KeyCorp Cuts Oddity Tech (NASDAQ:ODD) Price Target to $50.00

Oddity Tech (NASDAQ:ODD) had its price objective dropped by KeyCorp from $52.00 to $50.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 21.71% from the company’s current price.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. began coverage on shares of Oddity Tech in a research report on Friday, January 31st. They set an “overweight” rating and a $55.00 price target for the company. Bank of America increased their price objective on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Barclays boosted their target price 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.14.

Oddity Tech Stock Performance

Shares of ODD stock opened at $41.08 on Wednesday. Oddity Tech has a fifty-two week low of $30.34 and a fifty-two week high of $51.00. The firm has a market capitalization of $2.29 billion, a PE ratio of 25.05, a P/E/G ratio of 1.48 and a beta of 3.73. The stock’s 50-day simple moving average is $43.46 and its 200-day simple moving average is $43.49.

Hedge Funds Weigh In On Oddity Tech

Several institutional investors have recently made changes to their positions in ODD. Nordea Investment Management AB purchased a new stake in Oddity Tech during the fourth quarter worth $797,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Oddity Tech during the 4th quarter worth about $1,767,000. State Street Corp grew its position in shares of Oddity Tech by 5.7% during the 3rd quarter. State Street Corp now owns 236,199 shares of the company’s stock valued at $9,538,000 after acquiring an additional 12,700 shares during the period. Geode Capital Management LLC increased its stake in shares of Oddity Tech by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 63,625 shares of the company’s stock valued at $2,569,000 after purchasing an additional 750 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Oddity Tech by 33.2% in the 4th quarter. Blue Trust Inc. now owns 6,437 shares of the company’s stock valued at $260,000 after purchasing an additional 1,603 shares in the last quarter. 35.88% of the stock is owned by hedge funds and other 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.