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

Oddity Tech Ltd. (NASDAQ:ODD) has received an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $53.00.

A number of equities analysts have recently issued reports on ODD shares. Barclays increased their price target on Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. The Goldman Sachs Group assumed coverage on Oddity Tech in a research note on Friday, December 13th. They set a “neutral” rating and a $48.00 price objective for the company. JPMorgan Chase & Co. started coverage on Oddity Tech in a research note on Friday, January 31st. They issued an “overweight” rating and a $55.00 price target for the company. KeyCorp increased their price objective on Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley raised their price objective on Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th.

Institutional Trading of Oddity Tech

Several institutional investors and hedge funds have recently made changes to their positions in ODD. GSA Capital Partners LLP raised its stake in Oddity Tech by 267.9% during the 3rd quarter. GSA Capital Partners LLP now owns 30,649 shares of the company’s stock valued at $1,238,000 after acquiring an additional 22,319 shares during the last quarter. Aurora Investment Counsel acquired a new stake in Oddity Tech during the 3rd quarter valued at $2,056,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Oddity Tech by 4.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,104 shares of the company’s stock valued at $2,387,000 after buying an additional 2,665 shares during the last quarter. Verition Fund Management LLC grew its holdings in Oddity Tech by 7.2% during the 3rd quarter. Verition Fund Management LLC now owns 35,248 shares of the company’s stock valued at $1,423,000 after buying an additional 2,368 shares during the last quarter. Finally, PDT Partners LLC lifted its stake in shares of Oddity Tech by 39.2% during the 3rd quarter. PDT Partners LLC now owns 91,610 shares of the company’s stock worth $3,699,000 after purchasing an additional 25,789 shares during the period. 35.88% of the stock is owned by hedge funds and other institutional investors.

Oddity Tech Stock Performance

NASDAQ ODD opened at $44.30 on Wednesday. The business’s 50 day moving average price is $44.37 and its 200-day moving average price is $42.24. The company has a market cap of $2.47 billion, a P/E ratio of 27.01, a P/E/G ratio of 1.48 and a beta of 4.20. Oddity Tech has a fifty-two week low of $30.34 and a fifty-two week high of $51.00.

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.