Oddity Tech (NASDAQ:ODD) Price Target Raised to $52.00

Oddity Tech (NASDAQ:ODD) had its target price lifted by The Goldman Sachs Group from $47.00 to $52.00 in a research note released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also weighed in on ODD. Truist Financial boosted their price objective on shares of Oddity Tech from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday. Barclays boosted their price target on Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. JMP Securities reaffirmed a “market outperform” rating and set a $66.00 price objective on shares of Oddity Tech in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on Oddity Tech from $56.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Finally, KeyCorp lowered their target price on shares of Oddity Tech from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $54.63.

Oddity Tech Trading Down 1.0 %

Shares of NASDAQ:ODD opened at $63.26 on Thursday. The stock has a fifty day simple moving average of $44.56 and a two-hundred day simple moving average of $44.13. Oddity Tech has a 12-month low of $30.34 and a 12-month high of $65.42. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 1.48 and a beta of 3.73.

Oddity Tech (NASDAQ:ODD) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. The firm had revenue of $268.08 million during the quarter, compared to analyst estimates of $260.71 million. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. Oddity Tech’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. As a group, equities research analysts predict that Oddity Tech will post 1.62 EPS for the current year.

Hedge Funds Weigh In On Oddity Tech

A number of institutional investors and 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 Oddity Tech in the 4th quarter worth approximately $61,000. Wilmington Savings Fund Society FSB bought a new stake in Oddity Tech during the 3rd quarter worth approximately $99,000. Wells Fargo & Company MN raised its stake in Oddity Tech by 17.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock worth $126,000 after acquiring an additional 449 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Oddity Tech during the fourth quarter valued at approximately $246,000. Hedge funds and other 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.