Brokerages Set Oddity Tech Ltd. (NASDAQ:ODD) Target Price at $53.63

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $53.63.

Several research analysts recently commented on ODD shares. JMP Securities reaffirmed a “market outperform” rating and issued a $66.00 price target on shares of Oddity Tech in a research note on Thursday, March 7th. Bank of America increased their price objective on Oddity Tech from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Evercore ISI started coverage on Oddity Tech in a report on Thursday, April 4th. They set an “outperform” rating and a $57.00 price objective on the stock. Barclays lowered their target price on Oddity Tech from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, April 12th. Finally, Morgan Stanley raised their price target on Oddity Tech from $35.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th.

Institutional Investors Weigh In On Oddity Tech

Hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its stake in shares of Oddity Tech by 69.7% during the 4th quarter. Parallel Advisors LLC now owns 594 shares of the company’s stock worth $28,000 after purchasing an additional 244 shares during the period. TFC Financial Management Inc. purchased a new position in Oddity Tech in the third quarter valued at $51,000. Moody National Bank Trust Division raised its position in shares of Oddity Tech by 8.3% in the first quarter. Moody National Bank Trust Division now owns 28,179 shares of the company’s stock worth $1,224,000 after acquiring an additional 2,150 shares during the period. M&T Bank Corp purchased a new stake in shares of Oddity Tech during the 4th quarter worth about $203,000. Finally, Legato Capital Management LLC acquired a new stake in shares of Oddity Tech during the 4th quarter valued at about $336,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

Oddity Tech Price Performance

Oddity Tech stock opened at $33.17 on Friday. Oddity Tech has a 1-year low of $24.12 and a 1-year high of $56.00. The company’s 50-day moving average is $40.60 and its 200 day moving average is $38.66. The firm has a market capitalization of $1.89 billion and a P/E ratio of 32.52.

Oddity Tech (NASDAQ:ODD) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. Oddity Tech had a return on equity of 26.22% and a net margin of 11.51%. The company had revenue of $97.25 million during the quarter, compared to analysts’ expectations of $86.38 million. Research analysts anticipate that Oddity Tech will post 1.22 earnings per share for the current fiscal 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.