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

Shares of Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $52.43.

Several research analysts have recently commented on ODD shares. Morgan Stanley increased their price target on shares of Oddity Tech from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. The Goldman Sachs Group began coverage on Oddity Tech in a report on Friday, December 13th. They set a "neutral" rating and a $48.00 target price on the stock. Barclays boosted 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. KeyCorp increased their price objective on Oddity Tech from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Wednesday, January 8th. Finally, Bank of America upped their target price on Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th.

Oddity Tech Price Performance

NASDAQ:ODD traded down $1.15 during mid-day trading on Friday, reaching $41.65. The stock had a trading volume of 410,940 shares, compared to its average volume of 527,074. The stock has a market cap of $2.33 billion, a P/E ratio of 25.40, a PEG ratio of 1.48 and a beta of 3.73. The business's 50 day moving average is $43.84 and its 200 day moving average is $43.42. Oddity Tech has a fifty-two week low of $30.34 and a fifty-two week high of $51.00.

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Institutional Trading of Oddity Tech

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Oddity Tech in the fourth quarter valued at approximately $42,000. R Squared Ltd acquired a new position in Oddity Tech during the 4th quarter valued at $61,000. Wilmington Savings Fund Society FSB bought a new stake in Oddity Tech in the 3rd quarter valued at $99,000. Quarry LP acquired a new stake in Oddity Tech in the 3rd quarter worth $122,000. Finally, Wells Fargo & Company MN increased its holdings in shares of 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 during the period. 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.