Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report) shares saw strong trading volume on Tuesday . 653,072 shares changed hands during mid-day trading, an increase of 14% from the previous session's volume of 571,325 shares.The stock last traded at $70.40 and had previously closed at $69.46.
Wall Street Analyst Weigh In
Several research firms have weighed in on ODD. KeyCorp dropped their target price on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. JMP Securities reaffirmed a "market outperform" rating and set a $66.00 price target on shares of Oddity Tech in a research note on Tuesday, April 22nd. Bank of America raised their price target on Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Truist Financial boosted their price target on Oddity Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lifted their price target on Oddity Tech from $63.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 3rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.00.
View Our Latest Analysis on Oddity Tech
Oddity Tech Price Performance
The stock has a market cap of $4.06 billion, a P/E ratio of 44.24, a P/E/G ratio of 1.48 and a beta of 3.45. The company's 50 day simple moving average is $57.88 and its 200 day simple moving average is $49.40.
Oddity Tech (NASDAQ:ODD - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. The firm had revenue of $268.08 million during the quarter, compared to the consensus estimate of $260.71 million. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The business's quarterly revenue was up 26.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 earnings per share. On average, equities research analysts predict that Oddity Tech Ltd. will post 1.62 earnings per share for the current year.
Institutional Trading of Oddity Tech
Hedge funds and other institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB grew its holdings in Oddity Tech by 49.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,650 shares of the company's stock valued at $153,000 after buying an additional 1,200 shares in the last quarter. Blue Trust Inc. boosted its holdings in Oddity Tech by 35.8% in the 4th quarter. Blue Trust Inc. now owns 6,565 shares of the company's stock valued at $276,000 after purchasing an additional 1,731 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Oddity Tech during the 4th quarter valued at $746,000. D.A. Davidson & CO. increased its holdings in shares of Oddity Tech by 1.1% in the fourth quarter. D.A. Davidson & CO. now owns 25,838 shares of the company's stock worth $1,086,000 after purchasing an additional 273 shares during the period. Finally, Peregrine Capital Management LLC raised its position in shares of Oddity Tech by 1.9% in the fourth quarter. Peregrine Capital Management LLC now owns 146,155 shares of the company's stock worth $6,141,000 after buying an additional 2,719 shares in the last quarter. Institutional investors own 35.88% of the company's stock.
About Oddity Tech
(
Get Free Report)
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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