Oddity Tech (NASDAQ:ODD) Price Target Raised to $42.00 at Barclays

Oddity Tech (NASDAQ:ODD) had its target price upped by Barclays from $39.00 to $42.00 in a report issued on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Oddity Tech Stock Down 2.4 %

ODD opened at $44.61 on Monday. The firm’s fifty day simple moving average is $38.99 and its two-hundred day simple moving average is $38.89. Oddity Tech has a 52-week low of $30.23 and a 52-week high of $50.36. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 1.55 and a beta of 4.40.

Oddity Tech (NASDAQ:ODD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.22 by $0.10. The company had revenue of $119.00 million during the quarter, compared to analyst estimates of $116.47 million. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. Oddity Tech’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 EPS. On average, research analysts forecast that Oddity Tech will post 1.46 EPS for the current year.

Institutional Trading of Oddity Tech

A number of hedge funds have recently bought and sold shares of ODD. Janney Montgomery Scott LLC acquired a new position in shares of Oddity Tech during the 1st quarter valued at about $301,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Oddity Tech in the 1st quarter valued at approximately $496,000. Swiss National Bank raised its position in shares of Oddity Tech by 100.0% during the 1st quarter. Swiss National Bank now owns 62,600 shares of the company’s stock valued at $2,720,000 after buying an additional 31,300 shares during the period. Sei Investments Co. acquired a new position in Oddity Tech in the first quarter valued at approximately $780,000. Finally, Clearbridge Investments LLC grew its position in Oddity Tech by 25.9% in the first quarter. Clearbridge Investments LLC now owns 731,902 shares of the company’s stock worth $31,801,000 after acquiring an additional 150,434 shares during the period. 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.