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

Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $73.00 and last traded at $71.41, with a volume of 306543 shares trading hands. The stock had previously closed at $71.00.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JPMorgan Chase & Co. cut their target price on Oddity Tech from $56.00 to $50.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group increased their target price on Oddity Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. KeyCorp lowered their price objective on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Barclays lifted their target price on Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Finally, JMP Securities reissued a "market outperform" rating and issued a $66.00 price target on shares of Oddity Tech in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Oddity Tech currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.63.

Oddity Tech Trading Down 0.4%

The stock has a market capitalization of $3.52 billion, a PE ratio of 38.41, a price-to-earnings-growth ratio of 1.48 and a beta of 3.44. The firm has a 50-day moving average price of $48.64 and a 200-day moving average price of $45.94.

Oddity Tech (NASDAQ:ODD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The business had revenue of $268.08 million for the quarter, compared to analyst estimates of $260.71 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The company's revenue for the quarter was up 26.7% on a year-over-year basis. Sell-side analysts expect that Oddity Tech Ltd. will post 1.62 earnings per share for the current fiscal year.

Institutional Trading of Oddity Tech

A number of large investors have recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC bought a new position in shares of Oddity Tech during the 4th quarter worth $42,000. Deutsche Bank AG boosted its position in Oddity Tech by 65.0% during the first quarter. Deutsche Bank AG now owns 1,340 shares of the company's stock worth $58,000 after purchasing an additional 528 shares during the period. R Squared Ltd purchased a new position in shares of Oddity Tech in the fourth quarter worth about $61,000. Wells Fargo & Company MN raised 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 valued at $126,000 after purchasing an additional 449 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of 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. 35.88% of the stock is owned by hedge funds and other institutional investors.

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.