Oddity Tech (NASDAQ:ODD - Free Report) had its target price boosted by Barclays from $39.00 to $42.00 in a report issued on Monday,Benzinga reports. They currently have an equal weight rating on the stock.
Oddity Tech Price Performance
Oddity Tech stock traded up $0.28 during midday trading on Monday, hitting $46.22. 599,713 shares of the company were exchanged, compared to its average volume of 670,413. The company's fifty day moving average price is $38.43 and its 200-day moving average price is $38.65. Oddity Tech has a fifty-two week low of $27.83 and a fifty-two week high of $50.36. The company has a market cap of $2.63 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 1.58 and a beta of 4.40.
Oddity Tech (NASDAQ:ODD - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.10. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The company had revenue of $119.00 million for the quarter, compared to analyst estimates of $116.47 million. During the same period in the prior year, the company posted $0.06 EPS. Oddity Tech's quarterly revenue was up 26.0% on a year-over-year basis. On average, analysts expect that Oddity Tech will post 1.46 EPS for the current fiscal year.
Hedge Funds Weigh In On Oddity Tech
Institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC bought a new stake in shares of Oddity Tech in the 1st quarter valued at approximately $301,000. Oppenheimer & Co. Inc. bought a new stake in shares of Oddity Tech in the 1st quarter valued at approximately $496,000. Swiss National Bank increased its holdings in shares of Oddity Tech by 100.0% in the 1st quarter. Swiss National Bank now owns 62,600 shares of the company's stock valued at $2,720,000 after acquiring an additional 31,300 shares during the last quarter. Sei Investments Co. bought a new stake in shares of Oddity Tech in the 1st quarter valued at approximately $780,000. Finally, Clearbridge Investments LLC increased its holdings in shares of Oddity Tech by 25.9% in the 1st quarter. Clearbridge Investments LLC now owns 731,902 shares of the company's stock valued at $31,801,000 after acquiring an additional 150,434 shares during the last quarter. 35.88% of the stock is owned by institutional investors and hedge funds.
About Oddity Tech
(
Get Free Report)
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.
Further Reading
Before you consider Oddity Tech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oddity Tech wasn't on the list.
While Oddity Tech currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
