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

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have been given an average rating of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $52.43.

ODD has been the subject of a number of research reports. Barclays decreased their price target on shares of Oddity Tech from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Truist Financial reissued a “buy” rating and issued a $58.00 target price on shares of Oddity Tech in a research report on Friday, June 7th.

Institutional Trading of Oddity Tech

A number of hedge funds have recently made changes to their positions in the stock. Swiss National Bank purchased a new position in shares of Oddity Tech in the 4th quarter worth about $1,456,000. Norges Bank purchased a new position in Oddity Tech in the fourth quarter worth about $13,318,000. Clearbridge Investments LLC bought a new position in shares of Oddity Tech in the fourth quarter worth approximately $27,056,000. Franklin Resources Inc. grew its holdings in shares of Oddity Tech by 15.5% during the fourth quarter. Franklin Resources Inc. now owns 1,279,002 shares of the company’s stock valued at $59,512,000 after buying an additional 171,652 shares during the last quarter. Finally, Eagle Global Advisors LLC bought a new stake in shares of Oddity Tech during the fourth quarter valued at approximately $423,000. 35.88% of the stock is owned by institutional investors.

Oddity Tech Stock Performance

ODD opened at $35.26 on Wednesday. The stock has a market capitalization of $2.01 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 1.13 and a beta of 4.48. The stock’s 50 day moving average price is $38.59 and its 200-day moving average price is $38.91. Oddity Tech has a 52-week low of $24.12 and a 52-week high of $50.36.

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

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.