Brokerages Set Oddity Tech Ltd. (NASDAQ:ODD) PT at $53.25

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have received a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $54.63.

A number of equities analysts recently issued reports on ODD shares. JMP Securities reissued a “market outperform” rating and set a $66.00 price target on shares of Oddity Tech in a report on Tuesday, April 22nd. Bank of America boosted their target price on Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Truist Financial increased their price target on Oddity Tech from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group boosted their price objective on shares of Oddity Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Oddity Tech from $56.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd.

Oddity Tech Stock Down 1.0 %

NASDAQ:ODD opened at $63.26 on Thursday. Oddity Tech has a 52-week low of $30.34 and a 52-week high of $65.42. The stock’s 50 day moving average price is $44.56 and its 200 day moving average price is $44.13. The company has a market capitalization of $3.53 billion, a PE ratio of 38.57, a P/E/G ratio of 1.48 and a beta of 3.73.

Oddity Tech (NASDAQ:ODD) last announced its earnings results on Tuesday, April 29th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $268.08 million for the quarter, compared to analysts’ expectations of $260.71 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The company’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. As a group, sell-side analysts anticipate that Oddity Tech will post 1.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Oddity Tech during the 4th quarter worth approximately $42,000. R Squared Ltd purchased a new stake in Oddity Tech during the fourth quarter worth $61,000. Wilmington Savings Fund Society FSB acquired a new stake in Oddity Tech in the third quarter valued at $99,000. Wells Fargo & Company MN raised its stake in shares of 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 buying an additional 449 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Oddity Tech during the 4th quarter worth $246,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

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.