Analysts Set Oddity Tech Ltd. (NASDAQ:ODD) Target Price at $53.25

Oddity Tech Ltd. (NASDAQ:ODD) has earned an average rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $54.63.

A number of brokerages have issued reports on ODD. Barclays upped 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. KeyCorp cut their target price on Oddity Tech from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Truist Financial boosted their target price on Oddity Tech from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Bank of America upped their target price on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Oddity Tech from $56.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB bought a new position in Oddity Tech in the 4th quarter valued at $797,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Oddity Tech during the fourth quarter valued at approximately $1,767,000. Penn Capital Management Company LLC purchased a new position in Oddity Tech during the 4th quarter valued at about $8,690,000. Geode Capital Management LLC boosted its stake in shares of Oddity Tech by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 63,625 shares of the company’s stock valued at $2,569,000 after purchasing an additional 750 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Oddity Tech by 33.2% in the fourth quarter. Blue Trust Inc. now owns 6,437 shares of the company’s stock worth $260,000 after purchasing an additional 1,603 shares in the last quarter. Institutional investors and hedge funds own 35.88% of the company’s stock.

Oddity Tech Trading Up 1.4 %

ODD stock opened at $64.13 on Thursday. Oddity Tech has a one year low of $30.34 and a one year high of $65.90. The firm has a 50-day moving average of $44.94 and a two-hundred day moving average of $44.32. The firm has a market capitalization of $3.58 billion, a PE ratio of 39.10, a P/E/G ratio of 1.48 and a beta of 3.44.

Oddity Tech (NASDAQ:ODD) last issued its earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share for the quarter, beating 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 the consensus estimate of $260.71 million. During the same quarter in the prior year, the company earned $0.61 EPS. The firm’s quarterly revenue was up 26.7% on a year-over-year basis. On average, equities research analysts anticipate that Oddity Tech will post 1.62 earnings per share for the current year.

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.