Oddity Tech's (ODD) "Market Outperform" Rating Reiterated at JMP Securities

Oddity Tech (NASDAQ:ODD - Get Free Report)'s stock had its "market outperform" rating reaffirmed by stock analysts at JMP Securities in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $66.00 price target on the stock. JMP Securities' price objective would indicate a potential upside of 49.15% from the company's previous close.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. initiated coverage on Oddity Tech in a research report on Friday, January 31st. They issued an "overweight" rating and a $55.00 price target for the company. KeyCorp dropped their price target on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. 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 report on Thursday, February 27th. Finally, Bank of America boosted their target price on Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $53.25.

Oddity Tech Stock Performance

ODD stock traded up $0.35 during midday trading on Tuesday, reaching $44.25. 419,444 shares of the company traded hands, compared to its average volume of 512,939. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 1.48 and a beta of 3.73. Oddity Tech has a 52-week low of $30.34 and a 52-week high of $51.00. The business has a 50 day moving average of $43.37 and a 200-day moving average of $43.57.

Institutional Investors Weigh In On Oddity Tech

Several hedge funds 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 worth about $42,000. R Squared Ltd purchased a new stake in shares of Oddity Tech in the 4th quarter worth approximately $61,000. Wilmington Savings Fund Society FSB bought a new position in shares of Oddity Tech during the third quarter valued at approximately $99,000. Wells Fargo & Company MN increased its holdings in Oddity Tech by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock valued at $126,000 after buying an additional 449 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Oddity Tech in the fourth quarter worth approximately $246,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Oddity Tech Company Profile

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.