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

Oddity Tech Ltd. (NASDAQ:ODD) has earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $53.33.

Separately, Barclays lifted their price objective on shares of Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 11th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ODD. Wilmington Savings Fund Society FSB acquired a new position in Oddity Tech in the 3rd quarter valued at $99,000. nVerses Capital LLC purchased a new stake in shares of Oddity Tech during the second quarter worth $102,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Oddity Tech in the second quarter valued at about $102,000. Federated Hermes Inc. purchased a new position in shares of Oddity Tech in the second quarter worth about $113,000. Finally, Quarry LP acquired a new position in Oddity Tech during the third quarter worth about $122,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Oddity Tech Stock Up 0.4 %

Shares of ODD opened at $46.46 on Monday. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 1.40 and a beta of 4.40. Oddity Tech has a 52 week low of $30.34 and a 52 week high of $50.36. The stock’s 50-day moving average price is $41.14 and its 200-day moving average price is $39.61.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.22 by $0.10. The business had revenue of $119.00 million for the quarter, compared to analyst estimates of $116.47 million. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. As a group, equities analysts anticipate that Oddity Tech will post 1.64 EPS for the current fiscal year.

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.