The Goldman Sachs Group Begins Coverage on Oddity Tech (NASDAQ:ODD)

Research analysts at The Goldman Sachs Group started coverage on shares of Oddity Tech (NASDAQ:ODD - Get Free Report) in a note issued to investors on Friday, MarketBeat.com reports. The firm set a "neutral" rating and a $48.00 price target on the stock. The Goldman Sachs Group's target price indicates a potential downside of 2.93% from the stock's previous close.

A number of other brokerages also recently commented on ODD. Barclays boosted their target price 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. Morgan Stanley raised their price objective on shares of Oddity Tech from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Oddity Tech presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.00.

Oddity Tech Stock Down 1.0 %

Shares of NASDAQ ODD traded down $0.50 during mid-day trading on Friday, hitting $49.45. 521,222 shares of the company traded hands, compared to its average volume of 652,918. Oddity Tech has a 1 year low of $30.34 and a 1 year high of $51.00. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 1.43 and a beta of 4.45. The business has a 50 day moving average of $42.68 and a two-hundred day moving average of $40.05.

Oddity Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.22 by $0.10. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The business had revenue of $119.00 million during the quarter, compared to the consensus estimate of $116.47 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The firm's quarterly revenue was up 26.0% on a year-over-year basis. As a group, research analysts anticipate that Oddity Tech will post 1.64 EPS for the current year.

Hedge Funds Weigh In On Oddity Tech

Several institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Oddity Tech during the third quarter valued at approximately $99,000. nVerses Capital LLC acquired a new stake in shares of Oddity Tech in the 2nd quarter valued at $102,000. Public Employees Retirement Association of Colorado bought a new stake in shares of Oddity Tech during the second quarter worth $102,000. Federated Hermes Inc. acquired a new position in shares of Oddity Tech during the second quarter valued at $113,000. Finally, Quarry LP acquired a new position in shares of Oddity Tech during the third quarter valued at $122,000. Institutional investors own 35.88% of the company's stock.

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.