BNP Paribas Financial Markets Purchases Shares of 94,139 Oddity Tech Ltd. (NASDAQ:ODD)

BNP Paribas Financial Markets acquired a new position in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 94,139 shares of the company's stock, valued at approximately $3,956,000. BNP Paribas Financial Markets owned 0.17% of Oddity Tech 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. D.A. Davidson & CO. lifted its stake in shares of Oddity Tech by 1.1% in the 4th quarter. D.A. Davidson & CO. now owns 25,838 shares of the company's stock valued at $1,086,000 after purchasing an additional 273 shares during the last quarter. Wells Fargo & Company MN boosted its position in Oddity Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock valued at $126,000 after buying an additional 449 shares in the last quarter. American Century Companies Inc. boosted its position in Oddity Tech by 5.1% in the fourth quarter. American Century Companies Inc. now owns 12,334 shares of the company's stock valued at $518,000 after buying an additional 593 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Oddity Tech by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 64,440 shares of the company's stock worth $2,708,000 after purchasing an additional 815 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in shares of Oddity Tech during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 35.88% of the company's stock.

Oddity Tech Trading Down 0.3%

Shares of ODD traded down $0.17 during mid-day trading on Monday, reaching $62.83. 493,488 shares of the stock traded hands, compared to its average volume of 569,540. Oddity Tech Ltd. has a 1 year low of $32.71 and a 1 year high of $73.00. The firm has a fifty day moving average price of $48.64 and a 200 day moving average price of $45.99. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 38.31, a price-to-earnings-growth ratio of 1.48 and a beta of 3.44.

Oddity Tech (NASDAQ:ODD - Get Free Report) last issued 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 the consensus estimate of $260.71 million. During the same period in the prior year, the firm posted $0.61 earnings per share. The company's quarterly revenue was up 26.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Oddity Tech Ltd. will post 1.62 EPS for the current year.

Analysts Set New Price Targets

ODD has been the subject of several recent analyst reports. Barclays upped their target price 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. KeyCorp cut their price target on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. 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 research report on Tuesday, April 22nd. Truist Financial raised their price target on shares of Oddity Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, JMP Securities reissued a "market outperform" rating and issued a $66.00 target price on shares of Oddity Tech in a report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $54.63.

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.