Brokerages Set Oddity Tech Ltd. (NASDAQ:ODD) Price Target at $52.88

Shares of Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $52.88.

Several equities research analysts have recently commented on ODD shares. Morgan Stanley boosted their price target on Oddity Tech from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Barclays boosted their target price on Oddity Tech from $39.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. The Goldman Sachs Group initiated coverage on Oddity Tech in a research report on Friday, December 13th. They issued a "neutral" rating and a $48.00 price target for the company. Finally, KeyCorp boosted their price objective on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th.

Oddity Tech Price Performance

Shares of ODD stock traded up $0.12 during trading hours on Tuesday, reaching $44.99. 173,657 shares of the company's stock were exchanged, compared to its average volume of 390,809. Oddity Tech has a 1 year low of $30.34 and a 1 year high of $51.00. The company has a market cap of $2.56 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 1.42 and a beta of 4.30. The company's 50 day moving average is $44.72 and its two-hundred day moving average is $41.08.

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

Institutional Investors Weigh In On Oddity Tech

Several hedge funds have recently modified their holdings of the company. American Century Companies Inc. acquired a new stake in shares of Oddity Tech during the second quarter worth $451,000. Federated Hermes Inc. acquired a new stake in Oddity Tech in the 2nd quarter worth about $113,000. Renaissance Technologies LLC purchased a new stake in Oddity Tech in the 2nd quarter valued at about $3,722,000. XTX Topco Ltd grew its holdings in Oddity Tech by 108.7% in the 2nd quarter. XTX Topco Ltd now owns 14,052 shares of the company's stock valued at $552,000 after buying an additional 7,318 shares during the period. Finally, Public Employees Retirement Association of Colorado acquired a new position in shares of Oddity Tech during the 2nd quarter valued at about $102,000. 35.88% of the stock is owned by institutional investors and hedge funds.

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.