Oddity Tech (NASDAQ:ODD) Price Target Raised to $46.00 at Barclays

Oddity Tech (NASDAQ:ODD) had its price objective lifted by Barclays from $42.00 to $46.00 in a research report sent to investors on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities research analysts have also commented on ODD. JPMorgan Chase & Co. began coverage on shares of 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 upped their target price on Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday. KeyCorp increased their price objective on Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Morgan Stanley raised their price objective on shares of 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, The Goldman Sachs Group began coverage on Oddity Tech in a research report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price objective for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Oddity Tech presently has a consensus rating of “Moderate Buy” and an average price target of $54.44.

Oddity Tech Stock Down 0.5 %

Shares of Oddity Tech stock opened at $45.11 on Thursday. Oddity Tech has a 52 week low of $30.34 and a 52 week high of $51.00. The firm’s 50 day moving average is $44.16 and its two-hundred day moving average is $41.89. The firm has a market capitalization of $2.57 billion, a P/E ratio of 27.51, a P/E/G ratio of 1.48 and a beta of 4.34.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. PharVision Advisers LLC purchased a new stake in shares of Oddity Tech in the 4th quarter valued at approximately $299,000. Ashford Capital Management Inc. grew its position in Oddity Tech by 3.2% in the 4th quarter. Ashford Capital Management Inc. now owns 719,758 shares of the company’s stock worth $30,244,000 after purchasing an additional 22,098 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Oddity Tech by 10.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,535 shares of the company’s stock worth $2,754,000 after buying an additional 6,431 shares in the last quarter. Woodline Partners LP acquired a new stake in Oddity Tech in the 4th quarter valued at $5,460,000. Finally, Sphera Management Technology Funds Ltd bought a new stake in Oddity Tech during the fourth quarter worth about $1,891,000. Institutional investors and hedge funds 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.