Oddity Tech (NASDAQ:ODD - Free Report) had its price target cut by KeyCorp from $52.00 to $50.00 in a research report released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.
A number of other equities research analysts have also recently commented on the stock. Barclays upped their target price on shares of Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Bank of America boosted their price target on Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. assumed coverage on Oddity Tech in a research note on Friday, January 31st. They issued an "overweight" rating and a $55.00 target price on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $52.14.
Read Our Latest Analysis on Oddity Tech
Oddity Tech Trading Down 4.1 %
Shares of Oddity Tech stock traded down $1.70 during trading on Wednesday, reaching $40.25. The company's stock had a trading volume of 157,288 shares, compared to its average volume of 515,633. The company has a 50-day moving average price of $43.42 and a two-hundred day moving average price of $43.53. 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 $2.25 billion, a PE ratio of 24.54, a P/E/G ratio of 1.48 and a beta of 3.73.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Oddity Tech during the 4th quarter worth approximately $42,000. R Squared Ltd acquired a new position in shares of Oddity Tech in the fourth quarter worth $61,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Oddity Tech during the third quarter valued at $99,000. Wells Fargo & Company MN increased its position in Oddity Tech by 17.6% during the 4th 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. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Oddity Tech in the 4th quarter valued at about $246,000. Institutional investors and hedge funds own 35.88% of the company's stock.
About Oddity Tech
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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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