Barclays Issues Positive Forecast for Oddity Tech (NASDAQ:ODD) Stock Price

Oddity Tech (NASDAQ:ODD) had its target price hoisted by Barclays from $39.00 to $42.00 in a research report released on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Oddity Tech Stock Performance

Oddity Tech stock opened at $42.39 on Monday. The company has a 50 day moving average price of $39.14 and a 200 day moving average price of $38.92. Oddity Tech has a 52 week low of $30.34 and a 52 week high of $50.36. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 25.85, a P/E/G ratio of 1.52 and a beta of 4.40.

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

Institutional Investors Weigh In On Oddity Tech

Several institutional investors and hedge funds have recently modified their holdings of the business. Bamco Inc. NY grew its holdings in Oddity Tech by 0.8% during the third quarter. Bamco Inc. NY now owns 1,246,046 shares of the company’s stock valued at $50,315,000 after purchasing an additional 9,665 shares during the last quarter. PDT Partners LLC boosted its holdings in shares of Oddity Tech by 39.2% during the 3rd quarter. PDT Partners LLC now owns 91,610 shares of the company’s stock worth $3,699,000 after buying an additional 25,789 shares during the period. Verition Fund Management LLC grew its stake in Oddity Tech by 7.2% in the 3rd quarter. Verition Fund Management LLC now owns 35,248 shares of the company’s stock valued at $1,423,000 after buying an additional 2,368 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Oddity Tech by 4.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,104 shares of the company’s stock worth $2,387,000 after acquiring an additional 2,665 shares during the period. Finally, Aurora Investment Counsel acquired a new position in Oddity Tech during the 3rd quarter worth $2,056,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

About Oddity Tech

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.