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

Oddity Tech Ltd. (NASDAQ:ODD) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $52.43.

Several research analysts have recently issued reports on ODD shares. KeyCorp raised their target price 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 $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. started coverage on Oddity Tech in a research note on Friday, January 31st. They issued an “overweight” rating and a $55.00 price target on the stock. Finally, Bank of America lifted their price objective on Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ODD. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Oddity Tech during the fourth quarter worth about $42,000. R Squared Ltd acquired a new stake in Oddity Tech during the 4th quarter worth approximately $61,000. Wilmington Savings Fund Society FSB bought a new position in Oddity Tech in the third quarter valued at approximately $99,000. Quarry LP acquired a new position in shares of Oddity Tech in the third quarter valued at approximately $122,000. Finally, Wells Fargo & Company MN increased its position in shares of Oddity Tech by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock worth $126,000 after acquiring an additional 449 shares in the last quarter. 35.88% of the stock is currently owned by institutional investors.

Oddity Tech Trading Down 0.2 %

ODD opened at $41.58 on Friday. Oddity Tech has a 1-year low of $30.34 and a 1-year high of $51.00. The stock has a market capitalization of $2.32 billion, a PE ratio of 25.35, a PEG ratio of 1.48 and a beta of 3.73. The firm has a 50-day moving average price of $43.70 and a two-hundred day moving average price of $43.46.

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.