Sphera Management Technology Funds Ltd bought a new position in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 45,000 shares of the company's stock, valued at approximately $1,891,000. Oddity Tech accounts for about 1.1% of Sphera Management Technology Funds Ltd's holdings, making the stock its 21st largest holding. Sphera Management Technology Funds Ltd owned 0.08% of Oddity Tech as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Granahan Investment Management LLC boosted its holdings in Oddity Tech by 15.9% in the 4th quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company's stock valued at $64,635,000 after purchasing an additional 211,485 shares during the period. Bamco Inc. NY lifted its holdings in shares of 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 period. Capital International Investors lifted its holdings in shares of Oddity Tech by 29.5% during the 4th quarter. Capital International Investors now owns 1,365,744 shares of the company's stock worth $57,389,000 after acquiring an additional 311,401 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Oddity Tech by 0.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,283,074 shares of the company's stock worth $53,915,000 after acquiring an additional 11,716 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of Oddity Tech by 71.9% during the 4th quarter. Janus Henderson Group PLC now owns 846,281 shares of the company's stock worth $35,539,000 after acquiring an additional 354,083 shares during the period. Institutional investors own 35.88% of the company's stock.
Oddity Tech Trading Up 0.5%
NASDAQ:ODD traded up $0.30 on Wednesday, hitting $64.81. The company had a trading volume of 1,077,916 shares, compared to its average volume of 554,078. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 1.48 and a beta of 3.44. The firm has a 50 day moving average of $49.77 and a two-hundred day moving average of $46.43. 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 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 business had revenue of $268.08 million during the quarter, compared to the consensus estimate of $260.71 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The firm's revenue was up 26.7% compared to the same quarter last year. As a group, equities analysts forecast that Oddity Tech Ltd. will post 1.62 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on ODD shares. JPMorgan Chase & Co. cut their price target on shares of Oddity Tech from $56.00 to $50.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. JMP Securities reaffirmed a "market outperform" rating and set a $66.00 price target on shares of Oddity Tech in a report on Tuesday, April 22nd. 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 report on Wednesday, April 16th. Barclays upped their price target on shares of Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Finally, The Goldman Sachs Group increased their price objective on shares of Oddity Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.63.
Check Out Our Latest Report on Oddity Tech
Oddity Tech Company Profile
(
Free Report)
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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