Oddity Tech (NASDAQ:ODD) Shares Down 2.6% - Time to Sell?

Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report) shares fell 2.6% during mid-day trading on Thursday . The company traded as low as $43.27 and last traded at $43.51. 145,535 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 644,259 shares. The stock had previously closed at $44.67.

Wall Street Analysts Forecast Growth

ODD has been the subject of a number of research reports. Barclays upped their target price 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 lifted their target price on Oddity Tech from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Finally, 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $53.00.

Oddity Tech Trading Down 2.7 %

The stock has a 50 day simple moving average of $43.81 and a 200-day simple moving average of $40.68. The firm has a market cap of $2.47 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 1.49 and a beta of 4.46.

Oddity Tech (NASDAQ:ODD - Get Free Report) last released its earnings results 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%. The firm's revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share. On average, equities research analysts expect that Oddity Tech Ltd. will post 1.64 EPS for the current year.

Institutional Trading of Oddity Tech

A number of institutional investors and hedge funds have recently bought and sold shares of ODD. Wilmington Savings Fund Society FSB purchased a new stake in shares of Oddity Tech during the 3rd quarter worth approximately $99,000. nVerses Capital LLC purchased a new stake in Oddity Tech during the second quarter valued at $102,000. Public Employees Retirement Association of Colorado bought a new position in Oddity Tech during the second quarter valued at $102,000. Federated Hermes Inc. purchased a new position in shares of Oddity Tech in the 2nd quarter worth $113,000. Finally, Quarry LP purchased a new position in shares of Oddity Tech in the 3rd quarter worth $122,000. 35.88% of the stock is currently owned by institutional investors.

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.