Oddity Tech Ltd. (NASDAQ:ODD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $52.43.

A number of analysts have issued reports on ODD shares. Barclays decreased their target price on Oddity Tech from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Truist Financial restated a “buy” rating and issued a $58.00 price objective on shares of Oddity Tech in a research note on Friday, June 7th.

Oddity Tech Stock Performance

Oddity Tech stock opened at $35.26 on Wednesday. The stock has a market cap of $2.01 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 1.13 and a beta of 4.48. Oddity Tech has a fifty-two week low of $24.12 and a fifty-two week high of $50.36. The firm’s 50-day simple moving average is $38.59 and its 200 day simple moving average is $38.91.

Oddity Tech (NASDAQ:ODD) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.24. Oddity Tech had a return on equity of 26.66% and a net margin of 14.66%. The business had revenue of $192.77 million for the quarter, compared to analyst estimates of $188.49 million. During the same period last year, the company posted $0.52 earnings per share. Oddity Tech’s quarterly revenue was up 27.4% compared to the same quarter last year. As a group, analysts predict that Oddity Tech will post 1.46 EPS for the current fiscal year.

Institutional Trading of Oddity Tech

Institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. boosted its stake in shares of Oddity Tech by 15.2% during the first quarter. Baillie Gifford & Co. now owns 6,312,730 shares of the company’s stock valued at $274,288,000 after purchasing an additional 833,643 shares during the period. Franklin Resources Inc. boosted its position in Oddity Tech by 15.5% during the 4th quarter. Franklin Resources Inc. now owns 1,279,002 shares of the company’s stock valued at $59,512,000 after buying an additional 171,652 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Oddity Tech by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,273,469 shares of the company’s stock worth $49,996,000 after acquiring an additional 5,417 shares during the last quarter. Bamco Inc. NY increased its position in shares of Oddity Tech by 40.4% in the first quarter. Bamco Inc. NY now owns 1,063,183 shares of the company’s stock valued at $46,195,000 after acquiring an additional 305,767 shares during the period. Finally, Capital International Investors bought a new position in shares of Oddity Tech during the first quarter valued at about $45,811,000. 35.88% of the stock is currently owned by hedge funds and other 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.