Oddity Tech (NASDAQ:ODD) Earns Market Outperform Rating from JMP Securities

Oddity Tech (NASDAQ:ODD - Get Free Report)'s stock had its "market outperform" rating reissued by equities researchers at JMP Securities in a report released on Tuesday,Benzinga reports. They presently have a $66.00 price target on the stock. JMP Securities' price objective indicates a potential upside of 49.15% from the company's current price.

ODD has been the subject of a number of other research reports. KeyCorp lowered their price objective on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. initiated coverage on Oddity Tech in a research note on Friday, January 31st. They issued an "overweight" rating and a $55.00 target price for the company. Barclays raised their price target on Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Finally, Bank of America boosted their price objective on Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Oddity Tech has an average rating of "Moderate Buy" and an average price target of $53.25.

Oddity Tech Stock Up 0.8 %

NASDAQ ODD traded up $0.35 during trading on Tuesday, reaching $44.25. 419,444 shares of the stock traded hands, compared to its average volume of 512,881. Oddity Tech has a fifty-two week low of $30.34 and a fifty-two week high of $51.00. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.48 and a beta of 3.73. The stock's 50-day moving average price is $43.37 and its 200 day moving average price is $43.59.

Institutional Investors Weigh In On Oddity Tech

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in Oddity Tech by 71.9% during the fourth quarter. Janus Henderson Group PLC now owns 846,281 shares of the company's stock worth $35,539,000 after purchasing an additional 354,083 shares during the last quarter. Capital International Investors lifted its position in Oddity Tech by 29.5% during the 4th quarter. Capital International Investors now owns 1,365,744 shares of the company's stock worth $57,389,000 after buying an additional 311,401 shares in the last quarter. J. Goldman & Co LP boosted its stake in shares of Oddity Tech by 322.5% during the 4th quarter. J. Goldman & Co LP now owns 307,375 shares of the company's stock worth $12,916,000 after buying an additional 234,625 shares during the last quarter. Norges Bank bought a new position in shares of Oddity Tech in the 4th quarter valued at about $9,470,000. Finally, Granahan Investment Management LLC increased its position in shares of Oddity Tech by 15.9% in the fourth quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company's stock valued at $64,635,000 after acquiring an additional 211,485 shares during 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.