Oddity Tech Ltd. (NASDAQ:ODD) Receives $53.00 Average Price Target from Analysts

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $53.00.

Several equities research analysts have weighed in on ODD shares. JPMorgan Chase & Co. began coverage on Oddity Tech in a research report on Friday, January 31st. They set an “overweight” rating and a $55.00 price target on the stock. Barclays lifted their price target on Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. The Goldman Sachs Group initiated coverage on Oddity Tech in a research report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price objective on the stock. Bank of America lifted their target price on shares of Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, KeyCorp increased their price target on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th.

Institutional Trading of Oddity Tech

Institutional investors and hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB acquired a new position in Oddity Tech in the 4th quarter valued at $797,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Oddity Tech in the fourth quarter valued at about $1,767,000. Aurora Investment Counsel acquired a new stake in shares of Oddity Tech in the third quarter valued at about $2,056,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Oddity Tech by 4.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,104 shares of the company’s stock worth $2,387,000 after buying an additional 2,665 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in Oddity Tech by 267.9% during the third quarter. GSA Capital Partners LLP now owns 30,649 shares of the company’s stock worth $1,238,000 after acquiring an additional 22,319 shares during the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Oddity Tech Price Performance

ODD stock opened at $44.63 on Wednesday. The firm’s fifty day simple moving average is $44.65 and its 200-day simple moving average is $42.55. Oddity Tech has a 12 month low of $30.34 and a 12 month high of $51.00. The company has a market capitalization of $2.49 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 1.48 and a beta of 4.20.

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.