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

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $53.00.

Several analysts recently issued reports on the stock. KeyCorp upped their price objective on shares of Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Morgan Stanley increased their price target on shares of Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group initiated coverage on Oddity Tech in a report on Friday, December 13th. They set a “neutral” rating and a $48.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Oddity Tech in a research note on Friday, January 31st. They set an “overweight” rating and a $55.00 target price for the company. Finally, Bank of America increased their price objective on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th.

Oddity Tech Stock Performance

Shares of ODD opened at $45.92 on Wednesday. Oddity Tech has a one year low of $30.34 and a one year high of $51.00. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 1.48 and a beta of 4.20. The stock has a 50 day moving average price of $44.57 and a 200 day moving average price of $42.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ODD. GSA Capital Partners LLP grew its stake in shares of Oddity Tech by 267.9% during the third quarter. GSA Capital Partners LLP now owns 30,649 shares of the company’s stock worth $1,238,000 after purchasing an additional 22,319 shares in the last quarter. Aurora Investment Counsel acquired a new position in Oddity Tech in the third quarter valued at approximately $2,056,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Oddity Tech by 4.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,104 shares of the company’s stock valued at $2,387,000 after acquiring an additional 2,665 shares in the last quarter. Verition Fund Management LLC boosted its position in shares of Oddity Tech by 7.2% in the 3rd quarter. Verition Fund Management LLC now owns 35,248 shares of the company’s stock valued at $1,423,000 after purchasing an additional 2,368 shares during the period. Finally, PDT Partners LLC boosted its position in shares of Oddity Tech by 39.2% in the 3rd quarter. PDT Partners LLC now owns 91,610 shares of the company’s stock valued at $3,699,000 after purchasing an additional 25,789 shares during the period. 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.