Oddity Tech (NASDAQ:ODD) Shares Gap Down – Should You Sell?

Oddity Tech Ltd. (NASDAQ:ODD) shares gapped down before the market opened on Friday . The stock had previously closed at $43.48, but opened at $42.22. Oddity Tech shares last traded at $43.50, with a volume of 40,984 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ODD shares. The Goldman Sachs Group started coverage on Oddity Tech in a research note on Friday, December 13th. They issued a “neutral” rating and a $48.00 price target for the company. Morgan Stanley raised their target price on shares of Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Barclays boosted their target price on shares of Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Oddity Tech has an average rating of “Moderate Buy” and a consensus price target of $53.00.

Oddity Tech Trading Down 0.8 %

The company has a 50 day moving average of $43.81 and a 200-day moving average of $40.68. The firm has a market capitalization of $2.45 billion, a P/E ratio of 26.31, a P/E/G ratio of 1.49 and a beta of 4.46.

Oddity Tech (NASDAQ:ODD) last announced its earnings results on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.22 by $0.10. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The company had revenue of $119.00 million for the quarter, compared to analysts’ expectations of $116.47 million. During the same period last year, the firm earned $0.06 earnings per share. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. As a group, sell-side analysts forecast that Oddity Tech Ltd. will post 1.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Oddity Tech

Large investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Oddity Tech during the 3rd quarter worth approximately $99,000. nVerses Capital LLC bought a new position in shares of Oddity Tech in the 2nd quarter valued at $102,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Oddity Tech during the 2nd quarter worth $102,000. Federated Hermes Inc. bought a new stake in shares of Oddity Tech during the 2nd quarter worth $113,000. Finally, Quarry LP bought a new position in Oddity Tech in the third quarter valued at about $122,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

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.