JPMorgan Chase & Co. Lowers Oddity Tech (NASDAQ:ODD) Price Target to $50.00

Oddity Tech (NASDAQ:ODD) had its target price lowered by research analysts at JPMorgan Chase & Co. from $56.00 to $50.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 20.55% from the company’s previous close.

A number of other research analysts have also recently commented on ODD. Bank of America increased their price target on Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. JMP Securities reiterated a “market outperform” rating and issued a $66.00 target price on shares of Oddity Tech in a research report on Tuesday. Barclays boosted their price target on Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Finally, KeyCorp dropped their price objective on shares of Oddity Tech from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.25.

Oddity Tech Trading Up 1.7 %

NASDAQ:ODD traded up $0.68 on Tuesday, hitting $41.48. The company had a trading volume of 40,553 shares, compared to its average volume of 514,657. Oddity Tech has a 52 week low of $30.34 and a 52 week high of $51.00. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 1.48 and a beta of 3.73. The firm has a 50 day moving average of $43.42 and a two-hundred day moving average of $43.53.

Institutional Trading of Oddity Tech

Institutional investors have recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC acquired a new position in Oddity Tech in the fourth quarter valued at approximately $42,000. R Squared Ltd acquired a new position in shares of Oddity Tech during the fourth quarter valued at about $61,000. Wilmington Savings Fund Society FSB bought a new position in shares of Oddity Tech during the 3rd quarter worth about $99,000. Wells Fargo & Company MN grew its stake in shares of Oddity Tech by 17.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock valued at $126,000 after buying an additional 449 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Oddity Tech in the 4th quarter valued at about $246,000. 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.