Empowered Funds LLC acquired a new position in ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 95,323 shares of the company's stock, valued at approximately $1,275,000. Empowered Funds LLC owned approximately 0.17% of ODDITY Tech at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wexford Capital LP purchased a new stake in shares of ODDITY Tech during the third quarter worth about $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in ODDITY Tech by 134.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company's stock worth $69,000 after purchasing an additional 651 shares in the last quarter. USS Investment Management Ltd grew its position in ODDITY Tech by 5.3% during the 4th quarter. USS Investment Management Ltd now owns 13,753 shares of the company's stock worth $552,000 after purchasing an additional 695 shares during the last quarter. California State Teachers Retirement System increased its stake in ODDITY Tech by 2.0% during the 4th quarter. California State Teachers Retirement System now owns 43,532 shares of the company's stock valued at $1,749,000 after purchasing an additional 870 shares in the last quarter. Finally, Entropy Technologies LP raised its holdings in shares of ODDITY Tech by 10.0% in the third quarter. Entropy Technologies LP now owns 9,900 shares of the company's stock worth $617,000 after buying an additional 900 shares during the last quarter. 35.88% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Needham & Company LLC reiterated a "hold" rating on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Jefferies Financial Group reaffirmed a "hold" rating and set a $10.25 price target on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Morgan Stanley dropped their price target on ODDITY Tech from $16.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 3rd. Barclays cut their price objective on ODDITY Tech from $13.00 to $8.00 and set an "underweight" rating on the stock in a report on Wednesday, June 3rd. Finally, Wall Street Zen downgraded ODDITY Tech from a "sell" rating to a "strong sell" rating in a report on Saturday, April 18th. Nine research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $25.39.
Check Out Our Latest Stock Report on ODD
ODDITY Tech Stock Performance
NASDAQ ODD opened at $14.12 on Friday. The firm has a market capitalization of $812.96 million, a P/E ratio of 17.87 and a beta of 2.38. The stock has a 50-day simple moving average of $14.32 and a two-hundred day simple moving average of $17.35. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.86 and a current ratio of 4.06. ODDITY Tech Ltd. has a fifty-two week low of $9.25 and a fifty-two week high of $64.23.
ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued its earnings results on Tuesday, June 2nd. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.13). The company had revenue of $197.94 million during the quarter, compared to analysts' expectations of $187.87 million. ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.The firm's quarterly revenue was down 26.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 EPS. On average, equities analysts forecast that ODDITY Tech Ltd. will post -0.55 earnings per share for the current year.
Insider Buying and Selling
In other news, CFO Mann Lindsay Drucker sold 11,473 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $15.10, for a total transaction of $173,242.30. Following the sale, the chief financial officer owned 104,492 shares of the company's stock, valued at $1,577,829.20. This trade represents a 9.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 130,678 shares of company stock valued at $1,956,201.
ODDITY Tech Profile
(
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. The company sells beauty, hair, and skin products under the IL MAKIAGE and SpoiledChild brands.
Read More
Want to see what other hedge funds are holding ODD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ODDITY Tech Ltd. (NASDAQ:ODD - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider ODDITY Tech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ODDITY Tech wasn't on the list.
While ODDITY Tech currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
