Oddity Tech Ltd. (NASDAQ:ODD) Receives Average Recommendation of "Moderate Buy" from Analysts

Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $52.83.

Separately, Barclays dropped their price objective on shares of Oddity Tech from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Friday, August 9th.

Oddity Tech Price Performance

ODD traded up $1.55 during midday trading on Friday, reaching $40.76. 360,705 shares of the company's stock traded hands, compared to its average volume of 710,708. Oddity Tech has a 52 week low of $24.12 and a 52 week high of $50.36. The firm has a fifty day moving average of $37.75 and a two-hundred day moving average of $38.11. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 33.97, a P/E/G ratio of 1.37 and a beta of 4.49.

Oddity Tech (NASDAQ:ODD - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.58 by $0.24. Oddity Tech had a net margin of 14.66% and a return on equity of 26.66%. The firm had revenue of $192.77 million during the quarter, compared to analysts' expectations of $188.49 million. During the same period last year, the company posted $0.52 EPS. The company's quarterly revenue was up 27.4% compared to the same quarter last year. Sell-side analysts forecast that Oddity Tech will post 1.46 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. nVerses Capital LLC purchased a new stake in Oddity Tech in the 2nd quarter worth approximately $102,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of Oddity Tech in the second quarter worth $102,000. Federated Hermes Inc. bought a new stake in shares of Oddity Tech during the 2nd quarter valued at $113,000. Mendota Financial Group LLC bought a new position in Oddity Tech in the 3rd quarter worth $162,000. Finally, Knuff & Co LLC increased its stake in Oddity Tech by 43.1% in the 2nd quarter. Knuff & Co LLC now owns 5,013 shares of the company's stock worth $197,000 after buying an additional 1,510 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company's stock.

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.