the business posted $0.61 EPS. The company's revenue for the quarter was up 26.7% on a year-over-year basis. Sell-side analysts expect that ODDITY Tech will post 1.62 earnings per share for the current fiscal 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.

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