Oddity Tech (NASDAQ:ODD) Trading Up 4.2% – Still a Buy?

Oddity Tech Ltd. (NASDAQ:ODD)’s share price was up 4.2% during mid-day trading on Monday . The company traded as high as $43.72 and last traded at $44.74. Approximately 30,790 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 536,094 shares. The stock had previously closed at $42.94.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. assumed coverage on Oddity Tech in a research note on Friday, January 31st. They set an “overweight” rating and a $55.00 price target on the stock. Bank of America increased their price objective on shares of Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. KeyCorp lifted their price objective on Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Morgan Stanley lifted their price objective on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Barclays upped their target price on shares of Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

Oddity Tech Stock Performance

The company has a market capitalization of $2.51 billion, a PE ratio of 27.45, a P/E/G ratio of 1.48 and a beta of 4.20. The firm has a fifty day simple moving average of $44.64 and a 200-day simple moving average of $43.19.

Institutional Investors Weigh In On Oddity Tech

A number of institutional investors have recently made changes to their positions in ODD. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Oddity Tech in the 4th quarter valued at about $42,000. R Squared Ltd bought a new position in shares of Oddity Tech during the fourth quarter worth about $61,000. Wilmington Savings Fund Society FSB bought a new stake in Oddity Tech in the 3rd quarter valued at about $99,000. Quarry LP acquired a new position in Oddity Tech during the 3rd quarter valued at about $122,000. Finally, Wells Fargo & Company MN increased its stake in shares of Oddity Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock valued at $126,000 after purchasing an additional 449 shares during the period. 35.88% of the stock is currently owned by 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.