Oddity Tech (NASDAQ:ODD) Trading Up 6.8% Following Analyst Upgrade

Shares of Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report) shot up 6.8% on Friday after Barclays raised their price target on the stock from $42.00 to $46.00. Barclays currently has an equal weight rating on the stock. Oddity Tech traded as high as $47.75 and last traded at $48.19. 111,068 shares changed hands during trading, a decline of 75% from the average session volume of 452,347 shares. The stock had previously closed at $45.11.

Several other brokerages have also recently commented on ODD. Morgan Stanley boosted 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. KeyCorp upped their target price on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Wednesday, January 8th. Bank of America raised their price target on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. The Goldman Sachs Group assumed coverage on shares of Oddity Tech in a research note on Friday, December 13th. They set a "neutral" rating and a $48.00 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Oddity Tech in a report on Friday, January 31st. They issued an "overweight" rating and a $55.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.44.

Institutional Trading of Oddity Tech

Several institutional investors have recently made changes to their positions in ODD. Mark Sheptoff Financial Planning LLC purchased a new stake in Oddity Tech in the fourth quarter valued at $42,000. R Squared Ltd purchased a new stake in Oddity Tech in the 4th quarter valued at about $61,000. Wilmington Savings Fund Society FSB purchased a new stake in Oddity Tech in the 3rd quarter valued at about $99,000. Quarry LP acquired a new position in Oddity Tech in the third quarter valued at about $122,000. Finally, Wells Fargo & Company MN boosted its stake in Oddity Tech by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after buying an additional 449 shares during the period. Hedge funds and other institutional investors own 35.88% of the company's stock.

Oddity Tech Stock Down 0.0 %

The business's 50-day simple moving average is $44.25 and its two-hundred day simple moving average is $42.02. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.48 and a beta of 4.34.

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.