Oddity Tech Ltd. (NASDAQ:ODD) Receives $53.00 Average Target Price from Analysts

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $53.00.

ODD has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of Oddity Tech in a research report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price objective for the company. Bank of America upped their price objective on shares of Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. began coverage on shares of Oddity Tech in a research report on Friday, January 31st. They issued an “overweight” rating and a $55.00 price objective for the company. Morgan Stanley increased their price target 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 increased their price target on shares of Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th.

Hedge Funds Weigh In On Oddity Tech

A number of large investors have recently bought and sold shares of ODD. GSA Capital Partners LLP lifted its holdings in Oddity Tech by 267.9% in the third quarter. GSA Capital Partners LLP now owns 30,649 shares of the company’s stock worth $1,238,000 after acquiring an additional 22,319 shares during the last quarter. Aurora Investment Counsel bought a new position in Oddity Tech in the third quarter worth about $2,056,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Oddity Tech by 4.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,104 shares of the company’s stock worth $2,387,000 after acquiring an additional 2,665 shares during the last quarter. Verition Fund Management LLC increased its stake in shares of Oddity Tech by 7.2% in the third quarter. Verition Fund Management LLC now owns 35,248 shares of the company’s stock valued at $1,423,000 after purchasing an additional 2,368 shares during the period. Finally, PDT Partners LLC increased its stake in shares of Oddity Tech by 39.2% in the third quarter. PDT Partners LLC now owns 91,610 shares of the company’s stock valued at $3,699,000 after purchasing an additional 25,789 shares during the period. Institutional investors own 35.88% of the company’s stock.

Oddity Tech Price Performance

NASDAQ:ODD opened at $45.92 on Wednesday. The firm has a 50-day moving average of $44.57 and a two-hundred day moving average of $42.34. The stock has a market cap of $2.56 billion, a P/E ratio of 28.00, a PEG ratio of 1.48 and a beta of 4.20. Oddity Tech has a 1-year low of $30.34 and a 1-year high of $51.00.

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.