ODDITY Tech (NASDAQ:ODD) Price Target Raised to $73.00

ODDITY Tech (NASDAQ:ODD - Free Report) had its price target lifted by Barclays from $60.00 to $73.00 in a report published on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their target price on ODDITY Tech from $63.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 3rd. KeyCorp lifted their target price on ODDITY Tech from $65.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday. Bank of America lifted their price objective on ODDITY Tech from $68.00 to $80.00 and gave the company a "buy" rating in a report on Friday, June 27th. JMP Securities reaffirmed a "market outperform" rating and set a $66.00 price objective on shares of ODDITY Tech in a report on Tuesday, April 22nd. Finally, Truist Financial lifted their price objective on ODDITY Tech from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $70.13.

ODDITY Tech Stock Performance

Shares of NASDAQ:ODD traded up $0.95 during midday trading on Tuesday, hitting $74.01. The company's stock had a trading volume of 1,650,748 shares, compared to its average volume of 620,053. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 42.53, a PEG ratio of 3.41 and a beta of 3.30. The stock's 50 day simple moving average is $71.50 and its 200 day simple moving average is $54.16. ODDITY Tech has a fifty-two week low of $32.71 and a fifty-two week high of $79.18.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06. ODDITY Tech had a return on equity of 30.67% and a net margin of 15.12%. The company had revenue of $268.08 million for the quarter, compared to the consensus estimate of $260.71 million. During the same period last year, the business posted $0.61 earnings per share. The firm's revenue was up 26.7% compared to the same quarter last year. As a group, analysts anticipate that ODDITY Tech will post 1.62 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC raised its position in ODDITY Tech by 71.9% in the 4th quarter. Janus Henderson Group PLC now owns 846,281 shares of the company's stock worth $35,539,000 after purchasing an additional 354,083 shares during the last quarter. Capital International Investors raised its position in ODDITY Tech by 29.5% in the 4th quarter. Capital International Investors now owns 1,365,744 shares of the company's stock worth $57,389,000 after purchasing an additional 311,401 shares during the last quarter. Woodline Partners LP raised its position in shares of ODDITY Tech by 239.1% during the 1st quarter. Woodline Partners LP now owns 440,533 shares of the company's stock valued at $19,057,000 after acquiring an additional 310,602 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of ODDITY Tech by 4.8% during 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 last quarter. Finally, J. Goldman & Co LP raised its position in shares of ODDITY Tech by 322.5% during the 4th quarter. J. Goldman & Co LP now owns 307,375 shares of the company's stock valued at $12,916,000 after acquiring an additional 234,625 shares during the last quarter. 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.