Oddity Tech (NASDAQ:ODD) Shares Up 4.2% – What’s Next?

Oddity Tech Ltd. (NASDAQ:ODD)’s share price rose 4.2% on Monday . The stock 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 analysts have recently commented on the company. JPMorgan Chase & Co. began coverage on Oddity Tech in a research note on Friday, January 31st. They issued an “overweight” rating and a $55.00 price target on the stock. KeyCorp lifted their price target on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Barclays boosted their target price on Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Morgan Stanley lifted their price target on shares of Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group initiated coverage on Oddity Tech in a research note on Friday, December 13th. They set a “neutral” rating and a $48.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Oddity Tech has a consensus rating of “Moderate Buy” and an average price target of $53.00.

Oddity Tech Trading Up 0.4 %

The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 1.48 and a beta of 4.20. The firm’s 50 day simple moving average is $44.67 and its 200-day simple moving average is $43.07.

Institutional Investors Weigh In On Oddity Tech

A number of hedge funds have recently added to or reduced their stakes in the company. Granahan Investment Management LLC grew its holdings in Oddity Tech by 15.9% during the fourth quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company’s stock worth $64,635,000 after acquiring an additional 211,485 shares during the period. Bamco Inc. NY increased its holdings in Oddity Tech by 14.7% during the 4th quarter. Bamco Inc. NY now owns 1,429,198 shares of the company’s stock valued at $60,055,000 after acquiring an additional 183,152 shares in the last quarter. Capital International Investors raised its position in shares of Oddity Tech by 29.5% during the 4th quarter. Capital International Investors now owns 1,365,744 shares of the company’s stock worth $57,389,000 after purchasing an additional 311,401 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Oddity Tech by 0.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,283,074 shares of the company’s stock valued at $53,915,000 after acquiring an additional 11,716 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Oddity Tech by 71.9% during the 4th quarter. Janus Henderson Group PLC now owns 846,281 shares of the company’s stock worth $35,539,000 after purchasing an additional 354,083 shares during the last quarter. Institutional investors and hedge funds own 35.88% of the company’s stock.

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.