ODDITY Tech Ltd. (NASDAQ:ODD) Receives $59.00 Average PT from Analysts

Shares of ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $59.00.

ODD has been the subject of several research reports. KeyCorp reduced their price target on shares of ODDITY Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. upped their price target on shares of ODDITY Tech from $63.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, June 3rd. Truist Financial upped their price target on shares of ODDITY Tech from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Barclays upped their price target on shares of ODDITY Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Finally, Bank of America upped their price objective on shares of ODDITY Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC raised its holdings in ODDITY Tech by 267.8% in the first quarter. Acadian Asset Management LLC now owns 135,210 shares of the company's stock valued at $5,838,000 after buying an additional 98,453 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 buying an additional 10,582 shares during the period. Woodline Partners LP raised its holdings in 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 buying an additional 310,602 shares during the period. Rip Road Capital Partners LP purchased a new position in ODDITY Tech in the first quarter valued at approximately $2,513,000. Finally, Granahan Investment Management LLC raised its holdings in ODDITY Tech by 1.1% in the first quarter. Granahan Investment Management LLC now owns 1,555,191 shares of the company's stock valued at $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.

ODDITY Tech Stock Up 3.2%

NASDAQ ODD traded up $2.31 on Friday, hitting $74.03. 1,073,176 shares of the stock were exchanged, compared to its average volume of 587,809. ODDITY Tech has a fifty-two week low of $32.71 and a fifty-two week high of $79.18. The company has a market cap of $4.13 billion, a PE ratio of 42.55, a PEG ratio of 3.35 and a beta of 3.46. The company has a 50-day moving average price of $63.54 and a 200-day moving average price of $51.04.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last posted 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 net margin of 15.12% and a return on equity of 30.67%. The company had revenue of $268.08 million during the quarter, compared to analysts' expectations of $260.71 million. During the same quarter in the previous year, the business posted $0.61 EPS. The firm's revenue was up 26.7% on a year-over-year basis. As a group, equities research analysts predict that ODDITY Tech will post 1.62 EPS for the current fiscal year.

ODDITY Tech Company Profile

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.