Oddity Tech Ltd. (NASDAQ:ODD) Given Average Rating of “Moderate Buy” by Analysts

Oddity Tech Ltd. (NASDAQ:ODD) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $53.11.

Several analysts have issued reports on ODD shares. Barclays increased their price objective on shares of Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. 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 objective for the company. Morgan Stanley raised their target price on Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. started coverage on shares of Oddity Tech in a research note on Friday, January 31st. They set an “overweight” rating and a $55.00 price objective on the stock. Finally, KeyCorp lifted their price objective on shares of Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th.

Hedge Funds Weigh In On Oddity Tech

Institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. grew its stake in Oddity Tech by 1.1% during the 4th quarter. D.A. Davidson & CO. now owns 25,838 shares of the company’s stock valued at $1,086,000 after acquiring an additional 273 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Oddity Tech by 17.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock worth $126,000 after acquiring an additional 449 shares during the period. Blue Trust Inc. raised its holdings in Oddity Tech by 13.3% in the 3rd quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock worth $190,000 after acquiring an additional 566 shares during the period. American Century Companies Inc. increased its holdings in shares of Oddity Tech by 5.1% during the 4th quarter. American Century Companies Inc. now owns 12,334 shares of the company’s stock worth $518,000 after purchasing an additional 593 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Oddity Tech by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 63,625 shares of the company’s stock worth $2,569,000 after purchasing an additional 750 shares during the period. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Oddity Tech Stock Performance

NASDAQ ODD opened at $44.46 on Friday. Oddity Tech has a one year low of $30.34 and a one year high of $51.00. The company’s 50 day moving average price is $44.60 and its 200 day moving average price is $41.68. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.44 and a beta of 4.34.

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.