Acadian Asset Management LLC Acquires 98,453 Shares of 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 ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) by 267.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 135,210 shares of the company's stock after buying an additional 98,453 shares during the quarter. Acadian Asset Management LLC owned 0.24% of ODDITY Tech worth $5,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sheets Smith Wealth Management grew its holdings in ODDITY Tech by 1.5% in the 1st quarter. Sheets Smith Wealth Management now owns 20,792 shares of the company's stock valued at $899,000 after buying an additional 315 shares during the last quarter. California State Teachers Retirement System grew its holdings in ODDITY Tech by 1.7% in the 4th quarter. California State Teachers Retirement System now owns 31,401 shares of the company's stock valued at $1,319,000 after buying an additional 511 shares during the last quarter. Deutsche Bank AG grew its holdings in ODDITY Tech by 65.0% in the 1st quarter. Deutsche Bank AG now owns 1,340 shares of the company's stock valued at $58,000 after buying an additional 528 shares during the last quarter. Blue Trust Inc. grew its holdings in ODDITY Tech by 15.4% in the 1st quarter. Blue Trust Inc. now owns 7,573 shares of the company's stock valued at $328,000 after buying an additional 1,008 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in ODDITY Tech by 2.3% in the 4th quarter. Two Sigma Investments LP now owns 125,366 shares of the company's stock valued at $5,268,000 after buying an additional 2,812 shares during the last quarter. Institutional investors and hedge funds own 35.88% of the company's stock.

ODDITY Tech Price Performance

ODD stock traded up $0.27 during trading on Thursday, hitting $62.72. The company had a trading volume of 429,974 shares, compared to its average volume of 375,399. The company has a fifty day moving average price of $64.13 and a two-hundred day moving average price of $60.23. The company has a current ratio of 6.32, a quick ratio of 5.57 and a debt-to-equity ratio of 1.66. The company has a market cap of $3.50 billion, a P/E ratio of 34.84, a P/E/G ratio of 2.97 and a beta of 3.25. ODDITY Tech Ltd. has a fifty-two week low of $34.97 and a fifty-two week high of $79.18.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Barclays raised their price objective on ODDITY Tech from $60.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Truist Financial raised their price objective on ODDITY Tech from $65.00 to $78.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. raised their price objective on ODDITY Tech from $63.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 3rd. KeyCorp raised their price objective on ODDITY Tech from $65.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Finally, Bank of America raised their price objective on ODDITY Tech from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.56.

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.