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

Oddity Tech Ltd. (NASDAQ:ODD) has been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $53.33.

Separately, Barclays lifted their price objective on shares of Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday.

Oddity Tech Trading Down 2.4 %

Oddity Tech stock opened at $44.61 on Thursday. The stock 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. The company’s 50-day moving average price is $38.99 and its two-hundred day moving average price is $38.89. Oddity Tech has a 52 week low of $30.23 and a 52 week high of $50.36.

Oddity Tech (NASDAQ:ODD) last released its earnings results on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.22 by $0.10. The firm had revenue of $119.00 million for the quarter, compared to analysts’ expectations of $116.47 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. Oddity Tech’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. Research analysts expect that Oddity Tech will post 1.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Aurora Investment Counsel acquired a new position in shares of Oddity Tech in the third quarter worth about $2,056,000. GSA Capital Partners LLP boosted its holdings in shares of Oddity Tech by 267.9% during the third quarter. GSA Capital Partners LLP now owns 30,649 shares of the company’s stock worth $1,238,000 after purchasing an additional 22,319 shares during the period. Catalyst Capital Advisors LLC boosted its holdings in shares of Oddity Tech by 44.9% during the third quarter. Catalyst Capital Advisors LLC now owns 20,280 shares of the company’s stock worth $819,000 after purchasing an additional 6,280 shares during the period. Blue Trust Inc. boosted its holdings in shares of Oddity Tech by 13.3% during the third quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock worth $190,000 after purchasing an additional 566 shares during the period. Finally, Wesbanco Bank Inc. acquired a new stake in shares of Oddity Tech during the third quarter worth approximately $751,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

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.