Analysts Set Oddity Tech Ltd. (NASDAQ:ODD) Price Target at $52.83

Oddity Tech Ltd. (NASDAQ:ODD) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $53.33.

Separately, Barclays raised their price target on shares of Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday.

Oddity Tech Trading Down 2.4 %

Shares of ODD stock opened at $44.61 on Thursday. The company has a market capitalization of $2.54 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 1.55 and a beta of 4.40. The firm has a fifty day simple moving average of $38.99 and a 200-day simple moving average of $38.89. Oddity Tech has a twelve month low of $30.23 and a twelve month high of $50.36.

Oddity Tech (NASDAQ:ODD) last announced its earnings results on Wednesday, November 6th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.10. The business had revenue of $119.00 million during the quarter, compared to the consensus estimate of $116.47 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. Equities research analysts predict that Oddity Tech will post 1.46 EPS for the current year.

Institutional Trading of Oddity Tech

Large investors have recently modified their holdings of the company. nVerses Capital LLC acquired a new stake in shares of Oddity Tech in the 2nd quarter worth about $102,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Oddity Tech in the 2nd quarter worth about $102,000. Federated Hermes Inc. acquired a new stake in shares of Oddity Tech in the 2nd quarter worth about $113,000. Mendota Financial Group LLC acquired a new stake in shares of Oddity Tech in the 3rd quarter worth about $162,000. Finally, Blue Trust Inc. increased its stake in Oddity Tech by 13.3% during the 3rd quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock valued at $190,000 after buying an additional 566 shares during the period. Institutional investors and hedge funds 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.