Sphera Management Technology Funds Ltd Invests $1.89 Million in Oddity Tech Ltd. (NASDAQ:ODD)

Sphera Management Technology Funds Ltd purchased a new position in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 45,000 shares of the company's stock, valued at approximately $1,891,000. Oddity Tech comprises 1.1% of Sphera Management Technology Funds Ltd's investment portfolio, making the stock its 21st largest holding. Sphera Management Technology Funds Ltd owned about 0.08% of Oddity Tech as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Granahan Investment Management LLC boosted its holdings in Oddity Tech by 15.9% in the fourth quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company's stock valued at $64,635,000 after acquiring an additional 211,485 shares during the last quarter. Bamco Inc. NY boosted its holdings in Oddity Tech by 14.7% in the fourth quarter. Bamco Inc. NY now owns 1,429,198 shares of the company's stock valued at $60,055,000 after acquiring an additional 183,152 shares during the last quarter. Capital International Investors boosted its holdings in Oddity Tech by 29.5% in the fourth quarter. Capital International Investors now owns 1,365,744 shares of the company's stock valued at $57,389,000 after acquiring an additional 311,401 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Oddity Tech by 0.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,283,074 shares of the company's stock valued at $53,915,000 after acquiring an additional 11,716 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Oddity Tech by 71.9% in the fourth quarter. Janus Henderson Group PLC now owns 846,281 shares of the company's stock valued at $35,539,000 after acquiring an additional 354,083 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on ODD shares. Barclays upped their target price on Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. KeyCorp cut their price target on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Bank of America increased their price target on Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Truist Financial increased their price target on Oddity Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $54.63.

Oddity Tech Stock Up 1.5%

NASDAQ ODD traded up $1.06 on Friday, reaching $69.65. The company had a trading volume of 909,551 shares, compared to its average volume of 557,265. The stock has a market capitalization of $3.89 billion, a P/E ratio of 42.47, a P/E/G ratio of 1.48 and a beta of 3.44. The company's fifty day moving average is $50.71 and its 200 day moving average is $46.81. Oddity Tech Ltd. has a 52-week low of $32.71 and a 52-week high of $73.00.

Oddity Tech (NASDAQ:ODD - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.06. The business had revenue of $268.08 million during 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%. Oddity Tech's quarterly revenue was up 26.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. On average, research analysts expect that Oddity Tech Ltd. will post 1.62 EPS 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.