Oddity Tech Ltd. (NASDAQ:ODD) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report) have received a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the firm, Marketbeat reports. Two 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 covered the stock in the last year is $52.83.

Separately, Barclays reduced their target price on Oddity Tech from $40.00 to $39.00 and set an "equal weight" rating on the stock in a report on Friday, August 9th.

Oddity Tech Price Performance

Oddity Tech stock traded down $1.32 during mid-day trading on Thursday, reaching $42.12. 336,779 shares of the company were exchanged, compared to its average volume of 668,740. The company has a fifty day simple moving average of $38.13 and a 200-day simple moving average of $38.45. The firm has a market cap of $2.40 billion, a PE ratio of 30.81, a PEG ratio of 1.37 and a beta of 4.40. Oddity Tech has a 12 month low of $27.52 and a 12 month high of $50.36.

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

Institutional Investors Weigh In On Oddity Tech

Several hedge funds have recently modified their holdings of the company. Capital International Investors bought a new position in Oddity Tech during the 1st quarter worth $45,811,000. Hood River Capital Management LLC bought a new position in Oddity Tech during the 2nd quarter worth $23,397,000. Bamco Inc. NY raised its position in Oddity Tech by 40.4% during the 1st quarter. Bamco Inc. NY now owns 1,063,183 shares of the company's stock worth $46,195,000 after purchasing an additional 305,767 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in Oddity Tech by 491.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 295,764 shares of the company's stock worth $11,612,000 after purchasing an additional 245,764 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Oddity Tech during the 2nd quarter worth $6,744,000. Institutional investors and hedge funds 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.