ODDITY Tech (NASDAQ:ODD) Earns Neutral Rating from JPMorgan Chase & Co.

ODDITY Tech (NASDAQ:ODDGet Free Report)‘s stock had its “neutral” rating reissued by stock analysts at JPMorgan Chase & Co. in a research note issued on Thursday, MarketBeat.com reports. They currently have a $16.00 price objective on the stock, down from their previous price objective of $59.00. JPMorgan Chase & Co.‘s price target points to a potential upside of 35.94% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. KeyCorp reissued an “overweight” rating on shares of ODDITY Tech in a research note on Friday, February 20th. Zacks Research lowered shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Barclays restated an “underweight” rating and issued a $13.00 price target (down from $40.00) on shares of ODDITY Tech in a research note on Thursday. Truist Financial reaffirmed a “hold” rating and set a $18.00 price objective (down from $80.00) on shares of ODDITY Tech in a research report on Wednesday. Finally, Jefferies Financial Group downgraded ODDITY Tech from a “buy” rating to a “hold” rating and dropped their target price for the stock from $64.00 to $18.00 in a report on Wednesday. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $31.73.

View Our Latest Stock Report on ODD

ODDITY Tech Price Performance

Shares of ODD stock opened at $11.77 on Thursday. The business’s fifty day moving average is $33.37 and its 200 day moving average is $45.25. The company has a quick ratio of 6.42, a current ratio of 7.54 and a debt-to-equity ratio of 1.53. The stock has a market cap of $657.12 million, a price-to-earnings ratio of 6.54, a PEG ratio of 0.55 and a beta of 3.18. ODDITY Tech has a twelve month low of $11.61 and a twelve month high of $79.18.

ODDITY Tech (NASDAQ:ODDGet Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.14 by $0.06. The business had revenue of $152.73 million during the quarter, compared to analyst estimates of $151.11 million. ODDITY Tech had a return on equity of 30.74% and a net margin of 13.68%.The company’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share. Research analysts expect that ODDITY Tech will post 1.62 EPS for the current fiscal year.

Hedge Funds Weigh In On ODDITY Tech

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ODD. Wexford Capital LP purchased a new stake in ODDITY Tech during the 3rd quarter valued at $40,000. Assetmark Inc. purchased a new position in shares of ODDITY Tech in the second quarter worth $54,000. Legal & General Group Plc bought a new position in shares of ODDITY Tech during the second quarter valued at $71,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of ODDITY Tech by 134.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company’s stock valued at $69,000 after buying an additional 651 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of ODDITY Tech during the second quarter valued at $108,000. 35.88% of the stock is owned by institutional investors.

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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. The company sells beauty, hair, and skin products under the IL MAKIAGE and SpoiledChild brands.

Further Reading

Analyst Recommendations for ODDITY Tech (NASDAQ:ODD)

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