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

Oddity Tech logo with Computer and Technology background

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.

Check Out Our Latest Stock Analysis on ODD

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

(Get Free Report

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.

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Analyst Recommendations for Oddity Tech (NASDAQ:ODD)

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