Oppenheimer & Co. Inc. Sells 442 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Oppenheimer & Co. Inc. lowered its position in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,864 shares of the company’s stock after selling 442 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Oddity Tech were worth $439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors acquired a new position in Oddity Tech in the first quarter valued at approximately $45,811,000. Hood River Capital Management LLC bought a new position in shares of Oddity Tech in the 2nd quarter worth $23,397,000. Bamco Inc. NY grew its stake in shares of Oddity Tech by 40.4% during the first quarter. Bamco Inc. NY now owns 1,063,183 shares of the company’s stock worth $46,195,000 after purchasing an additional 305,767 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Oddity Tech by 491.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 295,764 shares of the company’s stock worth $11,612,000 after purchasing an additional 245,764 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Oddity Tech in the second quarter valued at about $6,744,000. Institutional investors own 35.88% of the company’s stock.

Oddity Tech Stock Up 7.0 %

ODD opened at $43.12 on Friday. The stock has a market cap of $2.45 billion, a P/E ratio of 26.29, a P/E/G ratio of 1.22 and a beta of 4.40. Oddity Tech Ltd. has a 12 month low of $30.34 and a 12 month high of $50.36. The company has a fifty day simple moving average of $39.83 and a 200 day simple moving average of $39.18.

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

Wall Street Analysts Forecast Growth

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

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.