ODDITY Tech (NASDAQ:ODD) Given Market Outperform Rating at JMP Securities

Key Points

• ODDITY Tech's stock has a "market outperform" rating from JMP Securities with a price target of $80.00, suggesting a potential upside of 30.72% from the previous close.
• Following a recent earnings report, ODDITY Tech exceeded EPS estimates with $0.92 reported compared to a consensus of $0.88, and quarterly revenue increased by 25.1% year-over-year.
• Investment analysts have rated ODDITY Tech positively, with six ratings as "Buy" and three as "Hold", resulting in an average target price of $74.56.

ODDITY Tech (NASDAQ:ODD - Get Free Report)'s stock had its "market outperform" rating reaffirmed by JMP Securities in a report released on Tuesday,Benzinga reports. They presently have a $80.00 price target on the stock. JMP Securities' target price would suggest a potential upside of 30.72% from the stock's previous close.

ODD has been the subject of several other reports. KeyCorp lifted their price objective on shares of ODDITY Tech from $65.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Morgan Stanley increased their price target on ODDITY Tech from $56.00 to $61.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Needham & Company LLC assumed coverage on ODDITY Tech in a report on Thursday, August 28th. They set a "buy" rating and a $72.00 price objective for the company. Bank of America lifted their target price on ODDITY Tech from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Finally, Truist Financial lifted their target price on ODDITY Tech from $65.00 to $78.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, ODDITY Tech presently has an average rating of "Moderate Buy" and an average price target of $74.56.

ODDITY Tech Price Performance

NASDAQ:ODD opened at $61.20 on Tuesday. The stock has a market cap of $3.42 billion, a PE ratio of 33.91, a P/E/G ratio of 2.98 and a beta of 3.25. The company has a quick ratio of 5.57, a current ratio of 6.32 and a debt-to-equity ratio of 1.66. The business's 50-day simple moving average is $63.75 and its two-hundred day simple moving average is $60.67. ODDITY Tech has a 52 week low of $34.97 and a 52 week high of $79.18.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.88 by $0.04. The firm had revenue of $241.14 million for the quarter, compared to the consensus estimate of $237.44 million. ODDITY Tech had a net margin of 14.65% and a return on equity of 32.17%. The company's quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. ODDITY Tech has set its Q3 2025 guidance at 0.330-0.360 EPS. FY 2025 guidance at 1.990-2.040 EPS. As a group, analysts forecast that ODDITY Tech will post 1.62 EPS for the current fiscal year.

Institutional Investors Weigh In On ODDITY Tech

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its holdings in shares of ODDITY Tech by 4.8% in the 1st quarter. Baillie Gifford & Co. now owns 6,255,326 shares of the company's stock valued at $270,605,000 after acquiring an additional 285,745 shares during the period. Massachusetts Financial Services Co. MA lifted its position in ODDITY Tech by 32.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,709,195 shares of the company's stock worth $128,993,000 after acquiring an additional 419,702 shares during the period. Granahan Investment Management LLC increased its holdings 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 valued at $67,278,000 after purchasing an additional 16,993 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of ODDITY Tech by 8,711.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 835,315 shares of the company's stock worth $63,041,000 after purchasing an additional 825,835 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of ODDITY Tech by 507.8% during the second quarter. Acadian Asset Management LLC now owns 821,759 shares of the company's stock worth $61,984,000 after purchasing an additional 686,549 shares during the period. 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.

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