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

ODDITY Tech logo with Computer and Technology background

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.

Check Out Our Latest Stock Analysis on ODDITY Tech

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

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for ODDITY Tech (NASDAQ:ODD)

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