Oddity Tech Ltd. (NASDAQ:ODD) Receives Average Recommendation of “Moderate Buy” from Analysts

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

Separately, Barclays reduced their price objective on Oddity Tech from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th.

Institutional Trading of Oddity Tech

Several hedge funds have recently modified their holdings of ODD. Blue Trust Inc. increased its position in Oddity Tech by 13.3% in the 3rd quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock valued at $190,000 after buying an additional 566 shares in the last quarter. Knuff & Co LLC increased its holdings in shares of 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 acquiring an additional 1,510 shares in the last quarter. Peregrine Capital Management LLC increased its holdings in shares of 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 acquiring an additional 1,784 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Oddity Tech during the second quarter worth approximately $102,000. Finally, Public Employees Retirement Association of Colorado bought a new position in shares of Oddity Tech in the 2nd quarter worth $102,000. Institutional investors own 35.88% of the company’s stock.

Oddity Tech Stock Performance

Shares of ODD stock opened at $43.44 on Thursday. Oddity Tech has a fifty-two week low of $27.52 and a fifty-two week high of $50.36. The stock’s fifty day moving average price is $37.99 and its two-hundred day moving average price is $38.42. The company has a market cap of $2.47 billion, a PE ratio of 30.81, a P/E/G ratio of 1.37 and a beta of 4.40.

Oddity Tech (NASDAQ:ODD) last posted its earnings results on Wednesday, August 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.24. Oddity Tech had a net margin of 14.66% and a return on equity of 26.66%. The firm had revenue of $192.77 million during the quarter, compared to analysts’ expectations of $188.49 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. The business’s revenue for the quarter was up 27.4% compared to the same quarter last year. On average, equities analysts predict that Oddity Tech will post 1.46 EPS for the current fiscal year.

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.