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

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $53.11.

A number of research analysts have recently commented on ODD shares. The Goldman Sachs Group started coverage on Oddity Tech in a report on Friday, December 13th. They set a “neutral” rating and a $48.00 price target for the company. JPMorgan Chase & Co. began coverage on shares of Oddity Tech in a research note on Friday, January 31st. They issued an “overweight” rating and a $55.00 price objective on the stock. KeyCorp increased their price target on Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Morgan Stanley raised their price target on shares of Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Barclays boosted their target price on Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th.

Oddity Tech Stock Performance

Shares of NASDAQ:ODD opened at $43.00 on Friday. Oddity Tech has a one year low of $30.34 and a one year high of $51.00. The company has a market cap of $2.45 billion, a P/E ratio of 26.22, a PEG ratio of 1.57 and a beta of 4.34. The business’s 50-day simple moving average is $44.88 and its 200 day simple moving average is $41.57.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Capital International Investors increased its stake in Oddity Tech by 29.5% in the 4th quarter. Capital International Investors now owns 1,365,744 shares of the company’s stock worth $57,389,000 after acquiring an additional 311,401 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Oddity Tech in the 3rd quarter valued at about $12,085,000. Norges Bank bought a new stake in shares of Oddity Tech in the 4th quarter valued at about $9,470,000. Penn Capital Management Company LLC purchased a new stake in shares of Oddity Tech during the 4th quarter valued at $8,690,000. Finally, Lord Abbett & CO. LLC raised its position in shares of Oddity Tech by 640.4% in the 4th quarter. Lord Abbett & CO. LLC now owns 186,413 shares of the company’s stock valued at $7,833,000 after purchasing an additional 161,237 shares during the last quarter. 35.88% of the stock is owned by hedge funds and other institutional investors.

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.