KeyCorp Has Lowered Expectations for Oddity Tech (NASDAQ:ODD) Stock Price

Oddity Tech (NASDAQ:ODD) had its target price decreased by KeyCorp from $52.00 to $50.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 21.71% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Bank of America boosted their price objective on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. started coverage on Oddity Tech in a research report on Friday, January 31st. They issued an “overweight” rating and a $55.00 price target for the company. Finally, Barclays upped their price objective on Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.14.

Oddity Tech Price Performance

NASDAQ:ODD opened at $41.08 on Wednesday. The firm has a market cap of $2.29 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 1.48 and a beta of 3.73. The company has a 50-day moving average of $43.46 and a 200 day moving average of $43.49. 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 added to or reduced their stakes in the business. Mark Sheptoff Financial Planning LLC purchased a new stake in Oddity Tech in the fourth quarter valued at about $42,000. R Squared Ltd acquired a new position in shares of Oddity Tech during the fourth quarter valued at about $61,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Oddity Tech in the 3rd quarter valued at approximately $99,000. Wells Fargo & Company MN boosted its stake 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 purchasing an additional 449 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Oddity Tech during the 4th quarter worth approximately $246,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

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.