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

Oddity Tech Ltd. (NASDAQ:ODD) shares gapped up prior to trading on Tuesday . The stock had previously closed at $43.26, but opened at $44.33. Oddity Tech shares last traded at $42.70, with a volume of 21,636 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ODD shares. KeyCorp boosted their price target on shares of Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. began coverage on shares of Oddity Tech in a report on Friday, January 31st. They issued an “overweight” rating and a $55.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of Oddity Tech in a research note on Friday, December 13th. They issued a “neutral” rating and a $48.00 price target for the company. Barclays lifted their price target on shares of Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley upped their price objective on Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Oddity Tech has a consensus rating of “Moderate Buy” and an average price target of $53.00.

Oddity Tech Stock Performance

The business’s 50 day moving average price is $44.64 and its 200-day moving average price is $43.12. The firm has a market capitalization of $2.47 billion, a PE ratio of 26.78, a P/E/G ratio of 1.48 and a beta of 4.20.

Institutional Trading of Oddity Tech

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