Oddity Tech Ltd. (NASDAQ:ODD) Receives $54.63 Consensus Target Price from Analysts

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

A number of research analysts recently commented on ODD shares. JMP Securities reissued a "market outperform" rating and issued a $66.00 target price on shares of Oddity Tech in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their target price 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. Barclays boosted their target price on Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. The Goldman Sachs Group increased their price target on shares of Oddity Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Bank of America boosted their target price on Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th.

Oddity Tech Price Performance

Shares of ODD traded up $0.80 during trading hours on Monday, hitting $73.12. The company's stock had a trading volume of 81,690 shares, compared to its average volume of 559,949. The business has a 50 day simple moving average of $52.92 and a two-hundred day simple moving average of $47.56. Oddity Tech has a 52-week low of $32.71 and a 52-week high of $73.67. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 44.67, a PEG ratio of 1.48 and a beta of 3.44.

Oddity Tech (NASDAQ:ODD - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.06. The company 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 firm's revenue for the quarter was up 26.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. Research analysts predict that Oddity Tech will post 1.62 earnings per share for the current year.

Institutional Investors Weigh In On Oddity Tech

Several hedge funds have recently bought and sold shares of ODD. Acadian Asset Management LLC lifted its position in shares of Oddity Tech by 267.8% during the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Oddity Tech by 16.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,117 shares of the company's stock worth $3,293,000 after purchasing an additional 10,582 shares during the last quarter. Woodline Partners LP boosted its stake in Oddity Tech by 239.1% during the 1st quarter. Woodline Partners LP now owns 440,533 shares of the company's stock worth $19,057,000 after purchasing an additional 310,602 shares during the last quarter. Rip Road Capital Partners LP acquired a new stake in shares of Oddity Tech in the first quarter valued at about $2,513,000. Finally, Granahan Investment Management LLC lifted its stake in shares of Oddity Tech by 1.1% in the first quarter. Granahan Investment Management LLC now owns 1,555,191 shares of the company's stock worth $67,278,000 after buying an additional 16,993 shares in the last quarter. Hedge funds and other institutional investors 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.