Oddity Tech (NASDAQ:ODD) Trading Up 4.2% - Still a Buy?

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

Analysts Set New Price Targets

ODD has been the topic of a number of analyst reports. Morgan Stanley increased their price target on Oddity Tech from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Bank of America increased their target price on Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. KeyCorp boosted their price target on Oddity Tech from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Wednesday, January 8th. Barclays increased their price objective on shares of Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. began coverage on shares of Oddity Tech in a research report on Friday, January 31st. They issued an "overweight" rating and a $55.00 target price for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Oddity Tech currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.00.

Oddity Tech Price Performance

The stock has a market cap of $2.55 billion, a P/E ratio of 27.85, a PEG ratio of 1.48 and a beta of 4.20. The stock has a 50-day simple moving average of $44.64 and a 200-day simple moving average of $43.19.

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Institutional Investors Weigh In On Oddity Tech

Several hedge funds and other institutional investors have recently made changes to their positions in ODD. Nordea Investment Management AB acquired a new stake in Oddity Tech in the fourth quarter valued at approximately $797,000. Harbor Capital Advisors Inc. bought a new position in shares of Oddity Tech in the 4th quarter valued at $1,767,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Oddity Tech by 4.7% during 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 in the last quarter. State Street Corp grew its position in Oddity Tech by 5.7% during the 3rd quarter. State Street Corp now owns 236,199 shares of the company's stock worth $9,538,000 after acquiring an additional 12,700 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Oddity Tech by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 63,625 shares of the company's stock worth $2,569,000 after purchasing an additional 750 shares in the last quarter. 35.88% of the stock is owned by 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.