Oddity Tech Ltd. (NASDAQ:ODD) Receives $52.83 Average PT from Brokerages

Oddity Tech Ltd. (NASDAQ:ODD) has received an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $52.83.

Separately, Barclays lowered their price target on shares of Oddity Tech from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, August 9th.

Oddity Tech Trading Up 3.3 %

Oddity Tech stock opened at $41.48 on Friday. The business’s 50 day simple moving average is $37.80 and its 200 day simple moving average is $38.08. Oddity Tech has a 12 month low of $24.12 and a 12 month high of $50.36. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 1.37 and a beta of 4.49.

Oddity Tech (NASDAQ:ODD) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.58 by $0.24. Oddity Tech had a net margin of 14.66% and a return on equity of 26.66%. The company had revenue of $192.77 million during the quarter, compared to analysts’ expectations of $188.49 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. Oddity Tech’s revenue for the quarter was up 27.4% on a year-over-year basis. As a group, equities research analysts forecast that Oddity Tech will post 1.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oddity Tech

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in shares of Oddity Tech in the 4th quarter worth about $1,396,000. Moody National Bank Trust Division boosted its stake in Oddity Tech by 8.3% during the first quarter. Moody National Bank Trust Division now owns 28,179 shares of the company’s stock worth $1,224,000 after buying an additional 2,150 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of Oddity Tech in the first quarter valued at $1,545,000. Baillie Gifford & Co. lifted its holdings in shares of Oddity Tech by 15.2% in the 1st quarter. Baillie Gifford & Co. now owns 6,312,730 shares of the company’s stock worth $274,288,000 after acquiring an additional 833,643 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Oddity Tech during the 1st quarter worth about $301,000. 35.88% of the stock is 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.