KeyCorp Issues Positive Forecast for Oddity Tech (NASDAQ:ODD) Stock Price

Oddity Tech (NASDAQ:ODD) had its price objective increased by research analysts at KeyCorp from $50.00 to $52.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 19.93% from the company’s current price.

A number of other analysts also recently weighed in on ODD. The Goldman Sachs Group started coverage on shares of Oddity Tech in a research report on Friday, December 13th. They set a “neutral” rating and a $48.00 target price for the company. Morgan Stanley increased their price objective 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. Finally, Barclays boosted their target price on shares of Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.88.

Oddity Tech Stock Down 0.1 %

NASDAQ ODD opened at $43.36 on Wednesday. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 1.49 and a beta of 4.30. Oddity Tech has a twelve month low of $30.34 and a twelve month high of $51.00. The business’s fifty day moving average is $44.53 and its 200 day moving average is $40.84.

Oddity Tech (NASDAQ:ODD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. The company had revenue of $119.00 million for 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%. Oddity Tech’s revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. On average, research analysts anticipate that Oddity Tech will post 1.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Oddity Tech by 13.3% in the 3rd quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock worth $190,000 after buying an additional 566 shares during the last quarter. Geode Capital Management LLC boosted its stake in Oddity Tech by 1.2% in the third quarter. Geode Capital Management LLC now owns 63,625 shares of the company’s stock valued at $2,569,000 after acquiring an additional 750 shares during the last quarter. Centiva Capital LP increased its stake in shares of Oddity Tech by 23.1% during the 3rd quarter. Centiva Capital LP now owns 9,624 shares of the company’s stock worth $389,000 after purchasing an additional 1,804 shares during the last quarter. Verition Fund Management LLC raised its holdings in shares of Oddity Tech by 7.2% in the 3rd quarter. Verition Fund Management LLC now owns 35,248 shares of the company’s stock worth $1,423,000 after purchasing an additional 2,368 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Oddity Tech in the third quarter valued at approximately $99,000. 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.