Brokerages Set Oddity Tech Ltd. (NASDAQ:ODD) Price Target at $52.88

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $52.88.

Several research analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. KeyCorp upped their price objective on Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Barclays boosted their price target on shares of Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group initiated coverage on Oddity Tech in a research note on Friday, December 13th. They set a “neutral” rating and a $48.00 target price for the company.

Oddity Tech Trading Down 0.4 %

Shares of NASDAQ ODD opened at $44.12 on Tuesday. Oddity Tech has a 1-year low of $30.34 and a 1-year high of $51.00. The company has a 50-day moving average of $44.92 and a two-hundred day moving average of $41.21. The company has a market cap of $2.51 billion, a PE ratio of 26.90, a P/E/G ratio of 1.41 and a beta of 4.30.

Oddity Tech (NASDAQ:ODD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.10. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The firm had revenue of $119.00 million during the quarter, compared to analysts’ expectations of $116.47 million. During the same quarter in the previous year, the company posted $0.06 EPS. Oddity Tech’s revenue was up 26.0% on a year-over-year basis. As a group, equities research analysts forecast that Oddity Tech will post 1.64 earnings per share for the current year.

Institutional Trading of Oddity Tech

A number of large investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB bought a new stake in shares of Oddity Tech during the fourth quarter worth approximately $797,000. Harbor Capital Advisors Inc. acquired a new stake in Oddity Tech in the fourth quarter valued at about $1,767,000. Renaissance Technologies LLC acquired a new position in Oddity Tech during the second quarter worth about $3,722,000. Aurora Investment Counsel bought a new position in shares of Oddity Tech in the third quarter worth about $2,056,000. Finally, Wesbanco Bank Inc. acquired a new stake in shares of Oddity Tech in the 3rd quarter valued at approximately $751,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

About Oddity Tech

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.