Oddity Tech Ltd. (NASDAQ:ODD) Given Average Rating of “Moderate Buy” by Analysts

Oddity Tech Ltd. (NASDAQ:ODD) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $52.83.

Separately, Barclays dropped their target price on Oddity Tech from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Knuff & Co LLC lifted its position in shares of Oddity Tech by 43.1% in 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 last quarter. Peregrine Capital Management LLC boosted its stake in Oddity Tech by 1.3% in the second quarter. Peregrine Capital Management LLC now owns 143,384 shares of the company’s stock valued at $5,629,000 after acquiring an additional 1,784 shares during the period. Moody National Bank Trust Division grew its holdings in shares of Oddity Tech by 8.3% during the first quarter. Moody National Bank Trust Division now owns 28,179 shares of the company’s stock valued at $1,224,000 after purchasing an additional 2,150 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Oddity Tech during the 2nd quarter worth approximately $102,000. Finally, Public Employees Retirement Association of Colorado bought a new stake in shares of Oddity Tech in the 2nd quarter worth approximately $102,000. Institutional investors own 35.88% of the company’s stock.

Oddity Tech Stock Down 1.3 %

NASDAQ ODD opened at $40.64 on Friday. Oddity Tech has a fifty-two week low of $24.12 and a fifty-two week high of $50.36. The business has a 50 day moving average price of $37.85 and a two-hundred day moving average price of $38.12. The stock has a market cap of $2.31 billion, a PE ratio of 33.87, a P/E/G ratio of 1.37 and a beta of 4.49.

Oddity Tech (NASDAQ:ODD) last announced its earnings results on Wednesday, August 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.24. Oddity Tech had a net margin of 14.66% and a return on equity of 26.66%. The business had revenue of $192.77 million during the quarter, compared to the consensus estimate of $188.49 million. During the same period in the prior year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. Sell-side analysts anticipate that Oddity Tech will post 1.46 EPS 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.