Cubist Systematic Strategies LLC Sells 3,804 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Cubist Systematic Strategies LLC reduced its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,841 shares of the company's stock after selling 3,804 shares during the period. Cubist Systematic Strategies LLC owned about 0.10% of Oddity Tech worth $2,388,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ODD. D.A. Davidson & CO. boosted its stake in 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 buying an additional 273 shares in the last quarter. Wells Fargo & Company MN grew its stake in Oddity Tech by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after buying an additional 449 shares during the last quarter. American Century Companies Inc. grew its stake in Oddity Tech by 5.1% during the fourth quarter. American Century Companies Inc. now owns 12,334 shares of the company's stock worth $518,000 after buying an additional 593 shares during the last quarter. Geode Capital Management LLC grew its stake in 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 buying an additional 815 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC bought a new stake in Oddity Tech during the fourth quarter worth about $42,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Oddity Tech Price Performance

ODD stock opened at $71.00 on Monday. The company has a 50 day moving average price of $46.70 and a 200 day moving average price of $45.12. Oddity Tech Ltd. has a fifty-two week low of $32.71 and a fifty-two week high of $72.30. The stock has a market capitalization of $3.96 billion, a PE ratio of 43.29, a price-to-earnings-growth ratio of 1.48 and a beta of 3.44.

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

Analyst Ratings Changes

Several analysts have weighed in on the stock. JPMorgan Chase & Co. decreased 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 note on Tuesday, April 22nd. Bank of America raised their target price on Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Barclays raised their target price on Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. JMP Securities restated a "market outperform" rating and issued a $66.00 target price on shares of Oddity Tech in a research note on Tuesday, April 22nd. Finally, Truist Financial raised their target price on Oddity Tech from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $54.63.

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.

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