Acadian Asset Management LLC Has $5.84 Million Holdings in ODDITY Tech Ltd. $ODD

Key Points

• Acadian Asset Management LLC increased its stake in ODDITY Tech Ltd. by 267.8%, owning 135,210 shares valued at approximately $5.84 million as of its latest filing.
• Several institutional investors have also significantly increased their holdings in ODDITY Tech; for instance, Woodline Partners LP raised its position by 239.1%, owning over $19 million in shares.
• Wall Street analysts project positive growth for ODDITY Tech, with target price increases from multiple firms, leading to a consensus rating of "Moderate Buy" and an average target price of $74.56.

Acadian Asset Management LLC raised its holdings in shares of ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) by 267.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 135,210 shares of the company's stock after purchasing an additional 98,453 shares during the period. Acadian Asset Management LLC owned 0.24% of ODDITY Tech worth $5,838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ODD. Woodline Partners LP lifted its position in ODDITY Tech by 239.1% during the 1st quarter. Woodline Partners LP now owns 440,533 shares of the company's stock valued at $19,057,000 after purchasing an additional 310,602 shares during the period. Baillie Gifford & Co. raised its position in shares of ODDITY Tech by 4.8% in the 1st quarter. Baillie Gifford & Co. now owns 6,255,326 shares of the company's stock valued at $270,605,000 after acquiring an additional 285,745 shares during the period. Amundi acquired a new stake in shares of ODDITY Tech in the 1st quarter valued at approximately $4,926,000. Millennium Management LLC raised its position in shares of ODDITY Tech by 31.3% in the 4th quarter. Millennium Management LLC now owns 461,045 shares of the company's stock valued at $19,373,000 after acquiring an additional 110,020 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of ODDITY Tech in the 1st quarter valued at approximately $3,904,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays raised their target price on shares of ODDITY Tech from $60.00 to $73.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Morgan Stanley raised their target price on shares of ODDITY Tech from $56.00 to $61.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Truist Financial raised their target price on shares of ODDITY Tech from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Needham & Company LLC assumed coverage on shares of ODDITY Tech in a report on Thursday, August 28th. They set a "buy" rating and a $72.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of ODDITY Tech from $63.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, June 3rd. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $74.56.

ODDITY Tech Price Performance

Shares of ODD opened at $62.82 on Friday. The stock has a market capitalization of $3.51 billion, a P/E ratio of 34.90, a P/E/G ratio of 3.00 and a beta of 3.25. ODDITY Tech Ltd. has a twelve month low of $34.55 and a twelve month high of $79.18. The company has a 50 day moving average of $65.09 and a 200-day moving average of $59.87. The company has a quick ratio of 5.57, a current ratio of 6.32 and a debt-to-equity ratio of 1.66.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.04. The company had revenue of $241.14 million during the quarter, compared to analysts' expectations of $237.44 million. ODDITY Tech had a net margin of 14.65% and a return on equity of 32.17%. The business's quarterly revenue was up 25.1% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. ODDITY Tech has set its Q3 2025 guidance at 0.330-0.360 EPS. FY 2025 guidance at 1.990-2.040 EPS. As a group, equities research analysts forecast that ODDITY Tech Ltd. will post 1.62 EPS for the current fiscal 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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