Oddity Tech (NASDAQ:ODD) Price Target Raised to $52.00

Oddity Tech (NASDAQ:ODD) had its price objective boosted by stock analysts at KeyCorp from $50.00 to $52.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target points to a potential upside of 20.71% from the stock’s current price.

Several other research firms have also recently issued reports on ODD. Barclays increased their price objective on shares of Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. The Goldman Sachs Group started coverage on Oddity Tech in a research report on Friday, December 13th. They set a “neutral” rating and a $48.00 price target on the stock. Finally, Morgan Stanley boosted 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Oddity Tech has a consensus rating of “Moderate Buy” and a consensus target price of $52.88.

Oddity Tech Stock Performance

Shares of Oddity Tech stock traded down $0.34 on Wednesday, reaching $43.08. 313,845 shares of the company were exchanged, compared to its average volume of 365,389. 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 $2.45 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 1.49 and a beta of 4.30. The company’s 50-day moving average is $44.35 and its two-hundred day moving average is $40.81.

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 analysts’ consensus estimates 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 net margin of 16.32% and a return on equity of 29.02%. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. As a group, sell-side analysts forecast that Oddity Tech will post 1.64 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ODD. Wilmington Savings Fund Society FSB acquired a new stake in Oddity Tech in the 3rd quarter worth approximately $99,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Oddity Tech in the second quarter worth $102,000. Federated Hermes Inc. bought a new stake in shares of Oddity Tech during the 2nd quarter worth $113,000. Quarry LP bought a new stake in shares of Oddity Tech during the 3rd quarter worth $122,000. Finally, Mendota Financial Group LLC acquired a new position in Oddity Tech in the 3rd quarter valued at $162,000. 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.