Oddity Tech (NASDAQ:ODD) Hits New 52-Week High – What’s Next?

Oddity Tech Ltd. (NASDAQ:ODD)’s stock price reached a new 52-week high on Monday . The company traded as high as $50.96 and last traded at $50.27, with a volume of 608533 shares trading hands. The stock had previously closed at $47.92.

Analysts Set New Price Targets

Separately, Barclays increased their price objective on Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Oddity Tech has an average rating of “Moderate Buy” and an average target price of $53.33.

Oddity Tech Price Performance

The company has a market cap of $2.70 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.44 and a beta of 4.45. The business has a 50 day moving average of $42.32 and a 200 day moving average of $39.93.

Oddity Tech (NASDAQ:ODD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.22 by $0.10. The business had revenue of $119.00 million during the quarter, compared to analyst estimates 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 for the quarter was up 26.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. Sell-side analysts forecast that Oddity Tech Ltd. will post 1.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Oddity Tech

Large investors have recently bought and sold shares of the business. Renaissance Technologies LLC bought a new stake in Oddity Tech in the 2nd quarter worth about $3,722,000. Bank of New York Mellon Corp increased its holdings in 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 buying an additional 134,853 shares in the last quarter. Seven Eight Capital LP bought a new stake in Oddity Tech in the 2nd quarter worth about $1,060,000. ARK Investment Management LLC increased its holdings in Oddity Tech by 30.5% in the 2nd quarter. ARK Investment Management LLC now owns 64,468 shares of the company’s stock worth $2,531,000 after buying an additional 15,062 shares in the last quarter. Finally, Aurora Investment Counsel bought a new stake in shares of Oddity Tech during the 3rd quarter valued at about $2,056,000. 35.88% of the stock is currently owned by institutional investors.

About Oddity Tech

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.