Oddity Tech (NASDAQ:ODD) Price Target Raised to $52.00 at KeyCorp

Oddity Tech (NASDAQ:ODD) had its target price hoisted by KeyCorp from $50.00 to $52.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other brokerages also recently issued reports on ODD. Morgan Stanley lifted their price objective on shares of 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 began coverage on shares of Oddity Tech in a report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price target on the stock. Finally, Barclays increased their price objective on Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.88.

Oddity Tech Stock Performance

Shares of NASDAQ:ODD opened at $43.36 on Wednesday. The firm’s 50 day simple moving average is $44.43 and its 200-day simple moving average is $40.83. Oddity Tech has a one year low of $30.34 and a one year high of $51.00. The firm has a market cap of $2.47 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.49 and a beta of 4.30.

Oddity Tech (NASDAQ:ODD) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. The business had revenue of $119.00 million for the quarter, compared to the consensus estimate of $116.47 million. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The business’s revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 EPS. Equities research analysts predict that Oddity Tech will post 1.64 EPS for the current fiscal year.

Institutional Trading of Oddity Tech

Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC acquired a new position in shares of Oddity Tech during the 2nd quarter worth about $3,722,000. Bank of New York Mellon Corp raised its holdings in shares of Oddity Tech by 1,303.8% during the second quarter. Bank of New York Mellon Corp now owns 145,196 shares of the company’s stock valued at $5,700,000 after acquiring an additional 134,853 shares during the last quarter. Seven Eight Capital LP purchased a new position in shares of Oddity Tech in the second quarter valued at approximately $1,060,000. Aurora Investment Counsel acquired a new stake in shares of Oddity Tech in the third quarter worth approximately $2,056,000. Finally, Y.D. More Investments Ltd increased its position in shares of Oddity Tech by 8.6% during the second quarter. Y.D. More Investments Ltd now owns 596,940 shares of the company’s stock worth $23,436,000 after purchasing an additional 47,390 shares in the last quarter. 35.88% of the stock is owned by institutional investors and hedge funds.

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.