Analysts Set Oddity Tech Ltd. (NASDAQ:ODD) PT at $53.11

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $53.11.

A number of equities analysts recently weighed in on ODD shares. The Goldman Sachs Group started coverage on shares of 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 boosted their price target on shares of Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. started coverage on shares of Oddity Tech in a report on Friday, January 31st. They issued an “overweight” rating and a $55.00 price target on the stock. Barclays boosted their price target on shares of Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, KeyCorp boosted their price target on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th.

Oddity Tech Stock Performance

Shares of NASDAQ:ODD opened at $43.00 on Friday. The company’s 50-day moving average is $44.75 and its 200 day moving average is $41.62. The company has a market capitalization of $2.45 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 1.57 and a beta of 4.34. Oddity Tech has a fifty-two week low of $30.34 and a fifty-two week high of $51.00.

Institutional Investors Weigh In On Oddity Tech

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Oddity Tech during the fourth quarter valued at about $42,000. R Squared Ltd bought a new position in shares of Oddity Tech in the fourth quarter worth approximately $61,000. Wilmington Savings Fund Society FSB bought a new position in shares of Oddity Tech in the third quarter worth approximately $99,000. Wells Fargo & Company MN increased its position in shares of Oddity Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock worth $126,000 after purchasing an additional 449 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Oddity Tech in the third quarter worth approximately $122,000. 35.88% of the stock is currently owned by institutional investors.

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.