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

Oddity Tech Ltd. (NASDAQ:ODD) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $53.33.

Separately, Barclays boosted their price target on Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 11th.

Institutional Trading of Oddity Tech

A number of institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in Oddity Tech during the 3rd quarter worth about $99,000. nVerses Capital LLC acquired a new stake in shares of Oddity Tech during the second quarter worth about $102,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Oddity Tech during the second quarter worth about $102,000. Federated Hermes Inc. purchased a new stake in Oddity Tech in the second quarter valued at approximately $113,000. Finally, Quarry LP acquired a new position in Oddity Tech in the 3rd quarter worth approximately $122,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Oddity Tech Stock Performance

NASDAQ ODD opened at $46.46 on Monday. The business’s 50 day moving average price is $41.14 and its 200-day moving average price is $39.61. Oddity Tech has a fifty-two week low of $30.34 and a fifty-two week high of $50.36. The company has a market cap of $2.64 billion, a P/E ratio of 28.33, a P/E/G ratio of 1.40 and a beta of 4.40.

Oddity Tech (NASDAQ:ODD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.22 by $0.10. The company had revenue of $119.00 million for the quarter, compared to the consensus estimate of $116.47 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The firm’s revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 EPS. As a group, equities analysts predict that Oddity Tech will post 1.64 EPS for the current year.

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.