Oddity Tech (NASDAQ:ODD) Stock Price Up 6.8% Following Analyst Upgrade

Oddity Tech Ltd. (NASDAQ:ODD)’s share price rose 6.8% during trading on Friday after Barclays raised their price target on the stock from $42.00 to $46.00. Barclays currently has an equal weight rating on the stock. Oddity Tech traded as high as $47.75 and last traded at $48.19. Approximately 111,068 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 452,347 shares. The stock had previously closed at $45.11.

Several other equities research analysts have also recently commented on ODD. JPMorgan Chase & Co. started coverage on Oddity Tech in a research note on Friday, January 31st. They set an “overweight” rating and a $55.00 target price for the company. Morgan Stanley increased their price target on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. The Goldman Sachs Group assumed coverage on shares of Oddity Tech in a research note on Friday, December 13th. They issued a “neutral” rating and a $48.00 price objective for the company. KeyCorp increased their target price on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Finally, Bank of America lifted their price target on shares of Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Oddity Tech currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.44.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Oddity Tech during the fourth quarter worth about $42,000. R Squared Ltd bought a new stake in Oddity Tech during the 4th quarter worth approximately $61,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Oddity Tech in the third quarter worth approximately $99,000. Quarry LP purchased a new stake in shares of Oddity Tech in the third quarter worth approximately $122,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Oddity Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock valued at $126,000 after purchasing an additional 449 shares in the last quarter. 35.88% of the stock is owned by institutional investors.

Oddity Tech Stock Up 5.6 %

The company has a 50-day moving average of $44.24 and a 200-day moving average of $41.97. The company has a market cap of $2.71 billion, a PE ratio of 29.04, a PEG ratio of 1.48 and a beta of 4.34.

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.