Oddity Tech (NASDAQ:ODD) Hits New 12-Month High - Here's What Happened

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

Analysts Set New Price Targets

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

Oddity Tech Price Performance

The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 47.16, a P/E/G ratio of 1.48 and a beta of 3.44. The company's 50-day simple moving average is $56.20 and its 200-day simple moving average is $48.73.

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. 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 for the quarter, compared to analyst estimates of $260.71 million. During the same period in the prior year, the firm posted $0.61 EPS. The company's revenue for the quarter was up 26.7% on a year-over-year basis. Research analysts expect that Oddity Tech Ltd. will post 1.62 earnings per share for the current year.

Institutional Trading of Oddity Tech

Institutional investors have recently bought and sold shares of the business. Woodline Partners LP acquired a new stake in Oddity Tech during the fourth quarter worth approximately $5,460,000. Penn Capital Management Company LLC acquired a new stake in shares of Oddity Tech during the 4th quarter worth $8,690,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Oddity Tech in the fourth quarter worth $329,000. Wells Fargo & Company MN increased its position in shares of Oddity Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after purchasing an additional 449 shares during the period. Finally, Norges Bank acquired a new position in Oddity Tech in the fourth quarter valued at about $9,470,000. 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.