Bamco Inc. NY Raises Stake in Oddity Tech Ltd. (NASDAQ:ODD)

Bamco Inc. NY raised its holdings in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,429,198 shares of the company's stock after acquiring an additional 183,152 shares during the period. Bamco Inc. NY owned about 2.51% of Oddity Tech worth $60,055,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Mark Sheptoff Financial Planning LLC bought a new position in Oddity Tech during the 4th quarter worth approximately $42,000. R Squared Ltd acquired a new position in Oddity Tech in the fourth quarter valued at $61,000. Wilmington Savings Fund Society FSB bought a new stake in Oddity Tech during the third quarter valued at $99,000. Wells Fargo & Company MN grew its holdings in Oddity Tech by 17.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after acquiring an additional 449 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Oddity Tech in the 4th quarter worth about $246,000. Institutional investors and hedge funds own 35.88% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ODD shares. The Goldman Sachs Group raised their target price on Oddity Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Barclays lifted their price objective on shares of Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Bank of America raised their price target on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on shares of Oddity Tech from $56.00 to $50.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, KeyCorp decreased their target price on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Oddity Tech has an average rating of "Moderate Buy" and an average price target of $54.63.

Oddity Tech Price Performance

Shares of NASDAQ ODD traded up $1.54 during trading on Tuesday, hitting $65.67. The stock had a trading volume of 1,269,432 shares, compared to its average volume of 551,138. The firm has a fifty day moving average of $45.35 and a two-hundred day moving average of $44.47. Oddity Tech Ltd. has a 12 month low of $30.34 and a 12 month high of $67.23. The company has a market capitalization of $3.67 billion, a PE ratio of 40.04, a PEG ratio of 1.48 and a beta of 3.44.

Oddity Tech (NASDAQ:ODD - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.63 by $0.06. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The firm had revenue of $268.08 million during the quarter, compared to analyst estimates of $260.71 million. During the same quarter last year, the business posted $0.61 EPS. The company's revenue for the quarter was up 26.7% on a year-over-year basis. On average, equities analysts expect that Oddity Tech Ltd. will post 1.62 earnings per share for the current fiscal year.

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.