Oddity Tech (NASDAQ:ODD) Releases Earnings Results, Misses Estimates By $0.07 EPS

Oddity Tech (NASDAQ:ODD) announced its quarterly earnings results on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.07), Zacks reports. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%.

Oddity Tech Stock Performance

NASDAQ ODD traded up $2.36 during trading on Tuesday, hitting $45.52. 1,662,850 shares of the company’s stock traded hands, compared to its average volume of 434,748. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.48 and a beta of 4.34. Oddity Tech has a 12-month low of $30.34 and a 12-month high of $51.00. The business has a 50 day moving average of $44.25 and a 200-day moving average of $41.79.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Oddity Tech in a research note on Friday, December 13th. They issued a “neutral” rating and a $48.00 target price for the company. Barclays lifted their target price on shares of Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. initiated coverage on Oddity Tech in a research report on Friday, January 31st. They issued an “overweight” rating and a $55.00 price objective on the stock. Morgan Stanley raised their target price on Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, KeyCorp boosted 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. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.11.

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.