Oddity Tech Ltd. (NASDAQ:ODD) Stock Holdings Lifted by State Street Corp

State Street Corp lifted its position in Oddity Tech Ltd. (NASDAQ:ODD) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 236,199 shares of the company’s stock after acquiring an additional 12,700 shares during the quarter. State Street Corp’s holdings in Oddity Tech were worth $9,538,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ODD. Massachusetts Financial Services Co. MA lifted its position in shares of Oddity Tech by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,273,469 shares of the company’s stock worth $49,996,000 after purchasing an additional 5,417 shares in the last quarter. Bamco Inc. NY increased its stake in Oddity Tech by 0.8% in the 3rd quarter. Bamco Inc. NY now owns 1,246,046 shares of the company’s stock valued at $50,315,000 after buying an additional 9,665 shares during the period. Y.D. More Investments Ltd increased its stake in Oddity Tech by 8.6% in the 2nd quarter. Y.D. More Investments Ltd now owns 596,940 shares of the company’s stock valued at $23,436,000 after buying an additional 47,390 shares during the period. Hood River Capital Management LLC purchased a new stake in Oddity Tech in the 2nd quarter worth approximately $23,397,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Oddity Tech by 11.1% during the 3rd quarter. Janus Henderson Group PLC now owns 492,198 shares of the company’s stock valued at $19,877,000 after buying an additional 49,101 shares during the period. Institutional investors and hedge funds own 35.88% of the company’s stock.

Oddity Tech Stock Down 2.7 %

Shares of ODD stock opened at $43.48 on Friday. Oddity Tech Ltd. has a 12-month low of $30.34 and a 12-month high of $51.00. The firm has a 50-day moving average price of $43.81 and a 200 day moving average price of $40.68. The company has a market capitalization of $2.47 billion, a P/E ratio of 26.51, a P/E/G ratio of 1.49 and a beta of 4.46.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ODD shares. Barclays upped their price target on shares of Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. The Goldman Sachs Group assumed coverage on Oddity Tech in a research note on Friday, December 13th. They set a “neutral” rating and a $48.00 price target for the company. Finally, Morgan Stanley lifted their price target on Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oddity Tech currently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

Oddity Tech Company 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.