Oddity Tech (NASDAQ:ODD) Coverage Initiated at JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. began coverage on shares of Oddity Tech (NASDAQ:ODD) in a report issued on Friday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $55.00 price target on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 17.35% from the company’s current price.

A number of other equities research analysts also recently weighed in on ODD. Morgan Stanley boosted their target price on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group initiated coverage on Oddity Tech in a research note on Friday, December 13th. They issued a “neutral” rating and a $48.00 price target on the stock. KeyCorp increased their price target on shares of Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Finally, Barclays lifted their price objective on shares of Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Three investment 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 presently has an average rating of “Moderate Buy” and a consensus price target of $53.11.

Oddity Tech Price Performance

NASDAQ ODD opened at $46.87 on Friday. The firm has a market cap of $2.67 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 1.44 and a beta of 4.30. The stock’s 50 day simple moving average is $45.18 and its 200 day simple moving average is $41.29. Oddity Tech has a one year low of $30.34 and a one year high of $51.00.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. The business had revenue of $119.00 million during the quarter, compared to analysts’ expectations of $116.47 million. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 earnings per share. As a group, equities analysts expect that Oddity Tech will post 1.64 earnings per share for the current year.

Institutional Investors Weigh In On Oddity Tech

Hedge funds and other institutional investors have recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Oddity Tech in the fourth quarter valued at $61,000. Wilmington Savings Fund Society FSB acquired a new stake in Oddity Tech in the 3rd quarter valued at about $99,000. Quarry LP bought a new position in Oddity Tech during the third quarter worth about $122,000. Mendota Financial Group LLC acquired a new stake in shares of Oddity Tech in the third quarter valued at approximately $162,000. Finally, Blue Trust Inc. raised its stake in Oddity Tech by 13.3% in the 3rd quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock valued at $190,000 after acquiring an additional 566 shares during the period. Institutional investors and hedge funds own 35.88% of the company’s stock.

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.