Oddity Tech (NASDAQ:ODD) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Oddity Tech (NASDAQ:ODD - Free Report) in a report issued on Friday, Marketbeat reports. The brokerage issued an overweight rating and a $55.00 price target on the stock.

Other research analysts have also issued reports about the stock. Barclays increased their price objective on shares of Oddity Tech from $39.00 to $42.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. 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. KeyCorp boosted their price objective on shares of Oddity Tech from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group started coverage on Oddity Tech in a research report on Friday, December 13th. They issued a "neutral" rating and a $48.00 target price on the stock. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $53.11.

Oddity Tech Stock Up 2.0 %

Shares of ODD traded up $0.96 on Friday, hitting $48.39. 351,507 shares of the stock traded hands, compared to its average volume of 399,675. Oddity Tech has a 1 year low of $30.34 and a 1 year high of $51.00. The stock's 50 day moving average is $45.21 and its two-hundred day moving average is $41.35. The firm has a market capitalization of $2.75 billion, a P/E ratio of 29.51, a P/E/G ratio of 1.51 and a beta of 4.34.

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

Institutional Investors Weigh In On Oddity Tech

Several hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund increased its position in shares of Oddity Tech by 18,799.2% during the fourth quarter. New York State Common Retirement Fund now owns 144,390 shares of the company's stock worth $6,067,000 after acquiring an additional 143,626 shares during the last quarter. Peregrine Capital Management LLC increased its holdings in Oddity Tech by 1.9% during the 4th quarter. Peregrine Capital Management LLC now owns 146,155 shares of the company's stock worth $6,141,000 after purchasing an additional 2,719 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Oddity Tech by 1.1% in the 4th quarter. D.A. Davidson & CO. now owns 25,838 shares of the company's stock valued at $1,086,000 after purchasing an additional 273 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Oddity Tech during the fourth quarter worth approximately $746,000. Finally, Blue Trust Inc. increased its position in shares of Oddity Tech by 35.8% in the 4th quarter. Blue Trust Inc. now owns 6,565 shares of the company's stock worth $276,000 after purchasing an additional 1,731 shares during the last quarter. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

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.