ODDITY Tech Ltd. (NASDAQ:ODD) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $70.13.

Several research analysts have recently weighed in on ODD shares. JPMorgan Chase & Co. lifted their price objective on ODDITY Tech from $63.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 3rd. JMP Securities reissued a "market outperform" rating and issued a $66.00 price objective on shares of ODDITY Tech in a research report on Tuesday, April 22nd. Bank of America lifted their price objective on ODDITY Tech from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. KeyCorp lifted their price objective on ODDITY Tech from $65.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, The Goldman Sachs Group lifted their price objective on ODDITY Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st.

Hedge Funds Weigh In On ODDITY Tech

Hedge funds have recently added to or reduced their stakes in the stock. Mark Sheptoff Financial Planning LLC purchased a new position in shares of ODDITY Tech in the 4th quarter worth approximately $42,000. WD Rutherford LLC purchased a new position in shares of ODDITY Tech in the 2nd quarter worth approximately $48,000. Deutsche Bank AG boosted its stake in shares of ODDITY Tech by 65.0% in the 1st quarter. Deutsche Bank AG now owns 1,340 shares of the company's stock worth $58,000 after buying an additional 528 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of ODDITY Tech by 17.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after buying an additional 449 shares during the last quarter. Finally, Federated Hermes Inc. purchased a new position in shares of ODDITY Tech in the 1st quarter worth approximately $190,000. Institutional investors and hedge funds own 35.88% of the company's stock.

ODDITY Tech Trading Down 2.7%

NASDAQ:ODD traded down $1.91 during trading hours on Tuesday, hitting $68.90. 567,476 shares of the company were exchanged, compared to its average volume of 623,269. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 39.60, a price-to-earnings-growth ratio of 3.45 and a beta of 3.30. ODDITY Tech has a one year low of $32.71 and a one year high of $79.18. The company has a fifty day simple moving average of $71.56 and a 200 day simple moving average of $54.35.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. The business had revenue of $268.08 million during the quarter, compared to analyst estimates of $260.71 million. ODDITY Tech had a return on equity of 30.67% and a net margin of 15.12%. ODDITY Tech's revenue for the quarter was up 26.7% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. Equities research analysts predict 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.