Eagle Global Advisors LLC Sells 8,000 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Eagle Global Advisors LLC lessened its stake in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 23.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,000 shares of the company's stock after selling 8,000 shares during the period. Eagle Global Advisors LLC's holdings in Oddity Tech were worth $1,093,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Capital International Investors grew its stake in shares of Oddity Tech by 29.5% during the fourth quarter. Capital International Investors now owns 1,365,744 shares of the company's stock worth $57,389,000 after purchasing an additional 311,401 shares during the period. Norges Bank acquired a new position in shares of Oddity Tech during the 4th quarter worth about $9,470,000. Penn Capital Management Company LLC bought a new stake in shares of Oddity Tech in the 4th quarter valued at about $8,690,000. Bamco Inc. NY boosted its stake in Oddity Tech by 14.7% during the 4th quarter. Bamco Inc. NY now owns 1,429,198 shares of the company's stock worth $60,055,000 after acquiring an additional 183,152 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in Oddity Tech by 640.4% in the fourth quarter. Lord Abbett & CO. LLC now owns 186,413 shares of the company's stock valued at $7,833,000 after purchasing an additional 161,237 shares in the last quarter. Institutional investors and hedge funds own 35.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ODD shares. KeyCorp reduced their price target on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. The Goldman Sachs Group increased their price target on Oddity Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Barclays boosted their price objective on Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Bank of America upped their price target on shares of Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $66.00 price objective on shares of Oddity Tech in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.63.

Oddity Tech Price Performance

Oddity Tech stock opened at $67.25 on Thursday. The firm has a 50-day moving average of $45.74 and a 200-day moving average of $44.63. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 41.00, a P/E/G ratio of 1.48 and a beta of 3.44. Oddity Tech Ltd. has a one year low of $32.71 and a one year high of $68.78.

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

Oddity Tech 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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