XTX Topco Ltd Acquires New Shares in ODDITY Tech Ltd. (NASDAQ:ODD)

Key Points

• XTX Topco Ltd acquired 13,492 shares of ODDITY Tech Ltd. in Q1, valued at approximately $584,000, marking a significant investment in the company.
• Several analysts have recently upgraded ODDITY Tech's stock, raising the price target to as high as $80.00, with a consensus rating of "Moderate Buy."
• ODDITY Tech reported a 25.1% revenue increase year-over-year with earnings of $0.92 per share, surpassing analyst expectations for the quarter.

XTX Topco Ltd acquired a new stake in ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,492 shares of the company's stock, valued at approximately $584,000.

A number of other large investors have also modified their holdings of the company. Sheets Smith Wealth Management raised its position in shares of ODDITY Tech by 1.5% during the 1st quarter. Sheets Smith Wealth Management now owns 20,792 shares of the company's stock worth $899,000 after purchasing an additional 315 shares during the last quarter. Wells Fargo & Company MN increased its stake 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 buying an additional 449 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of ODDITY Tech by 1.7% during the fourth quarter. California State Teachers Retirement System now owns 31,401 shares of the company's stock valued at $1,319,000 after acquiring an additional 511 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of ODDITY Tech by 5.1% during the fourth quarter. American Century Companies Inc. now owns 12,334 shares of the company's stock valued at $518,000 after acquiring an additional 593 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of ODDITY Tech by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 64,440 shares of the company's stock valued at $2,708,000 after acquiring an additional 815 shares in the last quarter. Institutional investors and hedge funds own 35.88% of the company's stock.

ODDITY Tech Trading Up 0.8%

NASDAQ:ODD traded up $0.48 on Friday, reaching $58.22. The company's stock had a trading volume of 1,596,098 shares, compared to its average volume of 1,366,669. The stock has a 50 day moving average price of $71.37 and a 200 day moving average price of $56.95. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 32.34, a price-to-earnings-growth ratio of 2.69 and a beta of 3.27. ODDITY Tech Ltd. has a 12-month low of $32.71 and a 12-month high of $79.18. The company has a quick ratio of 1.29, a current ratio of 6.32 and a debt-to-equity ratio of 1.66.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.04. ODDITY Tech had a return on equity of 32.17% and a net margin of 14.65%. The firm had revenue of $241.14 million for the quarter, compared to the consensus estimate of $237.44 million. During the same quarter in the previous year, the business earned $0.82 EPS. The company's quarterly revenue was up 25.1% compared to the same quarter last year. On average, equities analysts anticipate that ODDITY Tech Ltd. will post 1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Bank of America raised their price objective on ODDITY Tech from $68.00 to $80.00 and gave the company a "buy" rating in a report on Friday, June 27th. JPMorgan Chase & Co. boosted their target price on ODDITY Tech from $63.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, June 3rd. JMP Securities increased their price target on ODDITY Tech from $72.00 to $80.00 and gave the company a "market outperform" rating in a report on Tuesday. The Goldman Sachs Group lifted their price objective on ODDITY Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, KeyCorp upped their target price on ODDITY Tech from $65.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.88.

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.