Acuitas Investments LLC Takes Position in ODDITY Tech Ltd. (NASDAQ:ODD)

Acuitas Investments LLC purchased a new stake in shares of ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,400 shares of the company's stock, valued at approximately $839,000.

A number of other hedge funds have also recently made changes to their positions in ODD. Mark Sheptoff Financial Planning LLC bought a new position in shares of ODDITY Tech during the fourth quarter worth about $42,000. Wells Fargo & Company MN raised its position in shares of ODDITY Tech by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after acquiring an additional 449 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of ODDITY Tech during the fourth quarter worth about $246,000. Knuff & Co LLC raised its position in shares of ODDITY Tech by 32.8% during the fourth quarter. Knuff & Co LLC now owns 6,824 shares of the company's stock worth $287,000 after acquiring an additional 1,686 shares during the last quarter. Finally, PharVision Advisers LLC bought a new position in shares of ODDITY Tech during the fourth quarter worth about $299,000. 35.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ODD has been the subject of a number of analyst reports. 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 lowered their price objective on ODDITY Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. The Goldman Sachs Group raised their price objective on ODDITY Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. 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. Finally, Truist Financial lifted their target price on ODDITY Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.75.

ODDITY Tech Trading Down 0.5%

ODD stock traded down $0.36 during mid-day trading on Friday, reaching $74.75. The company's stock had a trading volume of 323,395 shares, compared to its average volume of 599,468. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 42.96, a price-to-earnings-growth ratio of 3.50 and a beta of 3.30. The business's 50 day moving average price is $68.67 and its 200 day moving average price is $52.38. ODDITY Tech Ltd. has a 12 month low of $32.71 and a 12 month high of $79.18.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last released 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. The firm had revenue of $268.08 million during the quarter, compared to the consensus estimate of $260.71 million. ODDITY Tech had a return on equity of 30.67% and a net margin of 15.12%. The company's quarterly revenue was up 26.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. As a group, equities analysts expect that ODDITY Tech Ltd. will post 1.62 EPS for the current fiscal year.

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.