Calamos Advisors LLC Purchases New Position in ODDITY Tech Ltd. (NASDAQ:ODD)

Calamos Advisors LLC purchased a new stake in ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 26,869 shares of the company's stock, valued at approximately $1,162,000.

A number of other large investors have also recently added to or reduced their stakes in ODD. Janney Montgomery Scott LLC acquired a new stake in shares of ODDITY Tech during the 1st quarter worth about $400,000. Woodline Partners LP acquired a new stake in shares of ODDITY Tech during the 4th quarter worth about $5,460,000. Penn Capital Management Company LLC acquired a new stake in shares of ODDITY Tech during the 4th quarter worth about $8,690,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of ODDITY Tech during the 4th quarter worth about $329,000. Finally, Wells Fargo & Company MN lifted its stake in shares of ODDITY Tech by 17.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after buying an additional 449 shares during the last quarter. Institutional investors and hedge funds own 35.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ODD. Truist Financial raised their target price on shares of ODDITY Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. The Goldman Sachs Group lifted their price objective on shares of ODDITY Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Bank of America lifted their price objective on shares of ODDITY Tech from $68.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. KeyCorp dropped their price objective on shares of ODDITY Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $66.00 price objective on shares of ODDITY Tech in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $61.75.

ODDITY Tech Trading Down 3.4%

ODD stock traded down $2.58 during mid-day trading on Thursday, hitting $73.19. The stock had a trading volume of 511,730 shares, compared to its average volume of 804,033. ODDITY Tech Ltd. has a 52 week low of $32.71 and a 52 week high of $79.18. The firm has a market capitalization of $4.09 billion, a P/E ratio of 42.06, a P/E/G ratio of 3.45 and a beta of 3.30. The firm has a fifty day simple moving average of $70.73 and a 200 day simple moving average of $53.18.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.63 by $0.06. ODDITY Tech had a net margin of 15.12% and a return on equity of 30.67%. The firm had revenue of $268.08 million for the quarter, compared to analyst estimates of $260.71 million. During the same period last year, the firm earned $0.61 EPS. The business's quarterly revenue was up 26.7% compared to the same quarter last year. As a group, equities analysts expect that ODDITY Tech Ltd. will post 1.62 earnings per share for the current fiscal year.

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.