Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report)'s stock price was down 4.3% during mid-day trading on Friday . The company traded as low as $44.12 and last traded at $44.80. Approximately 143,034 shares changed hands during trading, a decline of 64% from the average daily volume of 392,895 shares. The stock had previously closed at $46.80.
Analyst Upgrades and Downgrades
A number of research analysts have commented on ODD shares. JPMorgan Chase & Co. started coverage on Oddity Tech in a report on Friday, January 31st. They issued an "overweight" rating and a $55.00 price objective on the stock. Morgan Stanley boosted their price target on Oddity Tech from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. KeyCorp raised their target price on shares of Oddity Tech from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Wednesday, January 8th. The Goldman Sachs Group began coverage on shares of Oddity Tech in a report on Friday, December 13th. They set a "neutral" rating and a $48.00 price target for the company. Finally, Barclays raised their price objective on Oddity Tech from $39.00 to $42.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.11.
Check Out Our Latest Stock Analysis on ODD
Oddity Tech Price Performance
The business's fifty day moving average price is $45.15 and its 200 day moving average price is $41.54. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 1.57 and a beta of 4.34.
Institutional Investors Weigh In On Oddity Tech
Several institutional investors and hedge funds have recently made changes to their positions in ODD. R Squared Ltd acquired a new stake in Oddity Tech in the 4th quarter valued at $61,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Oddity Tech during the third quarter valued at about $99,000. Quarry LP acquired a new stake in shares of Oddity Tech in the 3rd quarter worth about $122,000. Blue Trust Inc. lifted its position in Oddity Tech by 13.3% in the 3rd quarter. Blue Trust Inc. now owns 4,834 shares of the company's stock valued at $190,000 after acquiring an additional 566 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Oddity Tech during the 4th quarter valued at about $246,000. Institutional investors own 35.88% of the company's stock.
About Oddity Tech
(
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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.
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