Brokerages Set Oddity Tech Ltd. (NASDAQ:ODD) PT at $53.63

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $53.63.

A number of analysts have recently weighed in on the company. Barclays dropped their price target on Oddity Tech from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, April 12th. Bank of America increased their target price on Oddity Tech from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. JMP Securities reissued a “market outperform” rating and set a $66.00 price target on shares of Oddity Tech in a report on Thursday, March 7th. Morgan Stanley increased their price objective on shares of Oddity Tech from $35.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Finally, Evercore ISI initiated coverage on shares of Oddity Tech in a research report on Thursday, April 4th. They issued an “outperform” rating and a $57.00 target price for the company.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Parallel Advisors LLC increased its holdings in shares of Oddity Tech by 69.7% in the fourth quarter. Parallel Advisors LLC now owns 594 shares of the company’s stock valued at $28,000 after buying an additional 244 shares in the last quarter. TFC Financial Management Inc. purchased a new position in shares of Oddity Tech in the third quarter worth approximately $51,000. M&T Bank Corp acquired a new stake in shares of Oddity Tech during the fourth quarter valued at approximately $203,000. Legato Capital Management LLC purchased a new stake in shares of Oddity Tech in the 4th quarter valued at approximately $336,000. Finally, Greycroft LP acquired a new position in Oddity Tech in the 3rd quarter worth approximately $227,000. Institutional investors own 35.88% of the company’s stock.

Oddity Tech Price Performance

Shares of ODD opened at $33.17 on Friday. The stock has a market capitalization of $1.89 billion and a PE ratio of 32.52. The business’s fifty day moving average price is $40.60 and its 200 day moving average price is $38.66. Oddity Tech has a 12-month low of $24.12 and a 12-month high of $56.00.

Oddity Tech (NASDAQ:ODD) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Oddity Tech had a net margin of 11.51% and a return on equity of 26.22%. The company had revenue of $97.25 million for the quarter, compared to the consensus estimate of $86.38 million. As a group, research analysts anticipate that Oddity Tech will post 1.22 earnings per share for the current fiscal year.

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.