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

Shares of Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $53.33.

Separately, Barclays lifted their target price on Oddity Tech from $39.00 to $42.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ODD. Wilmington Savings Fund Society FSB bought a new position in Oddity Tech in the third quarter worth $99,000. nVerses Capital LLC acquired a new stake in Oddity Tech in the 2nd quarter valued at about $102,000. Public Employees Retirement Association of Colorado bought a new position in Oddity Tech in the second quarter valued at about $102,000. Federated Hermes Inc. bought a new stake in shares of Oddity Tech during the second quarter worth approximately $113,000. Finally, Quarry LP acquired a new position in shares of Oddity Tech in the 3rd quarter valued at $122,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Oddity Tech Stock Performance

Shares of NASDAQ ODD traded down $0.97 during trading on Monday, reaching $45.49. The stock had a trading volume of 229,910 shares, compared to its average volume of 658,415. The firm's 50 day moving average price is $41.14 and its two-hundred day moving average price is $39.58. Oddity Tech has a one year low of $30.34 and a one year high of $50.36. The stock has a market cap of $2.59 billion, a PE ratio of 27.86, a P/E/G ratio of 1.40 and a beta of 4.40.

Oddity Tech (NASDAQ:ODD - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.10. The business had revenue of $119.00 million during the quarter, compared to the consensus estimate of $116.47 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The company's quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, research analysts expect that Oddity Tech will post 1.64 earnings per share for the current year.

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.