Oddity Tech (NASDAQ:ODD) Trading Up 1.9%

Oddity Tech Ltd. (NASDAQ:ODD)’s share price shot up 1.9% on Tuesday . The company traded as high as $33.51 and last traded at $33.51. 112,471 shares changed hands during trading, a decline of 87% from the average session volume of 854,336 shares. The stock had previously closed at $32.90.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ODD shares. Morgan Stanley increased their price target on shares of Oddity Tech from $35.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Barclays decreased their target price on shares of Oddity Tech from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday. Evercore ISI assumed coverage on shares of Oddity Tech in a research note on Thursday, April 4th. They set an “outperform” rating and a $57.00 target price for the company. Bank of America raised their target price on shares of Oddity Tech from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $66.00 target price on shares of Oddity Tech in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $53.63.

Oddity Tech Stock Up 3.9 %

The company’s fifty day moving average is $41.85 and its 200-day moving average is $38.42. The company has a market cap of $1.94 billion and a PE ratio of 32.25.

Oddity Tech (NASDAQ:ODD) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $97.25 million for the quarter, compared to analysts’ expectations of $86.38 million. Oddity Tech had a net margin of 11.51% and a return on equity of 26.22%. Equities research analysts expect that Oddity Tech Ltd. will post 1.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC boosted its stake in shares of 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 acquiring an additional 244 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Oddity Tech during the 3rd quarter valued at $33,000. Public Employees Retirement Association of Colorado bought a new stake in shares of Oddity Tech during the 4th quarter valued at $42,000. TFC Financial Management Inc. bought a new stake in shares of Oddity Tech during the 3rd quarter valued at $51,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Oddity Tech during the 3rd quarter valued at $163,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

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.