Counterpoint Mutual Funds LLC Invests $767,000 in ODDITY Tech Ltd. $ODD

Key Points

• Counterpoint Mutual Funds LLC has invested approximately $767,000 in ODDITY Tech Ltd., acquiring 10,165 shares during the second quarter.
• The company's stock has experienced a 2.6% decline, currently trading at around $60.89, with a market capitalization of $3.40 billion.
• ODDITY Tech's latest earnings report showed a profit of $0.92 per share, exceeding expectations and marking a 25.1% increase in revenue compared to the same quarter last year.

Counterpoint Mutual Funds LLC bought a new position in shares of ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,165 shares of the company's stock, valued at approximately $767,000.

A number of other hedge funds have also recently bought and sold shares of ODD. Woodline Partners LP grew its holdings in ODDITY Tech by 239.1% during the first quarter. Woodline Partners LP now owns 440,533 shares of the company's stock worth $19,057,000 after acquiring an additional 310,602 shares during the period. Baillie Gifford & Co. grew its holdings in ODDITY Tech by 4.8% during the first quarter. Baillie Gifford & Co. now owns 6,255,326 shares of the company's stock worth $270,605,000 after acquiring an additional 285,745 shares during the period. Amundi acquired a new position in ODDITY Tech during the first quarter worth about $4,926,000. Acadian Asset Management LLC grew its holdings in ODDITY Tech by 267.8% during the first quarter. Acadian Asset Management LLC now owns 135,210 shares of the company's stock worth $5,838,000 after acquiring an additional 98,453 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in ODDITY Tech during the first quarter worth about $3,904,000. 35.88% of the stock is owned by institutional investors and hedge funds.

ODDITY Tech Stock Down 2.6%

ODD stock opened at $60.89 on Tuesday. 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 stock has a market capitalization of $3.40 billion, a P/E ratio of 33.83, a P/E/G ratio of 2.98 and a beta of 3.25. The business has a 50-day moving average of $63.75 and a 200-day moving average of $60.67. ODDITY Tech Ltd. has a fifty-two week low of $34.97 and a fifty-two week high of $79.18.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.04. The company had revenue of $241.14 million during 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%.ODDITY Tech's revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. 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, sell-side analysts anticipate that ODDITY Tech Ltd. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Bank of America lifted their target price on ODDITY Tech from $68.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Needham & Company LLC assumed coverage on ODDITY Tech in a report on Thursday, August 28th. They set a "buy" rating and a $72.00 target price on the stock. Morgan Stanley lifted their target price on ODDITY Tech from $56.00 to $61.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. JMP Securities increased their price target on ODDITY Tech from $72.00 to $80.00 and gave the company a "market outperform" rating in a research report on Tuesday, August 5th. Finally, Barclays increased their price target on ODDITY Tech from $60.00 to $73.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, ODDITY Tech currently has a consensus rating of "Moderate Buy" and an average price target of $74.56.

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.

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