Oddity Tech (NASDAQ:ODD) Price Target Raised to $52.00 at KeyCorp

Oddity Tech (NASDAQ:ODD) had its target price boosted by KeyCorp from $50.00 to $52.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also issued reports on ODD. Barclays upped 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. Morgan Stanley increased their price target 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, The Goldman Sachs Group began coverage on shares of Oddity Tech in a research report on Friday, December 13th. They set a “neutral” rating and a $48.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Oddity Tech presently has an average rating of “Moderate Buy” and a consensus price target of $52.88.

Oddity Tech Price Performance

ODD opened at $43.36 on Wednesday. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 1.49 and a beta of 4.30. The company’s 50 day simple moving average is $44.43 and its two-hundred day simple moving average is $40.83. Oddity Tech has a 1-year low of $30.34 and a 1-year high of $51.00.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ODD. Nordea Investment Management AB purchased a new position in shares of Oddity Tech in the fourth quarter valued at approximately $797,000. Wilmington Savings Fund Society FSB purchased a new position in Oddity Tech in the 3rd quarter valued at approximately $99,000. Geode Capital Management LLC grew its stake in shares of Oddity Tech by 1.2% in the third quarter. Geode Capital Management LLC now owns 63,625 shares of the company’s stock worth $2,569,000 after acquiring an additional 750 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Oddity Tech during the third quarter worth $349,000. Finally, Main Management ETF Advisors LLC acquired a new stake in shares of Oddity Tech in the third quarter valued at $846,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

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.