KeyCorp Cuts Oddity Tech (NASDAQ:ODD) Price Target to $50.00

Oddity Tech (NASDAQ:ODD) had its target price lowered by KeyCorp from $52.00 to $50.00 in a research note issued to investors on Wednesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other research analysts have also commented on ODD. JPMorgan Chase & Co. assumed coverage on Oddity Tech in a research report on Friday, January 31st. They set an “overweight” rating and a $55.00 price target on the stock. Bank of America upped their price target on shares of Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Barclays lifted their price objective on shares of Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oddity Tech presently has an average rating of “Moderate Buy” and a consensus price target of $52.14.

Oddity Tech Price Performance

NASDAQ ODD opened at $40.46 on Wednesday. The company has a fifty day moving average of $43.42 and a two-hundred day moving average of $43.47. The company has a market capitalization of $2.26 billion, a PE ratio of 24.67, a P/E/G ratio of 1.48 and a beta of 3.73. Oddity Tech has a 1 year low of $30.34 and a 1 year high of $51.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp lifted its position in shares of Oddity Tech by 5.7% during the 3rd quarter. State Street Corp now owns 236,199 shares of the company’s stock valued at $9,538,000 after acquiring an additional 12,700 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Oddity Tech in the third quarter worth approximately $349,000. Geode Capital Management LLC grew its holdings in Oddity Tech by 1.2% in the third quarter. Geode Capital Management LLC now owns 63,625 shares of the company’s stock valued at $2,569,000 after purchasing an additional 750 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Oddity Tech during the third quarter worth approximately $99,000. Finally, Nordea Investment Management AB purchased a new position in Oddity Tech during the fourth quarter worth approximately $797,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

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.