Analysts Set Oddity Tech Ltd. (NASDAQ:ODD) Price Target at $53.63

Oddity Tech Ltd. (NASDAQ:ODD) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $53.63.

A number of equities analysts recently commented on ODD shares. Evercore ISI initiated coverage on shares of Oddity Tech in a research note on Thursday, April 4th. They set an “outperform” rating and a $57.00 price target for the company. Morgan Stanley upped their target price on Oddity Tech from $35.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Bank of America raised their price target on Oddity Tech from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Barclays cut their price objective on Oddity Tech from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, April 12th. Finally, JMP Securities reissued a “market outperform” rating and set a $66.00 target price on shares of Oddity Tech in a research note on Thursday, March 7th.

Institutional Trading of Oddity Tech

A number of hedge funds have recently added to or reduced their stakes in ODD. Parallel Advisors LLC raised its holdings in shares of Oddity Tech by 69.7% in the 4th quarter. Parallel Advisors LLC now owns 594 shares of the company’s stock valued at $28,000 after purchasing an additional 244 shares in the last quarter. TFC Financial Management Inc. bought a new position in Oddity Tech in the third quarter worth approximately $51,000. M&T Bank Corp bought a new position in Oddity Tech in the fourth quarter worth approximately $203,000. Greycroft LP purchased a new stake in Oddity Tech during the third quarter worth $227,000. Finally, TD Asset Management Inc bought a new stake in Oddity Tech during the 3rd quarter valued at $261,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

Oddity Tech Trading Up 1.5 %

ODD opened at $32.19 on Friday. Oddity Tech has a 12 month low of $24.12 and a 12 month high of $56.00. The stock has a 50-day moving average of $40.00 and a 200 day moving average of $38.63. The firm has a market cap of $1.83 billion and a P/E ratio of 31.56.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $97.25 million for the quarter, compared to analyst estimates of $86.38 million. Oddity Tech had a return on equity of 26.22% and a net margin of 11.51%. On average, research analysts forecast that Oddity Tech will post 1.22 earnings per share for the current fiscal 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.