Oddity Tech (NASDAQ:ODD) Shares Gap Down – What’s Next?

Oddity Tech Ltd. (NASDAQ:ODD) shares gapped down before the market opened on Thursday . The stock had previously closed at $44.61, but opened at $43.39. Oddity Tech shares last traded at $43.09, with a volume of 123,455 shares traded.

Wall Street Analysts Forecast Growth

Separately, Barclays increased their price target on shares of Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.33.

Oddity Tech Stock Down 4.6 %

The company’s fifty day moving average is $38.99 and its two-hundred day moving average is $38.89. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 1.55 and a beta of 4.40.

Oddity Tech (NASDAQ:ODD) last issued its earnings results on Wednesday, November 6th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.10. The firm had revenue of $119.00 million for the quarter, compared to analysts’ expectations of $116.47 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The firm’s revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share. Sell-side analysts predict that Oddity Tech Ltd. will post 1.46 EPS for the current fiscal year.

Institutional Trading of Oddity Tech

Several hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Oddity Tech by 13.3% during the third quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock worth $190,000 after purchasing an additional 566 shares in the last quarter. Knuff & Co LLC raised its holdings in Oddity Tech by 43.1% during the second quarter. Knuff & Co LLC now owns 5,013 shares of the company’s stock worth $197,000 after purchasing an additional 1,510 shares in the last quarter. Peregrine Capital Management LLC raised its holdings in Oddity Tech by 1.3% during the second quarter. Peregrine Capital Management LLC now owns 143,384 shares of the company’s stock worth $5,629,000 after purchasing an additional 1,784 shares in the last quarter. nVerses Capital LLC acquired a new stake in Oddity Tech during the second quarter worth approximately $102,000. Finally, Public Employees Retirement Association of Colorado acquired a new stake in Oddity Tech during the second quarter worth approximately $102,000. 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.