Oddity Tech Ltd. (NASDAQ:ODD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have received a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $53.75.

Several brokerages have commented on ODD. Morgan Stanley boosted their price target on shares of Oddity Tech from $35.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Bank of America upped their target price on Oddity Tech from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Truist Financial restated a “buy” rating and issued a $58.00 price target on shares of Oddity Tech in a research note on Friday, June 7th. Evercore ISI initiated coverage on Oddity Tech in a research note on Thursday, April 4th. They set an “outperform” rating and a $57.00 price objective on the stock. Finally, JMP Securities reissued a “market outperform” rating and issued a $66.00 price objective on shares of Oddity Tech in a report on Thursday, March 7th.

Oddity Tech Stock Performance

Shares of ODD opened at $40.73 on Friday. The firm has a market cap of $2.32 billion and a P/E ratio of 33.94. Oddity Tech has a twelve month low of $24.12 and a twelve month high of $56.00. The firm’s 50 day moving average price is $38.13 and its two-hundred day moving average price is $40.65.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.12. The firm had revenue of $211.63 million for the quarter, compared to the consensus estimate of $205.55 million. Oddity Tech had a return on equity of 26.10% and a net margin of 12.97%. On average, sell-side analysts anticipate that Oddity Tech will post 1.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oddity Tech

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC grew its position in Oddity Tech by 69.7% during the 4th quarter. Parallel Advisors LLC now owns 594 shares of the company’s stock worth $28,000 after acquiring an additional 244 shares during the last quarter. M&T Bank Corp bought a new position in Oddity Tech in the 4th quarter valued at approximately $203,000. Janney Montgomery Scott LLC acquired a new stake in Oddity Tech during the 1st quarter worth approximately $301,000. Legato Capital Management LLC bought a new position in shares of Oddity Tech during the fourth quarter valued at $336,000. Finally, Sandia Investment Management LP grew its stake in shares of Oddity Tech by 78.2% in the first quarter. Sandia Investment Management LP now owns 8,000 shares of the company’s stock worth $348,000 after purchasing an additional 3,510 shares during the last quarter. 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.