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

The Goldman Sachs Group assumed coverage on shares of Oddity Tech (NASDAQ:ODD) in a research report report published on Friday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $48.00 price objective on the stock.

Several other research firms also recently weighed in on ODD. 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 note on Monday, November 11th. 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 note on Thursday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

Oddity Tech Trading Down 1.0 %

Shares of ODD stock opened at $49.45 on Friday. Oddity Tech has a 12-month low of $30.34 and a 12-month high of $51.00. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 1.43 and a beta of 4.45. The stock has a 50 day simple moving average of $42.84 and a 200-day simple moving average of $40.20.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.10. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The firm had revenue of $119.00 million during the quarter, compared to the consensus estimate of $116.47 million. During the same period last year, the business posted $0.06 EPS. Oddity Tech’s quarterly revenue was up 26.0% on a year-over-year basis. On average, equities analysts forecast that Oddity Tech will post 1.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oddity Tech

Several hedge funds have recently made changes to their positions in ODD. Catalyst Capital Advisors LLC purchased a new stake in shares of Oddity Tech in the second quarter valued at $550,000. Bank of New York Mellon Corp grew its position in shares of Oddity Tech by 1,303.8% in the second quarter. Bank of New York Mellon Corp now owns 145,196 shares of the company’s stock valued at $5,700,000 after purchasing an additional 134,853 shares during the period. ARK Investment Management LLC grew its position in shares of Oddity Tech by 30.5% in the second quarter. ARK Investment Management LLC now owns 64,468 shares of the company’s stock valued at $2,531,000 after purchasing an additional 15,062 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in Oddity Tech by 491.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 295,764 shares of the company’s stock valued at $11,612,000 after acquiring an additional 245,764 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Oddity Tech by 340.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,003 shares of the company’s stock valued at $353,000 after acquiring an additional 6,958 shares during the period. Institutional investors and hedge funds 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.