Oddity Tech (NASDAQ:ODD) Posts Earnings Results, Misses Estimates By $0.07 EPS

Oddity Tech (NASDAQ:ODD) issued its quarterly earnings data on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.07), Zacks reports. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%.

Oddity Tech Stock Up 5.5 %

Shares of NASDAQ ODD traded up $2.36 during midday trading on Tuesday, hitting $45.52. The stock had a trading volume of 1,662,849 shares, compared to its average volume of 434,560. Oddity Tech has a 1-year low of $30.34 and a 1-year high of $51.00. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.48 and a beta of 4.34. The company has a fifty day moving average price of $44.25 and a 200 day moving average price of $41.79.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ODD. JPMorgan Chase & Co. assumed coverage on shares of Oddity Tech in a report on Friday, January 31st. They issued an “overweight” rating and a $55.00 target price on the stock. KeyCorp upped 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. Barclays lifted their target price on shares of Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Morgan Stanley increased their price target on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group assumed coverage on Oddity Tech in a research report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price objective for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.11.

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.