Oddity Tech Ltd. (NASDAQ:ODD – Get Free Report) was down 5.5% during trading on Thursday . The company traded as low as $38.17 and last traded at $38.45. Approximately 289,892 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 801,145 shares. The stock had previously closed at $40.70.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Barclays lowered their price target on Oddity Tech from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Truist Financial reaffirmed a “buy” rating and issued a $58.00 target price on shares of Oddity Tech in a report on Friday, June 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.50.
Oddity Tech Stock Down 5.2 %
The business has a fifty day simple moving average of $39.96 and a two-hundred day simple moving average of $39.92. The company has a market cap of $2.20 billion and a P/E ratio of 31.94.
Oddity Tech (NASDAQ:ODD – Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.12. The firm had revenue of $211.63 million for the quarter, compared to analysts’ expectations of $205.55 million. Oddity Tech had a net margin of 12.97% and a return on equity of 26.10%. On average, equities analysts predict that Oddity Tech Ltd. will post 1.34 EPS for the current fiscal year.
Hedge Funds Weigh In On Oddity Tech
A number of institutional investors have recently bought and sold shares of ODD. Y.D. More Investments Ltd lifted its position in shares of Oddity Tech by 10.8% during the 4th quarter. Y.D. More Investments Ltd now owns 399,550 shares of the company’s stock valued at $18,591,000 after buying an additional 39,000 shares in the last quarter. Swiss National Bank purchased a new position in Oddity Tech during the fourth quarter valued at approximately $1,456,000. M&T Bank Corp bought a new position in shares of Oddity Tech in the fourth quarter worth approximately $203,000. Sheets Smith Wealth Management purchased a new stake in shares of Oddity Tech in the fourth quarter worth $1,035,000. Finally, Lisanti Capital Growth LLC bought a new stake in shares of Oddity Tech during the 4th quarter valued at $2,753,000. 35.88% of the stock is owned by institutional investors.
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.