KeyCorp Boosts ODDITY Tech (NASDAQ:ODD) Price Target to $90.00

ODDITY Tech (NASDAQ:ODD - Get Free Report) had its target price lifted by KeyCorp from $65.00 to $90.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the stock. KeyCorp's price objective points to a potential upside of 25.19% from the company's current price.

A number of other equities research analysts have also recently commented on 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 note on Tuesday, June 3rd. Truist Financial increased their target price on shares of ODDITY Tech from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Bank of America lifted their price target on shares of ODDITY Tech from $68.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, June 27th. JMP Securities reissued a "market outperform" rating and set a $66.00 price objective on shares of ODDITY Tech in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group raised their target price on ODDITY Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $70.13.

ODDITY Tech Stock Down 2.9%

ODD stock traded down $2.12 during mid-day trading on Monday, reaching $71.89. 503,708 shares of the company traded hands, compared to its average volume of 619,634. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 41.32, a P/E/G ratio of 3.41 and a beta of 3.30. ODDITY Tech has a fifty-two week low of $32.71 and a fifty-two week high of $79.18. The firm's 50 day moving average price is $71.50 and its 200 day moving average price is $54.16.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $260.71 million. ODDITY Tech had a net margin of 15.12% and a return on equity of 30.67%. The company's quarterly revenue was up 26.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. On average, analysts anticipate that ODDITY Tech will post 1.62 EPS for the current fiscal year.

Institutional Investors Weigh In On ODDITY Tech

A number of hedge funds and other institutional investors have recently bought and sold shares of ODD. Janney Montgomery Scott LLC bought a new stake in ODDITY Tech during the 1st quarter worth approximately $400,000. Woodline Partners LP purchased a new stake in shares of ODDITY Tech in the fourth quarter worth $5,460,000. Penn Capital Management Company LLC purchased a new stake in shares of ODDITY Tech in the fourth quarter worth $8,690,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of ODDITY Tech in the 4th quarter valued at about $329,000. Finally, Wells Fargo & Company MN grew its holdings in shares of ODDITY Tech by 17.6% during 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 in 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.