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

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $53.11.

ODD has been the topic of several recent research reports. KeyCorp upped their target price on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Barclays upped 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. The Goldman Sachs Group initiated coverage on shares of Oddity Tech in a research note on Friday, December 13th. They set a “neutral” rating and a $48.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on shares of Oddity Tech in a research note on Friday, January 31st. They set an “overweight” rating and a $55.00 target price on the stock. Finally, Morgan Stanley upped their target price on shares of Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th.

Institutional Trading of Oddity Tech

A number of large investors have recently bought and sold shares of the business. Granahan Investment Management LLC boosted its stake in Oddity Tech by 15.9% during the 4th quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company’s stock worth $64,635,000 after purchasing an additional 211,485 shares during the period. Bamco Inc. NY lifted its stake in shares of Oddity Tech by 14.7% in the 4th quarter. Bamco Inc. NY now owns 1,429,198 shares of the company’s stock worth $60,055,000 after acquiring an additional 183,152 shares during the period. Capital International Investors lifted its stake in shares of Oddity Tech by 29.5% in the 4th quarter. Capital International Investors now owns 1,365,744 shares of the company’s stock worth $57,389,000 after acquiring an additional 311,401 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Oddity Tech by 0.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,283,074 shares of the company’s stock worth $53,915,000 after acquiring an additional 11,716 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of Oddity Tech by 71.9% in the 4th quarter. Janus Henderson Group PLC now owns 846,281 shares of the company’s stock worth $35,539,000 after acquiring an additional 354,083 shares during the period. Institutional investors and hedge funds own 35.88% of the company’s stock.

Oddity Tech Stock Performance

Oddity Tech stock opened at $44.00 on Friday. Oddity Tech has a 1 year low of $30.34 and a 1 year high of $51.00. The company’s 50 day simple moving average is $44.38 and its 200-day simple moving average is $41.74. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.49 and a beta of 4.34.

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.