Oddity Tech (NASDAQ:ODD) Price Target Raised to $65.00

Oddity Tech (NASDAQ:ODD) had its price target raised by Truist Financial from $60.00 to $65.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently commented on the stock. Bank of America boosted their price target on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Barclays boosted their target price 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. JPMorgan Chase & Co. cut their price target on Oddity Tech from $56.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. KeyCorp decreased their price objective on Oddity Tech from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, JMP Securities reissued a “market outperform” rating and issued a $66.00 target price on shares of Oddity Tech in a report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Oddity Tech presently has an average rating of “Moderate Buy” and an average target price of $54.63.

Oddity Tech Stock Down 1.0 %

Shares of Oddity Tech stock opened at $63.26 on Thursday. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 1.48 and a beta of 3.73. The stock’s 50-day simple moving average is $44.56 and its 200-day simple moving average is $44.13. Oddity Tech has a 52 week low of $30.34 and a 52 week high of $65.42.

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

Institutional Trading of Oddity Tech

Institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB purchased a new stake in shares of Oddity Tech in the fourth quarter valued at $797,000. Harbor Capital Advisors Inc. purchased a new stake in Oddity Tech in the 4th quarter worth about $1,767,000. Penn Capital Management Company LLC bought a new stake in Oddity Tech in the fourth quarter worth about $8,690,000. Geode Capital Management LLC boosted its position in shares of Oddity Tech by 1.2% during the third quarter. Geode Capital Management LLC now owns 63,625 shares of the company’s stock valued at $2,569,000 after buying an additional 750 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Oddity Tech by 33.2% during the fourth quarter. Blue Trust Inc. now owns 6,437 shares of the company’s stock valued at $260,000 after buying an additional 1,603 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors.

Oddity Tech Company Profile

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.