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

Oddity Tech Ltd. (NASDAQ:ODD) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $53.00.

ODD has been the subject of a number of recent research reports. Morgan Stanley upped their price objective on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group initiated coverage on shares of Oddity Tech in a report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price objective on the stock. Finally, Barclays boosted their target price on shares of Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th.

Oddity Tech Price Performance

ODD stock opened at $42.14 on Friday. The firm has a fifty day moving average price of $44.10 and a two-hundred day moving average price of $40.70. Oddity Tech has a 1-year low of $30.34 and a 1-year high of $51.00. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 1.49 and a beta of 4.45.

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, topping the consensus estimate of $0.22 by $0.10. The firm had revenue of $119.00 million for the quarter, compared to analyst estimates of $116.47 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. Oddity Tech’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, analysts expect that Oddity Tech will post 1.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Oddity Tech

Several large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its stake in shares of Oddity Tech by 1,303.8% in the 2nd 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. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Oddity Tech by 340.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,003 shares of the company’s stock worth $353,000 after purchasing an additional 6,958 shares during the period. Peregrine Capital Management LLC boosted its stake in Oddity Tech by 1.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 143,384 shares of the company’s stock valued at $5,629,000 after purchasing an additional 1,784 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Oddity Tech in the 2nd quarter worth $102,000. Finally, Knuff & Co LLC raised its stake in shares of Oddity Tech by 43.1% in the 2nd quarter. Knuff & Co LLC now owns 5,013 shares of the company’s stock worth $197,000 after buying an additional 1,510 shares in the last quarter. 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.