Oddity Tech Ltd. (NASDAQ:ODD) Given Consensus Rating of “Moderate Buy” by Brokerages

Oddity Tech Ltd. (NASDAQ:ODD) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $53.75.

Several research analysts have commented on ODD shares. Evercore ISI started coverage on shares of Oddity Tech in a report on Thursday, April 4th. They issued an “outperform” rating and a $57.00 target price for the company. Barclays decreased their price target on shares of Oddity Tech from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Finally, Truist Financial restated a “buy” rating and set a $58.00 price target on shares of Oddity Tech in a report on Friday, June 7th.

Hedge Funds Weigh In On Oddity Tech

A number of institutional investors have recently modified their holdings of the company. Moody National Bank Trust Division acquired a new stake in shares of Oddity Tech in the fourth quarter worth $1,211,000. Y.D. More Investments Ltd grew its stake in shares of Oddity Tech by 10.8% in the fourth quarter. Y.D. More Investments Ltd now owns 399,550 shares of the company’s stock worth $18,591,000 after acquiring an additional 39,000 shares during the last quarter. Norges Bank acquired a new stake in shares of Oddity Tech in the fourth quarter worth $13,318,000. Winslow Capital Management LLC boosted its stake in Oddity Tech by 7.7% during the fourth quarter. Winslow Capital Management LLC now owns 560,558 shares of the company’s stock worth $26,083,000 after buying an additional 40,000 shares in the last quarter. Finally, Capstone Investment Advisors LLC boosted its stake in Oddity Tech by 325.1% during the first quarter. Capstone Investment Advisors LLC now owns 62,073 shares of the company’s stock worth $2,697,000 after buying an additional 47,472 shares in the last quarter. Institutional investors own 35.88% of the company’s stock.

Oddity Tech Price Performance

Shares of ODD opened at $40.46 on Friday. Oddity Tech has a one year low of $24.12 and a one year high of $56.00. The company has a 50-day moving average of $38.63 and a two-hundred day moving average of $40.48. The stock has a market cap of $2.30 billion and a price-to-earnings ratio of 33.72.

Oddity Tech (NASDAQ:ODD) last announced its earnings results on Tuesday, May 7th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.41 by $0.12. Oddity Tech had a net margin of 12.97% and a return on equity of 26.10%. The company had revenue of $211.63 million during the quarter, compared to analysts’ expectations of $205.55 million. Analysts anticipate that Oddity Tech will post 1.34 earnings per share for the current year.

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.