Oddity Tech (NASDAQ:ODD) Hits New 1-Year High - Time to Buy?

Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $76.94 and last traded at $76.66, with a volume of 417225 shares traded. The stock had previously closed at $74.43.

Analyst Ratings Changes

ODD has been the subject of several recent analyst reports. Bank of America increased their price target on Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. JMP Securities restated a "market outperform" rating and issued a $66.00 price target on shares of Oddity Tech in a report on Tuesday, April 22nd. KeyCorp lowered their price target on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. The Goldman Sachs Group increased their price target on Oddity Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. upped their price objective on Oddity Tech from $63.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $59.00.

Oddity Tech Price Performance

The firm has a 50-day moving average of $55.52 and a 200 day moving average of $48.47. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 47.12, a PEG ratio of 1.48 and a beta of 3.44.

Oddity Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly 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 return on equity of 29.02% and a net margin of 16.32%. The firm had revenue of $268.08 million during the quarter, compared to analysts' expectations of $260.71 million. During the same period in the prior year, the firm posted $0.61 earnings per share. The business's quarterly revenue was up 26.7% compared to the same quarter last year. On average, equities analysts forecast that Oddity Tech Ltd. will post 1.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ODD. Mark Sheptoff Financial Planning LLC bought a new position in shares of Oddity Tech during the fourth quarter worth approximately $42,000. Deutsche Bank AG increased its position in Oddity Tech by 65.0% in the 1st quarter. Deutsche Bank AG now owns 1,340 shares of the company's stock valued at $58,000 after buying an additional 528 shares in the last quarter. Wells Fargo & Company MN boosted its stake in 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. Wilmington Savings Fund Society FSB boosted its stake in shares of Oddity Tech by 49.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,650 shares of the company's stock worth $153,000 after buying an additional 1,200 shares during the last quarter. Finally, Federated Hermes Inc. purchased a new position in shares of Oddity Tech in the 1st quarter worth approximately $190,000. 35.88% of the stock is owned by institutional investors and hedge funds.

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.