Oddity Tech Ltd. (NASDAQ:ODD - Get Free Report) fell 2.6% on Thursday . The company traded as low as $43.27 and last traded at $43.51. 145,535 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 644,259 shares. The stock had previously closed at $44.67.
A number of research firms have issued reports on ODD. The Goldman Sachs Group began coverage on shares of Oddity Tech in a report on Friday, December 13th. They set a "neutral" rating and a $48.00 target price on the stock. Barclays increased their price objective on Oddity Tech from $39.00 to $42.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Finally, Morgan Stanley boosted their target price on Oddity Tech from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Oddity Tech currently has an average rating of "Moderate Buy" and an average target price of $53.00.
Get Our Latest Stock Report on Oddity Tech
The business's 50 day simple moving average is $43.75 and its 200 day simple moving average is $40.66. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.49 and a beta of 4.46.
Oddity Tech (NASDAQ:ODD - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.10. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The business had revenue of $119.00 million for the quarter, compared to analyst estimates of $116.47 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company's revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, analysts expect that Oddity Tech Ltd. will post 1.64 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in ODD. Wilmington Savings Fund Society FSB acquired a new position in shares of Oddity Tech during the 3rd quarter worth $99,000. nVerses Capital LLC acquired a new position in Oddity Tech during the second quarter worth about $102,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of Oddity Tech in the second quarter valued at about $102,000. Federated Hermes Inc. acquired a new stake in shares of Oddity Tech in the second quarter valued at approximately $113,000. Finally, Quarry LP purchased a new position in shares of Oddity Tech during the 3rd quarter worth approximately $122,000. Hedge funds and other institutional investors own 35.88% of the company's stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Oddity Tech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oddity Tech wasn't on the list.
While Oddity Tech currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.