Oddity Tech (NASDAQ:ODD) Issues Quarterly Earnings Results

Oddity Tech (NASDAQ:ODD) issued its quarterly earnings data on Tuesday. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07), Zacks reports. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%.

Oddity Tech Trading Up 5.5 %

Oddity Tech stock traded up $2.36 during midday trading on Tuesday, hitting $45.52. The stock had a trading volume of 1,662,849 shares, compared to its average volume of 434,560. The business has a fifty day moving average price of $44.25 and a 200 day moving average price of $41.79. Oddity Tech has a 12 month low of $30.34 and a 12 month high of $51.00. The stock has a market cap of $2.59 billion, a P/E ratio of 27.76, a P/E/G ratio of 1.48 and a beta of 4.34.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ODD shares. Barclays boosted their price target on Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. KeyCorp upped their target price on shares of Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group assumed coverage on shares of Oddity Tech in a research note on Friday, December 13th. They set a “neutral” rating and a $48.00 price target on the stock. Morgan Stanley lifted their target price on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. initiated coverage on Oddity Tech in a report on Friday, January 31st. They issued an “overweight” rating and a $55.00 price target for the company. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.11.

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.