Lazard Asset Management LLC Makes New $408,000 Investment in Oddity Tech Ltd. (NASDAQ:ODD)

Lazard Asset Management LLC bought a new stake in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,726 shares of the company's stock, valued at approximately $408,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its position in shares of Oddity Tech by 1.1% during the fourth quarter. D.A. Davidson & CO. now owns 25,838 shares of the company's stock worth $1,086,000 after buying an additional 273 shares during the period. Wells Fargo & Company MN lifted 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 acquiring an additional 449 shares in the last quarter. American Century Companies Inc. boosted its holdings in Oddity Tech by 5.1% during the 4th 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 period. Geode Capital Management LLC grew its position in Oddity Tech by 1.3% in the 4th 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. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in Oddity Tech during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 35.88% of the company's stock.

Oddity Tech Stock Performance

Shares of NASDAQ:ODD traded up $0.60 on Wednesday, hitting $72.53. 188,390 shares of the company's stock were exchanged, compared to its average volume of 559,257. Oddity Tech Ltd. has a 1-year low of $32.71 and a 1-year high of $73.65. The company has a market capitalization of $4.05 billion, a PE ratio of 44.32, a P/E/G ratio of 1.48 and a beta of 3.44. The firm's 50-day moving average is $51.81 and its 200 day moving average is $47.21.

Oddity Tech (NASDAQ:ODD - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $260.71 million. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The firm's revenue was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. On average, analysts anticipate that Oddity Tech Ltd. will post 1.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ODD shares. KeyCorp lowered their price objective on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Truist Financial boosted their price target on shares of Oddity Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Barclays lifted 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. JMP Securities restated a "market outperform" rating and set a $66.00 price target on shares of Oddity Tech in a report on Tuesday, April 22nd. Finally, Bank of America boosted their price objective on Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Oddity Tech has an average rating of "Moderate Buy" and an average 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.