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

Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $54.63.

Several research firms have recently issued reports on ODD. Truist Financial increased their target price on Oddity Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. KeyCorp reduced their target price on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their target price on Oddity Tech from $56.00 to $50.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. JMP Securities reissued a "market outperform" rating and set a $66.00 target price on shares of Oddity Tech in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group increased their target price on Oddity Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st.

Hedge Funds Weigh In On Oddity Tech

Hedge funds have recently made changes to their positions in the stock. Mark Sheptoff Financial Planning LLC bought a new position in shares of Oddity Tech during the fourth quarter worth about $42,000. Deutsche Bank AG raised its position 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 acquiring an additional 528 shares during the last quarter. R Squared Ltd bought a new position in shares of Oddity Tech during the fourth quarter worth about $61,000. Wells Fargo & Company MN raised its position 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 acquiring an additional 449 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Oddity Tech by 49.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,650 shares of the company's stock worth $153,000 after acquiring an additional 1,200 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors.

Oddity Tech Price Performance

NASDAQ ODD traded up $0.29 on Monday, reaching $72.22. The stock had a trading volume of 696,509 shares, compared to its average volume of 561,057. The firm has a fifty day moving average of $51.81 and a two-hundred day moving average of $47.21. Oddity Tech has a 1-year low of $32.71 and a 1-year high of $73.65. The company has a market cap of $4.03 billion, a P/E ratio of 44.04, a price-to-earnings-growth ratio of 1.48 and a beta of 3.44.

Oddity Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.06. The firm had revenue of $268.08 million for the quarter, compared to analyst estimates of $260.71 million. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The company's revenue for the quarter was up 26.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. 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.