Granahan Investment Management LLC Purchases 16,993 Shares of ODDITY Tech Ltd. $ODD

Key Points

• Granahan Investment Management LLC increased its stake in ODDITY Tech by 1.1% during the first quarter, acquiring an additional 16,993 shares and now holding approximately $67.3 million in total investment.
• Several analysts have raised their price targets for ODDITY Tech, with Truist Financial setting a new target of $78.00 and JPMorgan increasing its target from $63.00 to $85.00, reflecting a positive outlook for the company's stock.
• ODDITY Tech reported strong financial performance with revenues of $241.14 million for the quarter, surpassing expectations, and has provided earnings guidance for the third quarter of 2025 between 0.330-0.360 EPS.

Granahan Investment Management LLC lifted its position in shares of ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,555,191 shares of the company's stock after acquiring an additional 16,993 shares during the quarter. ODDITY Tech makes up approximately 3.3% of Granahan Investment Management LLC's portfolio, making the stock its 4th biggest position. Granahan Investment Management LLC owned 2.79% of ODDITY Tech worth $67,278,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ODD. Deutsche Bank AG increased its position in 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 during the period. Wells Fargo & Company MN increased its holdings in shares of ODDITY Tech by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock valued at $126,000 after acquiring an additional 449 shares in the last quarter. Federated Hermes Inc. acquired a new position in shares of ODDITY Tech during the first quarter worth approximately $190,000. State of Wyoming bought a new position in shares of ODDITY Tech in the 1st quarter worth $269,000. Finally, PharVision Advisers LLC acquired a new stake in ODDITY Tech in the 4th quarter valued at $299,000. Institutional investors and hedge funds own 35.88% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ODD shares. Truist Financial upped their price objective on shares of ODDITY Tech from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Needham & Company LLC initiated coverage on shares of ODDITY Tech in a report on Thursday, August 28th. They issued a "buy" rating and a $72.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on ODDITY Tech from $63.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, June 3rd. Morgan Stanley raised their target price on ODDITY Tech from $56.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Finally, KeyCorp lifted their target price on ODDITY Tech from $65.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, ODDITY Tech presently has a consensus rating of "Moderate Buy" and an average target price of $74.56.

ODDITY Tech Price Performance

NASDAQ ODD opened at $60.73 on Thursday. The firm's 50-day simple moving average is $66.69 and its two-hundred day simple moving average is $58.86. The company has a quick ratio of 5.57, a current ratio of 6.32 and a debt-to-equity ratio of 1.66. The company has a market cap of $3.39 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 2.87 and a beta of 3.25. ODDITY Tech Ltd. has a 52 week low of $32.71 and a 52 week high of $79.18.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $241.14 million for the quarter, compared to analysts' expectations of $237.44 million. ODDITY Tech had a net margin of 14.65% and a return on equity of 32.17%. The company's revenue was up 25.1% compared to the same quarter last year. During the same quarter last year, the company 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. Research analysts predict that ODDITY Tech Ltd. will post 1.62 earnings per share for the current year.

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.

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