Oddity Tech Ltd. (NASDAQ:ODD – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $52.83.
Separately, Barclays reduced their price objective on shares of Oddity Tech from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th.
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Institutional Investors Weigh In On Oddity Tech
Oddity Tech Price Performance
Oddity Tech stock opened at $40.92 on Friday. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 1.38 and a beta of 4.49. The firm has a 50 day simple moving average of $37.91 and a 200-day simple moving average of $38.10. Oddity Tech has a 1-year low of $24.12 and a 1-year high of $50.36.
Oddity Tech (NASDAQ:ODD – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.24. Oddity Tech had a return on equity of 26.66% and a net margin of 14.66%. The company had revenue of $192.77 million during the quarter, compared to analysts’ expectations of $188.49 million. During the same quarter last year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 27.4% compared to the same quarter last year. Equities analysts expect that Oddity Tech will post 1.46 earnings per share for the current fiscal year.
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.
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