Oddity Tech Sees Unusually Large Options Volume (NASDAQ:ODD)

Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report) was the target of some unusual options trading on Tuesday. Stock traders purchased 2,198 put options on the company. This is an increase of 112% compared to the typical volume of 1,038 put options.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ODD shares. Truist Financial upped their price objective on Oddity Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. KeyCorp cut their target price on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. The Goldman Sachs Group lifted their price objective on Oddity Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Bank of America raised their target price on Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Barclays increased their price target on shares of Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Oddity Tech presently has a consensus rating of "Moderate Buy" and an average target price of $54.63.

Oddity Tech Price Performance

NASDAQ:ODD traded down $8.78 on Tuesday, hitting $61.30. 1,818,441 shares of the company's stock were exchanged, compared to its average volume of 553,588. The firm has a 50-day moving average price of $47.18 and a 200-day moving average price of $45.35. Oddity Tech has a 52 week low of $32.71 and a 52 week high of $73.00. The company has a market cap of $3.42 billion, a P/E ratio of 36.41, a price-to-earnings-growth ratio of 1.48 and a beta of 3.44.

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

Hedge Funds Weigh In On Oddity Tech

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Oddity Tech in the fourth quarter valued at about $42,000. Deutsche Bank AG lifted its holdings in shares of Oddity Tech by 65.0% during the 1st quarter. Deutsche Bank AG now owns 1,340 shares of the company's stock worth $58,000 after acquiring an additional 528 shares during the period. R Squared Ltd acquired a new stake in shares of Oddity Tech during the 4th quarter worth approximately $61,000. Wells Fargo & Company MN lifted its stake in 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 during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings 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 worth $153,000 after buying an additional 1,200 shares in the last quarter. Institutional investors and hedge funds 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.

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