Brokerages Set Oddity Tech Ltd. (NASDAQ:ODD) Target Price at $52.86

Shares of Oddity Tech Ltd. (NASDAQ:ODDGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $52.86.

ODD has been the subject of a number of research reports. Barclays boosted their target price on Oddity Tech from $34.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. Bank of America upped their price target on Oddity Tech from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. JMP Securities reissued a “market outperform” rating and set a $66.00 target price on shares of Oddity Tech in a research report on Thursday, March 7th. Finally, Morgan Stanley upped their target price on shares of Oddity Tech from $35.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th.

View Our Latest Research Report on ODD

Institutional Trading of Oddity Tech

Institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC increased its holdings in shares of Oddity Tech by 69.7% in the 4th quarter. Parallel Advisors LLC now owns 594 shares of the company’s stock valued at $28,000 after acquiring an additional 244 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in Oddity Tech during the fourth quarter valued at $42,000. Tower Research Capital LLC TRC acquired a new stake in shares of Oddity Tech during the third quarter worth $33,000. TFC Financial Management Inc. bought a new position in shares of Oddity Tech in the 3rd quarter worth about $51,000. Finally, UBS Group AG boosted its holdings in shares of Oddity Tech by 4,139.3% in the 4th quarter. UBS Group AG now owns 3,773 shares of the company’s stock valued at $176,000 after buying an additional 3,684 shares during the period. Institutional investors and hedge funds own 35.88% of the company’s stock.

Oddity Tech Stock Performance

Shares of ODD stock opened at $40.13 on Wednesday. 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 $42.88 and a 200 day moving average price of $37.94. The stock has a market cap of $2.28 billion and a PE ratio of 39.34.

Oddity Tech (NASDAQ:ODDGet Free Report) last released its earnings results on Tuesday, March 5th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $97.25 million during the quarter, compared to analysts’ expectations of $86.38 million. Oddity Tech had a net margin of 11.51% and a return on equity of 26.22%. As a group, equities research analysts predict that Oddity Tech will post 1.22 earnings per share for the current year.

Oddity Tech Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Oddity Tech (NASDAQ:ODD)

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