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

Oddity Tech Ltd. (NASDAQ:ODD) has received an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $53.75.

ODD has been the topic of several recent research reports. Truist Financial reaffirmed a “buy” rating and set a $58.00 target price on shares of Oddity Tech in a report on Friday, June 7th. Barclays dropped 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 research report on Friday, May 10th. Finally, Evercore ISI started coverage on shares of Oddity Tech in a research report on Thursday, April 4th. They set an “outperform” rating and a $57.00 price target for the company.

Institutional Investors Weigh In On Oddity Tech

Several institutional investors and hedge funds have recently modified their holdings of ODD. Federated Hermes Inc. purchased a new stake in shares of Oddity Tech in the 3rd quarter worth about $510,000. Ashford Capital Management Inc. purchased a new stake in shares of Oddity Tech in the 3rd quarter worth about $12,934,000. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Oddity Tech in the 3rd quarter worth about $1,375,000. Moody National Bank Trust Division purchased a new stake in shares of Oddity Tech in the 4th quarter worth about $1,211,000. Finally, Legato Capital Management LLC purchased a new stake in shares of Oddity Tech in the 4th quarter worth about $336,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

Oddity Tech Price Performance

Shares of NASDAQ:ODD opened at $41.14 on Friday. Oddity Tech has a one year low of $24.12 and a one year high of $56.00. The company’s fifty day moving average price is $38.92 and its 200-day moving average price is $40.48. The firm has a market capitalization of $2.34 billion and a price-to-earnings ratio of 34.28.

Oddity Tech (NASDAQ:ODD) last released its earnings results on Tuesday, May 7th. The company reported $0.53 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $205.55 million. As a group, equities research analysts expect that Oddity Tech will post 1.34 EPS for the current 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.