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

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $53.63.

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

Oddity Tech Trading Down 0.8 %

Shares of ODD stock opened at $31.72 on Friday. The stock has a 50 day moving average of $40.16 and a two-hundred day moving average of $38.57. Oddity Tech has a 12 month low of $24.12 and a 12 month high of $56.00. The company has a market capitalization of $1.80 billion and a P/E ratio of 31.10.

Oddity Tech (NASDAQ:ODD) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.05 EPS for the quarter, hitting 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 the consensus estimate of $86.38 million. Sell-side analysts predict that Oddity Tech will post 1.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. bought a new position in Oddity Tech during the 3rd quarter worth approximately $157,621,000. MSD Partners L.P. acquired a new stake in Oddity Tech during the 3rd quarter worth approximately $50,510,000. FMR LLC acquired a new stake in Oddity Tech during the 3rd quarter worth approximately $47,208,000. Franklin Resources Inc. raised its holdings in Oddity Tech by 15.5% during the 4th quarter. Franklin Resources Inc. now owns 1,279,002 shares of the company’s stock worth $59,512,000 after buying an additional 171,652 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Oddity Tech by 58.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,255,220 shares of the company’s stock worth $58,405,000 after buying an additional 461,467 shares during the period. Institutional investors 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.