Oddity Tech (NASDAQ:ODD) Reaches New 1-Year High – Time to Buy?

Oddity Tech Ltd. (NASDAQ:ODD)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $73.00 and last traded at $71.35, with a volume of 737193 shares traded. The stock had previously closed at $69.65.

Wall Street Analyst Weigh In

ODD has been the subject of several research analyst reports. Barclays lifted their price objective on Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Bank of America boosted their price objective on Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. JMP Securities reiterated a “market outperform” rating and set a $66.00 target price on shares of Oddity Tech in a research report on Tuesday, April 22nd. Truist Financial boosted their price target on shares of Oddity Tech from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Finally, KeyCorp decreased their price target on shares of Oddity Tech from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.63.

Oddity Tech Stock Performance

The company has a market cap of $4.00 billion, a PE ratio of 43.82, a PEG ratio of 1.48 and a beta of 3.44. The business’s 50-day moving average is $51.23 and its 200 day moving average is $47.03.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. The firm had revenue of $268.08 million for the quarter, compared to the consensus estimate of $260.71 million. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The company’s quarterly revenue was up 26.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 earnings per share. Equities research analysts anticipate that Oddity Tech Ltd. will post 1.62 EPS for the current fiscal year.

Institutional Trading of Oddity Tech

A number of institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. lifted its holdings in Oddity Tech by 4.8% in the 1st quarter. Baillie Gifford & Co. now owns 6,255,326 shares of the company’s stock worth $270,605,000 after buying an additional 285,745 shares during the period. Granahan Investment Management LLC boosted its holdings in Oddity Tech by 1.1% in the first quarter. Granahan Investment Management LLC now owns 1,555,191 shares of the company’s stock valued at $67,278,000 after acquiring an additional 16,993 shares in the last quarter. Bamco Inc. NY increased its position in Oddity Tech by 14.7% during the 4th quarter. Bamco Inc. NY now owns 1,429,198 shares of the company’s stock valued at $60,055,000 after purchasing an additional 183,152 shares during the period. Capital International Investors raised its holdings in Oddity Tech by 29.5% in the 4th quarter. Capital International Investors now owns 1,365,744 shares of the company’s stock worth $57,389,000 after purchasing an additional 311,401 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Oddity Tech by 0.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,289,493 shares of the company’s stock worth $55,783,000 after purchasing an additional 6,419 shares during the period. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

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.