Acuitas Investments LLC Purchases New Holdings in ODDITY Tech Ltd. (NASDAQ:ODD)

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

Other large investors also recently modified their holdings of the company. Woodline Partners LP acquired a new position in shares of ODDITY Tech in the fourth quarter valued at approximately $5,460,000. Penn Capital Management Company LLC acquired a new position in ODDITY Tech during the 4th quarter worth approximately $8,690,000. Susquehanna Fundamental Investments LLC bought a new position in shares of ODDITY Tech in the 4th quarter valued at $329,000. Wells Fargo & Company MN raised its position in ODDITY Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock valued at $126,000 after purchasing an additional 449 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in ODDITY Tech in the 1st quarter valued at approximately $662,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

ODDITY Tech Price Performance

Shares of NASDAQ:ODD traded down $0.36 during midday trading on Friday, hitting $74.75. 323,395 shares of the company's stock were exchanged, compared to its average volume of 600,685. ODDITY Tech Ltd. has a 12 month low of $32.71 and a 12 month high of $79.18. The company has a market cap of $4.17 billion, a PE ratio of 42.96, a price-to-earnings-growth ratio of 3.54 and a beta of 3.30. The stock has a 50 day moving average price of $69.28 and a 200-day moving average price of $52.60.

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, topping 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 earnings per share. On average, analysts anticipate that ODDITY Tech Ltd. will post 1.62 EPS for the current fiscal year.

Analysts Set New Price Targets

ODD has been the subject of several analyst reports. Bank of America raised their price target on shares of ODDITY Tech from $68.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, June 27th. JMP Securities reissued a "market outperform" rating and set a $66.00 target price on shares of ODDITY Tech in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price target on shares of ODDITY Tech from $63.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group lifted 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. Finally, Truist Financial boosted their price objective on ODDITY Tech from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $61.75.

About ODDITY Tech

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.