Oddity Tech (NASDAQ:ODD) Now Covered by Analysts at The Goldman Sachs Group

Stock analysts at The Goldman Sachs Group started coverage on shares of Oddity Tech (NASDAQ:ODD) in a research report issued on Friday, Marketbeat reports. The brokerage set a “neutral” rating and a $48.00 price target on the stock. The Goldman Sachs Group’s price target would suggest a potential downside of 2.93% from the company’s previous close.

ODD has been the topic of a number of other reports. Morgan Stanley increased their target price on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday. Barclays upped their price target on shares of Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Oddity Tech has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Oddity Tech Price Performance

Shares of NASDAQ ODD opened at $49.45 on Friday. Oddity Tech has a 1 year low of $30.34 and a 1 year high of $51.00. The firm has a 50-day moving average of $42.84 and a 200 day moving average of $40.17. The stock has a market cap of $2.81 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 1.43 and a beta of 4.45.

Oddity Tech (NASDAQ:ODD) last released its earnings results on Wednesday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.10. The firm had revenue of $119.00 million during the quarter, compared to analyst estimates of $116.47 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The business’s revenue was up 26.0% on a year-over-year basis. During the same period last year, the business earned $0.06 earnings per share. 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 large investors have recently bought and sold shares of ODD. Blue Trust Inc. boosted its position in Oddity Tech by 13.3% in the third quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock worth $190,000 after purchasing an additional 566 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Oddity Tech by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 63,625 shares of the company’s stock worth $2,569,000 after acquiring an additional 750 shares in the last quarter. Knuff & Co LLC lifted its position in Oddity Tech by 43.1% during the second quarter. Knuff & Co LLC now owns 5,013 shares of the company’s stock valued at $197,000 after purchasing an additional 1,510 shares during the last quarter. Peregrine Capital Management LLC raised its position in Oddity Tech by 1.3% during the second quarter. Peregrine Capital Management LLC now owns 143,384 shares of the company’s stock valued at $5,629,000 after purchasing an additional 1,784 shares during the period. Finally, Centiva Capital LP raised its stake in shares of Oddity Tech by 23.1% in the third quarter. Centiva Capital LP now owns 9,624 shares of the company’s stock valued at $389,000 after acquiring an additional 1,804 shares during the period. 35.88% of the stock is currently owned by institutional investors.

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.