Oddity Tech (NASDAQ:ODD) Shares Gap Down After Analyst Downgrade

Oddity Tech Ltd. (NASDAQ:ODDGet Free Report)’s stock price gapped down prior to trading on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from $56.00 to $50.00. The stock had previously closed at $40.80, but opened at $39.66. JPMorgan Chase & Co. currently has an overweight rating on the stock. Oddity Tech shares last traded at $41.04, with a volume of 11,844 shares trading hands.

ODD has been the topic of several other reports. Bank of America raised 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. Barclays raised their price target on Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. JMP Securities restated a “market outperform” rating and set a $66.00 price objective on shares of Oddity Tech in a research note on Tuesday. Finally, KeyCorp decreased their target price on shares of Oddity Tech from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Oddity Tech presently has an average rating of “Moderate Buy” and an average price target of $53.25.

Get Our Latest Analysis on Oddity Tech

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC acquired a new stake in Oddity Tech in the 4th quarter valued at about $42,000. R Squared Ltd acquired a new stake in Oddity Tech during the fourth quarter valued at approximately $61,000. Wilmington Savings Fund Society FSB bought a new stake in Oddity Tech during the third quarter worth approximately $99,000. Wells Fargo & Company MN grew its position in Oddity Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock worth $126,000 after buying an additional 449 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Oddity Tech in the fourth quarter valued at $246,000. 35.88% of the stock is owned by institutional investors and hedge funds.

Oddity Tech Trading Up 1.8 %

The stock has a fifty day moving average of $43.38 and a 200-day moving average of $43.52. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.48 and a beta of 3.73.

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.

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