Oddity Tech (NASDAQ:ODD) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Oddity Tech (NASDAQ:ODD) in a research report sent to investors on Friday, Marketbeat.com reports. The firm issued an overweight rating and a $55.00 target price on the stock.

Other equities analysts have also issued research reports about the stock. 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 price target for the company. Morgan Stanley lifted their price target on Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. KeyCorp increased their price objective on Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, Barclays lifted their target price on Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Oddity Tech presently has an average rating of “Moderate Buy” and a consensus price target of $53.11.

Oddity Tech Stock Performance

NASDAQ ODD opened at $47.72 on Friday. Oddity Tech has a one year low of $30.34 and a one year high of $51.00. The company has a 50-day simple moving average of $45.22 and a 200-day simple moving average of $41.29. The firm has a market capitalization of $2.71 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 1.44 and a beta of 4.30.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. D.A. Davidson & CO. lifted its position in shares of Oddity Tech by 1.1% during the 4th quarter. D.A. Davidson & CO. now owns 25,838 shares of the company’s stock valued at $1,086,000 after acquiring an additional 273 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Oddity Tech by 13.3% during the third quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock valued at $190,000 after purchasing an additional 566 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Oddity Tech by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 63,625 shares of the company’s stock valued at $2,569,000 after purchasing an additional 750 shares during the period. Wilmington Savings Fund Society FSB increased its stake in Oddity Tech by 49.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,650 shares of the company’s stock worth $153,000 after purchasing an additional 1,200 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Oddity Tech during the 4th quarter worth about $61,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

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.