Oddity Tech Ltd. (NASDAQ:ODD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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 stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $53.50.

Several research firms have issued reports on ODD. Barclays dropped their price target on shares of Oddity Tech from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Truist Financial reaffirmed a “buy” rating and set a $58.00 price target on shares of Oddity Tech in a research report on Friday, June 7th.

Institutional Investors Weigh In On Oddity Tech

Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its position in Oddity Tech by 69.7% during the 4th quarter. Parallel Advisors LLC now owns 594 shares of the company’s stock worth $28,000 after buying an additional 244 shares during the period. Knuff & Co LLC boosted its position in Oddity Tech by 43.1% during the 2nd quarter. Knuff & Co LLC now owns 5,013 shares of the company’s stock worth $197,000 after buying an additional 1,510 shares during the period. Peregrine Capital Management LLC boosted its position in Oddity Tech by 1.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 143,384 shares of the company’s stock worth $5,629,000 after buying an additional 1,784 shares during the period. Moody National Bank Trust Division boosted its position in Oddity Tech by 8.3% during the 1st quarter. Moody National Bank Trust Division now owns 28,179 shares of the company’s stock worth $1,224,000 after buying an additional 2,150 shares during the period. Finally, nVerses Capital LLC acquired a new stake in Oddity Tech during the 2nd quarter worth approximately $102,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Oddity Tech Stock Performance

Shares of NASDAQ:ODD opened at $38.49 on Tuesday. Oddity Tech has a 52 week low of $24.12 and a 52 week high of $56.00. The company has a market capitalization of $2.19 billion and a PE ratio of 32.08. The company has a 50 day moving average price of $39.75 and a two-hundred day moving average price of $39.98.

Oddity Tech (NASDAQ:ODD) last issued its earnings results on Tuesday, May 7th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.41 by $0.12. Oddity Tech had a net margin of 12.97% and a return on equity of 26.10%. The firm had revenue of $211.63 million during the quarter, compared to the consensus estimate of $205.55 million. On average, sell-side analysts forecast that Oddity Tech will post 1.34 earnings per share for the current year.

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.