Analysts Set Oddity Tech Ltd. (NASDAQ:ODD) PT at $52.88

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $52.88.

ODD has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on shares of Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. KeyCorp raised their target price on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Barclays upped their price objective on Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group initiated coverage on Oddity Tech in a report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price target on the stock.

Oddity Tech Price Performance

NASDAQ:ODD opened at $44.31 on Tuesday. Oddity Tech has a one year low of $30.34 and a one year high of $51.00. The company’s 50-day simple moving average is $44.83 and its 200 day simple moving average is $41.18. The firm has a market capitalization of $2.52 billion, a P/E ratio of 27.02, a PEG ratio of 1.41 and a beta of 4.30.

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

Institutional Investors Weigh In On Oddity Tech

Several institutional investors have recently bought and sold shares of ODD. R Squared Ltd purchased a new position in shares of Oddity Tech in the 4th quarter valued at approximately $61,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Oddity Tech during the third quarter worth $99,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Oddity Tech in the 2nd quarter valued at $102,000. Federated Hermes Inc. purchased a new position in Oddity Tech in the 2nd quarter worth $113,000. Finally, Quarry LP purchased a new stake in Oddity Tech during the 3rd quarter valued at about $122,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

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.