Harbor Capital Advisors Inc. Trims Stock Position in ODDITY Tech Ltd. (NASDAQ:ODD)

Harbor Capital Advisors Inc. decreased its position in shares of ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) by 49.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,287 shares of the company's stock after selling 20,775 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in ODDITY Tech were worth $921,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ODD. Mark Sheptoff Financial Planning LLC bought a new stake in ODDITY Tech during the 4th quarter valued at $42,000. Wells Fargo & Company MN raised its position in shares of ODDITY Tech by 17.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after acquiring an additional 449 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of ODDITY Tech during the 4th quarter worth $246,000. Blue Trust Inc. boosted its position in ODDITY Tech by 35.8% during the fourth quarter. Blue Trust Inc. now owns 6,565 shares of the company's stock valued at $276,000 after purchasing an additional 1,731 shares in the last quarter. Finally, Knuff & Co LLC grew its stake in ODDITY Tech by 32.8% in the fourth quarter. Knuff & Co LLC now owns 6,824 shares of the company's stock valued at $287,000 after purchasing an additional 1,686 shares during the last quarter. Hedge funds and other institutional investors own 35.88% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on ODD shares. The Goldman Sachs Group increased their price target on shares of ODDITY Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. JMP Securities reaffirmed a "market outperform" rating and issued a $66.00 price target on shares of ODDITY Tech in a report on Tuesday, April 22nd. KeyCorp decreased their price objective on ODDITY Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Bank of America increased their price target on ODDITY Tech from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Barclays raised their price target on ODDITY Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $59.00.

ODDITY Tech Price Performance

ODDITY Tech stock traded down $0.63 during trading hours on Tuesday, hitting $70.99. 735,514 shares of the stock traded hands, compared to its average volume of 585,176. The firm's 50 day moving average price is $61.19 and its 200-day moving average price is $50.29. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 40.80, a P/E/G ratio of 3.34 and a beta of 3.45. ODDITY Tech Ltd. has a 1 year low of $32.71 and a 1 year high of $79.18.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.06. ODDITY Tech had a return on equity of 30.67% and a net margin of 15.12%. The firm had revenue of $268.08 million for the quarter, compared to analyst estimates of $260.71 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. ODDITY Tech's revenue for the quarter was up 26.7% on a year-over-year basis. Research analysts forecast 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.