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

Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight brokerages that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $53.25.

Several analysts have recently weighed in on the stock. Barclays lifted their price objective on shares of Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. 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. decreased their price target on shares of Oddity Tech from $56.00 to $50.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. JMP Securities reaffirmed a "market outperform" rating and issued a $66.00 price objective on shares of Oddity Tech in a research note on Tuesday, April 22nd. Finally, Bank of America boosted their target price 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.

Oddity Tech Stock Up 30.4 %

ODD stock opened at $61.44 on Thursday. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 1.48 and a beta of 3.73. The company's fifty day simple moving average is $43.79 and its 200 day simple moving average is $43.80. Oddity Tech has a 12-month low of $30.34 and a 12-month high of $62.07.

Oddity Tech (NASDAQ:ODD - Get Free Report) last announced 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. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The company had revenue of $268.08 million for the quarter, compared to the consensus estimate of $260.71 million. During the same period in the previous year, the business earned $0.61 EPS. The firm's revenue was up 26.7% compared to the same quarter last year. Research analysts expect that Oddity Tech will post 1.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB purchased a new position in shares of Oddity Tech in the 4th quarter worth approximately $797,000. Harbor Capital Advisors Inc. purchased a new position in Oddity Tech in the fourth quarter worth $1,767,000. Penn Capital Management Company LLC bought a new position in Oddity Tech in the 4th quarter valued at $8,690,000. Geode Capital Management LLC increased its position in shares of Oddity Tech by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 63,625 shares of the company's stock valued at $2,569,000 after purchasing an additional 750 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Oddity Tech by 33.2% during the 4th quarter. Blue Trust Inc. now owns 6,437 shares of the company's stock worth $260,000 after purchasing an additional 1,603 shares during the period. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

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.

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