Oddity Tech Ltd. (NASDAQ:ODD) Receives $53.38 Average PT from Analysts

Oddity Tech Ltd. (NASDAQ:ODDGet Free Report) has earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $53.38.

A number of equities analysts have recently weighed in on ODD shares. Morgan Stanley lifted their price target on shares of Oddity Tech from $35.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. JMP Securities reiterated a “market outperform” rating and set a $66.00 target price on shares of Oddity Tech in a report on Thursday, March 7th. Bank of America boosted their target price on shares of Oddity Tech from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Evercore ISI initiated coverage on shares of Oddity Tech in a report on Thursday, April 4th. They issued an “outperform” rating and a $57.00 target price on the stock. Finally, Barclays reduced their target price on shares of Oddity Tech from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday, May 10th.

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Institutional Trading of Oddity Tech

Large investors have recently made changes to their positions in the company. Moody National Bank Trust Division acquired a new stake in shares of Oddity Tech during the 4th quarter valued at $1,211,000. FMR LLC bought a new stake in shares of Oddity Tech in the 3rd quarter valued at $47,208,000. Baillie Gifford & Co. bought a new stake in shares of Oddity Tech in the 3rd quarter valued at $157,621,000. Y.D. More Investments Ltd boosted its position in Oddity Tech by 10.8% during the fourth quarter. Y.D. More Investments Ltd now owns 399,550 shares of the company’s stock valued at $18,591,000 after acquiring an additional 39,000 shares during the last quarter. Finally, Ibex Investors LLC acquired a new stake in shares of Oddity Tech during the 3rd quarter worth approximately $2,855,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Oddity Tech Stock Performance

NASDAQ ODD opened at $40.99 on Thursday. The stock has a market capitalization of $2.33 billion and a P/E ratio of 34.16. Oddity Tech has a 52 week low of $24.12 and a 52 week high of $56.00. The stock has a fifty day moving average of $38.39 and a 200-day moving average of $39.77.

Oddity Tech (NASDAQ:ODDGet Free Report) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $97.25 million for the quarter, compared to the consensus estimate of $86.38 million. Oddity Tech had a return on equity of 26.10% and a net margin of 12.97%. Equities research analysts forecast that Oddity Tech will post 1.3 earnings per share for the current fiscal year.

About Oddity Tech

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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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Analyst Recommendations for Oddity Tech (NASDAQ:ODD)

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