ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report)'s stock price rose 5.4% during trading on Friday after Bank of America raised their price target on the stock from $68.00 to $80.00. Bank of America currently has a buy rating on the stock. ODDITY Tech traded as high as $75.35 and last traded at $75.53. Approximately 139,545 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 591,799 shares. The stock had previously closed at $71.69.
Several other research analysts have also commented on ODD. Barclays boosted their price objective on shares of ODDITY Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. JMP Securities reaffirmed a "market outperform" rating and set a $66.00 price target on shares of ODDITY Tech in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. increased their price objective on ODDITY Tech from $63.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, June 3rd. Truist Financial raised their price objective 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, KeyCorp reduced their target price on ODDITY Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $61.75.
Get Our Latest Stock Report on ODD
Institutional Investors Weigh In On ODDITY Tech
Institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in shares of ODDITY Tech by 267.8% in the first quarter. Acadian Asset Management LLC now owns 135,210 shares of the company's stock worth $5,838,000 after acquiring an additional 98,453 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in ODDITY Tech by 16.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,117 shares of the company's stock worth $3,293,000 after purchasing an additional 10,582 shares during the period. Woodline Partners LP raised its stake 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 buying an additional 310,602 shares during the last quarter. Rip Road Capital Partners LP acquired a new position in shares of ODDITY Tech in the 1st quarter valued at about $2,513,000. Finally, Granahan Investment Management LLC boosted its stake in shares of ODDITY Tech by 1.1% in the first quarter. Granahan Investment Management LLC now owns 1,555,191 shares of the company's stock worth $67,278,000 after buying an additional 16,993 shares during the last quarter. Institutional investors and hedge funds own 35.88% of the company's stock.
ODDITY Tech Price Performance
The firm has a fifty day moving average of $66.05 and a 200 day moving average of $51.71. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 43.37, a price-to-earnings-growth ratio of 3.50 and a beta of 3.46.
ODDITY Tech (NASDAQ:ODD - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.06. The company had revenue of $268.08 million during the quarter, compared to analysts' expectations of $260.71 million. ODDITY Tech had a return on equity of 30.67% and a net margin of 15.12%. ODDITY Tech's quarterly revenue was up 26.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. Research analysts predict that ODDITY Tech Ltd. will post 1.62 EPS for the current year.
ODDITY Tech Company Profile
(
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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