Amundi Buys Shares of 119,295 ODDITY Tech Ltd. $ODD

Key Points

• Amundi has acquired a new stake in ODDITY Tech Ltd., purchasing 119,295 shares valued at approximately $4.9 million, representing about 0.21% of the company's equity.
• ODDITY Tech reported earnings per share of $0.92, exceeding market expectations, and a revenue of $241.14 million, reflecting a year-over-year increase of 25.1%.
• Analysts have increased their price targets for ODDITY Tech, with some projecting a target as high as $90, indicating strong market confidence in the company's growth prospects.

Amundi bought a new stake in shares of ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 119,295 shares of the company's stock, valued at approximately $4,926,000. Amundi owned 0.21% of ODDITY Tech as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sheets Smith Wealth Management boosted its position in ODDITY Tech by 1.5% during the 1st quarter. Sheets Smith Wealth Management now owns 20,792 shares of the company's stock worth $899,000 after acquiring an additional 315 shares during the period. California State Teachers Retirement System lifted 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 acquiring an additional 511 shares during the last quarter. Deutsche Bank AG boosted its position in shares of ODDITY Tech by 65.0% during the 1st quarter. Deutsche Bank AG now owns 1,340 shares of the company's stock valued at $58,000 after purchasing an additional 528 shares in the last quarter. Blue Trust Inc. boosted its position in shares of ODDITY Tech by 15.4% during the 1st quarter. Blue Trust Inc. now owns 7,573 shares of the company's stock valued at $328,000 after purchasing an additional 1,008 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of ODDITY Tech by 2.3% in the 4th quarter. Two Sigma Investments LP now owns 125,366 shares of the company's stock worth $5,268,000 after purchasing an additional 2,812 shares during the last quarter. Institutional investors and hedge funds own 35.88% of the company's stock.

ODDITY Tech Stock Down 2.4%

ODDITY Tech stock traded down $1.55 during mid-day trading on Tuesday, hitting $62.12. The company's stock had a trading volume of 423,329 shares, compared to its average volume of 405,386. ODDITY Tech Ltd. has a 52-week low of $34.63 and a 52-week high of $79.18. The company has a market cap of $3.47 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 3.03 and a beta of 3.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.32 and a quick ratio of 5.57. The firm's 50 day moving average is $64.61 and its 200 day moving average is $60.10.

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

Wall Street Analyst Weigh In

Several analysts recently commented on ODD shares. Needham & Company LLC initiated coverage on shares of ODDITY Tech in a research note on Thursday, August 28th. They set a "buy" rating and a $72.00 target price for the company. Morgan Stanley increased their price objective on ODDITY Tech from $56.00 to $61.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. 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 note on Tuesday, July 15th. KeyCorp boosted their target price 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 upped their target price on ODDITY Tech from $68.00 to $80.00 and gave the company a "buy" rating in a report on Friday, June 27th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, ODDITY Tech has a consensus rating of "Moderate Buy" and a consensus price target of $74.56.

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.