Oddity Tech (NASDAQ:ODD) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Oddity Tech (NASDAQ:ODD) in a research note published on Friday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $55.00 price target on the stock.

A number of other equities research analysts also recently commented on the company. KeyCorp upped their price objective on Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. The Goldman Sachs Group started coverage on Oddity Tech in a report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price objective for the company. Barclays upped their price objective on Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, Morgan Stanley upped their price objective on Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Oddity Tech presently has an average rating of “Moderate Buy” and an average price target of $53.11.

Oddity Tech Stock Up 1.8 %

ODD stock opened at $47.72 on Friday. The company has a market cap of $2.71 billion, a P/E ratio of 29.10, a PEG ratio of 1.44 and a beta of 4.30. Oddity Tech has a twelve month low of $30.34 and a twelve month high of $51.00. The business has a fifty day moving average of $45.22 and a 200-day moving average of $41.33.

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

Hedge Funds Weigh In On Oddity Tech

Large investors have recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Oddity Tech during the fourth quarter worth approximately $61,000. Wilmington Savings Fund Society FSB bought a new position in shares of Oddity Tech during the third quarter worth approximately $99,000. Quarry LP bought a new position in Oddity Tech during the 3rd quarter worth $122,000. Mendota Financial Group LLC bought a new position in Oddity Tech during the 3rd quarter worth $162,000. Finally, Blue Trust Inc. increased its stake in 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. 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.