The Goldman Sachs Group Initiates Coverage on Oddity Tech (NASDAQ:ODD)

Equities researchers at The Goldman Sachs Group started coverage on shares of Oddity Tech (NASDAQ:ODD) in a research note issued on Friday,Benzinga reports. The firm set a “neutral” rating and a $48.00 price target on the stock. The Goldman Sachs Group’s price target would indicate a potential downside of 3.90% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Morgan Stanley raised their price objective on Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday. Barclays raised their price objective on Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Oddity Tech presently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Oddity Tech Stock Up 5.1 %

Shares of ODD stock opened at $49.95 on Friday. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 1.43 and a beta of 4.45. The stock has a fifty day moving average of $42.68 and a 200 day moving average of $40.05. Oddity Tech has a 52 week low of $30.34 and a 52 week high of $51.00.

Oddity Tech (NASDAQ:ODD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.22 by $0.10. The business 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%. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. Equities research analysts anticipate that Oddity Tech will post 1.64 earnings per share for the current year.

Institutional Investors Weigh In On Oddity Tech

Large investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in Oddity Tech in the 3rd quarter worth about $99,000. nVerses Capital LLC bought a new stake in Oddity Tech in the 2nd quarter worth about $102,000. Public Employees Retirement Association of Colorado bought a new stake in Oddity Tech in the 2nd quarter worth about $102,000. Federated Hermes Inc. bought a new stake in Oddity Tech in the 2nd quarter worth about $113,000. Finally, Quarry LP bought a new stake in Oddity Tech in the 3rd quarter worth about $122,000. 35.88% of the stock is currently owned by institutional investors.

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.