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

Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $53.11.

Several analysts recently weighed in on the company. KeyCorp lifted 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. The Goldman Sachs Group assumed coverage on shares of Oddity Tech in a report on Friday, December 13th. They issued a "neutral" rating and a $48.00 price target for the company. Barclays lifted their price objective on shares of Oddity Tech from $39.00 to $42.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Morgan Stanley upped their target price on Oddity Tech from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. assumed coverage on Oddity Tech in a report on Friday, January 31st. They issued an "overweight" rating and a $55.00 price target on the stock.

Oddity Tech Stock Performance

ODD stock traded up $1.79 during midday trading on Friday, reaching $44.79. The company's stock had a trading volume of 191,990 shares, compared to its average volume of 402,475. Oddity Tech has a 1 year low of $30.34 and a 1 year high of $51.00. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.57 and a beta of 4.34. The stock has a fifty day simple moving average of $44.75 and a two-hundred day simple moving average of $41.62.

Institutional Trading of Oddity Tech

Several large investors have recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Oddity Tech during the fourth quarter worth about $42,000. R Squared Ltd acquired a new stake in Oddity Tech during the 4th quarter valued at approximately $61,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Oddity Tech in the 3rd quarter valued at $99,000. Wells Fargo & Company MN increased its stake in shares of Oddity Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after acquiring an additional 449 shares during the period. Finally, Quarry LP purchased a new position in shares of Oddity Tech during the third quarter worth $122,000. 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.