Oddity Tech Ltd. (NASDAQ:ODD) Given Average Rating of “Moderate Buy” by Analysts

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $53.75.

ODD has been the topic of a number of analyst reports. Barclays reduced their target price on Oddity Tech from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. Evercore ISI started coverage on shares of Oddity Tech in a research report on Thursday, April 4th. They set an “outperform” rating and a $57.00 price target for the company. Truist Financial reaffirmed a “buy” rating and set a $58.00 price target on shares of Oddity Tech in a research note on Friday, June 7th. JMP Securities reissued a “market outperform” rating and set a $66.00 price objective on shares of Oddity Tech in a research note on Thursday, March 7th. Finally, Bank of America increased their target price on Oddity Tech from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th.

Oddity Tech Stock Performance

Shares of ODD stock opened at $39.76 on Monday. The stock has a market cap of $2.26 billion and a PE ratio of 33.13. Oddity Tech has a 1 year low of $24.12 and a 1 year high of $56.00. The stock has a fifty day moving average price of $36.78 and a 200 day moving average price of $40.50.

Oddity Tech (NASDAQ:ODD) last announced its earnings results on Tuesday, May 7th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.12. Oddity Tech had a return on equity of 26.10% and a net margin of 12.97%. The firm had revenue of $211.63 million for the quarter, compared to analysts’ expectations of $205.55 million. As a group, equities research analysts predict that Oddity Tech will post 1.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ODD. Parallel Advisors LLC raised its holdings in Oddity Tech by 69.7% in the fourth quarter. Parallel Advisors LLC now owns 594 shares of the company’s stock valued at $28,000 after acquiring an additional 244 shares in the last quarter. M&T Bank Corp acquired a new position in Oddity Tech in the fourth quarter worth about $203,000. Janney Montgomery Scott LLC bought a new stake in Oddity Tech in the first quarter valued at about $301,000. Legato Capital Management LLC acquired a new stake in Oddity Tech during the fourth quarter valued at approximately $336,000. Finally, Greycroft LP bought a new position in Oddity Tech during the 3rd quarter worth approximately $227,000. Hedge funds and other institutional investors 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.