Banque Cantonale Vaudoise Has $660,000 Stock Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Banque Cantonale Vaudoise trimmed its stake in Oddity Tech Ltd. (NASDAQ:ODD) by 47.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,337 shares of the company’s stock after selling 14,496 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Oddity Tech were worth $660,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its holdings in Oddity Tech by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,273,469 shares of the company’s stock worth $49,996,000 after buying an additional 5,417 shares during the last quarter. Bamco Inc. NY boosted its stake in shares of Oddity Tech by 40.4% in the 1st quarter. Bamco Inc. NY now owns 1,063,183 shares of the company’s stock valued at $46,195,000 after purchasing an additional 305,767 shares in the last quarter. Capital International Investors bought a new position in Oddity Tech during the 1st quarter worth approximately $45,811,000. Ashford Capital Management Inc. increased its stake in shares of Oddity Tech by 1.8% in the first quarter. Ashford Capital Management Inc. now owns 733,480 shares of the company’s stock worth $31,870,000 after buying an additional 13,220 shares during the period. Finally, Y.D. More Investments Ltd increased its holdings in Oddity Tech by 8.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 596,940 shares of the company’s stock valued at $23,436,000 after purchasing an additional 47,390 shares during the period. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Oddity Tech Stock Up 7.0 %

Shares of ODD opened at $43.12 on Friday. The company has a market capitalization of $2.45 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 1.22 and a beta of 4.40. Oddity Tech Ltd. has a twelve month low of $30.34 and a twelve month high of $50.36. The firm has a 50 day moving average of $39.83 and a 200 day moving average of $39.18.

Oddity Tech (NASDAQ:ODD) last posted its earnings results on Wednesday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.10. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The business had revenue of $119.00 million for the quarter, compared to analysts’ expectations of $116.47 million. During the same quarter in the prior year, the business earned $0.06 EPS. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, sell-side analysts expect that Oddity Tech Ltd. will post 1.64 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Barclays boosted their price target on shares of Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $53.33.

Oddity Tech Profile

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.