Brokerages Set Oddity Tech Ltd. (NASDAQ:ODD) PT at $52.43

Oddity Tech Ltd. (NASDAQ:ODD) has earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $52.43.

A number of research firms have recently commented on ODD. Barclays cut their target price on Oddity Tech from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Truist Financial reiterated a “buy” rating and set a $58.00 target price on shares of Oddity Tech in a research report on Friday, June 7th.

Hedge Funds Weigh In On Oddity Tech

Several institutional investors have recently added to or reduced their stakes in ODD. Swiss National Bank acquired a new position in Oddity Tech in the 4th quarter valued at about $1,456,000. Norges Bank acquired a new position in Oddity Tech during the 4th quarter worth approximately $13,318,000. Clearbridge Investments LLC acquired a new position in Oddity Tech during the 4th quarter worth approximately $27,056,000. Franklin Resources Inc. increased its position 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 purchasing an additional 171,652 shares during the period. Finally, Eagle Global Advisors LLC acquired a new position in Oddity Tech during the 4th quarter worth approximately $423,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Oddity Tech Price Performance

Shares of NASDAQ ODD opened at $35.58 on Wednesday. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 1.13 and a beta of 4.48. The business has a 50-day moving average of $38.33 and a two-hundred day moving average of $38.82. Oddity Tech has a 1 year low of $24.12 and a 1 year high of $50.36.

Oddity Tech (NASDAQ:ODD) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.24. The company had revenue of $192.77 million during the quarter, compared to the consensus estimate of $188.49 million. Oddity Tech had a return on equity of 26.66% and a net margin of 14.66%. Oddity Tech’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. As a group, equities research analysts expect that Oddity Tech will post 1.46 earnings per share for the current year.

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.