Oddity Tech (NASDAQ:ODD) Given New $52.00 Price Target at KeyCorp

Oddity Tech (NASDAQ:ODD - Get Free Report) had its price target boosted by analysts at KeyCorp from $50.00 to $52.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. KeyCorp's price target indicates a potential upside of 19.93% from the stock's previous close.

A number of other research firms also recently weighed in on ODD. Barclays lifted their price target on shares of Oddity Tech from $39.00 to $42.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Morgan Stanley lifted their price objective on Oddity Tech from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group began coverage on Oddity Tech in a report on Friday, December 13th. They set a "neutral" rating and a $48.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $52.88.

Oddity Tech Trading Down 0.1 %

ODD stock traded down $0.06 during mid-day trading on Wednesday, hitting $43.36. 437,331 shares of the company were exchanged, compared to its average volume of 393,426. Oddity Tech has a 1-year low of $30.34 and a 1-year high of $51.00. The business has a 50 day simple moving average of $44.43 and a 200-day simple moving average of $40.83. The stock has a market capitalization of $2.47 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.49 and a beta of 4.30.

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

Institutional Trading of Oddity Tech

A number of hedge funds have recently added to or reduced their stakes in ODD. Nordea Investment Management AB acquired a new position in shares of Oddity Tech during the fourth quarter worth $797,000. Wilmington Savings Fund Society FSB bought a new position in shares of Oddity Tech in the 3rd quarter worth about $99,000. Geode Capital Management LLC lifted its stake in shares of Oddity Tech by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 63,625 shares of the company's stock valued at $2,569,000 after purchasing an additional 750 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Oddity Tech during the 3rd quarter valued at about $349,000. Finally, Main Management ETF Advisors LLC bought a new stake in Oddity Tech in the third quarter worth approximately $846,000. Institutional investors and hedge funds own 35.88% of the company's stock.

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.