ODDITY Tech Ltd. (NASDAQ:ODD) Receives $74.88 Consensus Price Target from Analysts

Key Points

• ODDITY Tech Ltd. has received a consensus rating of "Moderate Buy" from eight brokerages, with five giving buy recommendations and three recommending a hold.
• The average twelve-month price target from brokerages for ODDITY Tech is $74.8750, with several firms recently raising their target prices significantly.
• In its latest earnings report, ODDITY Tech posted an EPS of $0.92, exceeding estimates, and showing a revenue increase of 25.1% year-over-year.

ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $74.8750.

A number of brokerages have recently issued reports on ODD. Morgan Stanley upped their price objective on ODDITY Tech from $56.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Truist Financial increased their price target on ODDITY Tech from $65.00 to $78.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. JMP Securities increased their price target on ODDITY Tech from $72.00 to $80.00 and gave the company a "market outperform" rating in a research note on Tuesday, August 5th. Bank of America increased 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. Finally, KeyCorp increased 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, July 14th.

ODDITY Tech Trading Up 1.0%

Shares of ODD traded up $0.61 during trading hours on Friday, reaching $60.81. The stock had a trading volume of 157,128 shares, compared to its average volume of 879,577. The company has a market cap of $3.40 billion, a P/E ratio of 33.78, a P/E/G ratio of 2.78 and a beta of 3.27. ODDITY Tech has a 52 week low of $32.71 and a 52 week high of $79.18. The company has a quick ratio of 5.57, a current ratio of 6.32 and a debt-to-equity ratio of 1.66. The firm has a 50-day moving average of $70.67 and a 200 day moving average of $57.24.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.04. ODDITY Tech had a return on equity of 32.17% and a net margin of 14.65%. The business had revenue of $241.14 million during the quarter, compared to analysts' expectations of $237.44 million. During the same period in the prior year, the business earned $0.82 EPS. ODDITY Tech's revenue for the quarter was up 25.1% compared to the same quarter last year. On average, sell-side analysts expect that ODDITY Tech will post 1.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ODDITY Tech

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sheets Smith Wealth Management lifted its holdings in shares of ODDITY Tech by 1.5% during the first quarter. Sheets Smith Wealth Management now owns 20,792 shares of the company's stock worth $899,000 after buying an additional 315 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of ODDITY Tech by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after buying an additional 449 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of ODDITY Tech by 1.7% during the fourth quarter. California State Teachers Retirement System now owns 31,401 shares of the company's stock worth $1,319,000 after buying an additional 511 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of ODDITY Tech by 65.0% during the first quarter. Deutsche Bank AG now owns 1,340 shares of the company's stock worth $58,000 after buying an additional 528 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of ODDITY Tech by 5.1% during the fourth quarter. American Century Companies Inc. now owns 12,334 shares of the company's stock worth $518,000 after buying an additional 593 shares in the last quarter. Institutional investors and hedge funds 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.