Oddity Tech (NASDAQ:ODD) Stock Price Up 4.2% - Should You Buy?

Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report)'s stock price traded up 4.2% on Monday . The stock traded as high as $43.72 and last traded at $44.74. 30,790 shares traded hands during trading, a decline of 94% from the average session volume of 536,094 shares. The stock had previously closed at $42.94.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Bank of America increased their target price on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Barclays raised their target price on Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. 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 price objective on the stock. Morgan Stanley boosted 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, KeyCorp increased their price target on Oddity Tech from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $53.00.

Oddity Tech Stock Down 8.0 %

The business has a fifty day simple moving average of $44.65 and a two-hundred day simple moving average of $43.21. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 23.15, a P/E/G ratio of 1.48 and a beta of 3.73.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ODD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Oddity Tech by 4.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,104 shares of the company's stock valued at $2,387,000 after acquiring an additional 2,665 shares during the last quarter. Verition Fund Management LLC boosted its stake in shares of Oddity Tech by 7.2% during the 3rd quarter. Verition Fund Management LLC now owns 35,248 shares of the company's stock worth $1,423,000 after acquiring an additional 2,368 shares during the period. Centiva Capital LP raised its holdings in Oddity Tech by 23.1% in the 3rd quarter. Centiva Capital LP now owns 9,624 shares of the company's stock valued at $389,000 after acquiring an additional 1,804 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Oddity Tech by 11.1% during the third quarter. Janus Henderson Group PLC now owns 492,198 shares of the company's stock worth $19,877,000 after buying an additional 49,101 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in Oddity Tech by 88.6% during the third quarter. Point72 Asset Management L.P. now owns 16,600 shares of the company's stock worth $670,000 after buying an additional 7,800 shares in the last quarter. Institutional investors 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.