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

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $52.83.

Separately, Barclays lowered their price target on Oddity Tech from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th.

Oddity Tech Price Performance

ODD opened at $43.44 on Thursday. Oddity Tech has a fifty-two week low of $27.52 and a fifty-two week high of $50.36. The firm has a market capitalization of $2.47 billion, a PE ratio of 30.81, a P/E/G ratio of 1.37 and a beta of 4.40. The company’s 50-day moving average is $37.99 and its 200 day moving average is $38.42.

Oddity Tech (NASDAQ:ODD) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.58 by $0.24. The firm had revenue of $192.77 million during the quarter, compared to the consensus estimate of $188.49 million. Oddity Tech had a return on equity of 26.66% and a net margin of 14.66%. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. As a group, analysts expect that Oddity Tech will post 1.46 EPS for the current year.

Institutional Trading of Oddity Tech

Several hedge funds have recently added to or reduced their stakes in ODD. GSA Capital Partners LLP grew its holdings in Oddity Tech by 267.9% during the third quarter. GSA Capital Partners LLP now owns 30,649 shares of the company’s stock valued at $1,238,000 after purchasing an additional 22,319 shares during the period. Catalyst Capital Advisors LLC grew its stake in shares of Oddity Tech by 44.9% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 20,280 shares of the company’s stock worth $819,000 after acquiring an additional 6,280 shares during the period. Blue Trust Inc. grew its stake in shares of Oddity Tech by 13.3% during the 3rd quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock worth $190,000 after acquiring an additional 566 shares during the period. Wesbanco Bank Inc. purchased a new stake in Oddity Tech in the 3rd quarter worth about $751,000. Finally, Mendota Financial Group LLC bought a new stake in Oddity Tech in the 3rd quarter valued at about $162,000. Institutional investors own 35.88% of the company’s stock.

Oddity Tech Company Profile

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.