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

Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight brokerages that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $54.63.

ODD has been the topic of several recent analyst reports. KeyCorp reduced their target price on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group boosted their target price on shares of Oddity Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Barclays upped their price target on shares of Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. reduced their price target on shares of Oddity Tech from $56.00 to $50.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Bank of America upped their price target 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 Investors Weigh In On Oddity Tech

Several institutional investors and hedge funds have recently bought and sold shares of ODD. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Oddity Tech in the fourth quarter valued at approximately $42,000. Deutsche Bank AG lifted its holdings 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 purchasing an additional 528 shares in the last quarter. R Squared Ltd purchased a new stake in Oddity Tech in the 4th quarter valued at $61,000. Wells Fargo & Company MN increased its position in shares of Oddity Tech by 17.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock valued at $126,000 after purchasing an additional 449 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its position in shares of Oddity Tech by 49.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,650 shares of the company's stock valued at $153,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors own 35.88% of the company's stock.

Oddity Tech Stock Performance

Shares of NASDAQ:ODD traded up $2.28 on Monday, hitting $71.93. The stock had a trading volume of 1,380,083 shares, compared to its average volume of 560,516. Oddity Tech has a twelve month low of $32.71 and a twelve month high of $73.00. The firm's 50 day moving average price is $51.81 and its 200-day moving average price is $47.21. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 43.86, 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 earnings results on Tuesday, April 29th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.63 by $0.06. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The company had revenue of $268.08 million for the quarter, compared to the consensus estimate of $260.71 million. During the same quarter in the previous year, the company earned $0.61 EPS. The firm's revenue for the quarter was up 26.7% compared to the same quarter last year. As a group, sell-side analysts predict that Oddity Tech will post 1.62 EPS for the current 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.