Brokerages Set Oddity Tech Ltd. (NASDAQ:ODD) PT at $53.00

Oddity Tech Ltd. (NASDAQ:ODD) has been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $53.00.

Several research analysts have issued reports on the company. The Goldman Sachs Group initiated coverage on Oddity Tech in a report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price target on the stock. 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, December 12th. Finally, Barclays upped their price target on Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th.

Hedge Funds Weigh In On Oddity Tech

Several institutional investors have recently added to or reduced their stakes in ODD. Hood River Capital Management LLC bought a new position in shares of Oddity Tech during the 2nd quarter valued at about $23,397,000. Wellington Management Group LLP purchased a new stake in shares of Oddity Tech in the third quarter worth $12,085,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Oddity Tech during the second quarter valued at approximately $6,744,000. Bank of New York Mellon Corp grew its stake 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 worth $5,700,000 after acquiring an additional 134,853 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Oddity Tech during the 2nd quarter valued at about $3,722,000. Institutional investors own 35.88% of the company’s stock.

Oddity Tech Stock Performance

Shares of NASDAQ:ODD opened at $43.55 on Friday. The stock has a 50-day simple moving average of $43.86 and a 200-day simple moving average of $40.66. Oddity Tech has a 1 year low of $30.34 and a 1 year high of $51.00. The stock has a market capitalization of $2.48 billion, a P/E ratio of 26.56, a PEG ratio of 1.49 and a beta of 4.45.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.22 by $0.10. The business had revenue of $119.00 million for the quarter, compared to analysts’ expectations 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 was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Analysts predict that Oddity Tech will post 1.64 earnings per share for the current 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.