Harbour Capital Advisors LLC Takes $333,000 Position in ODDITY Tech Ltd. $ODD

Key Points

• Harbour Capital Advisors LLC made a new investment in ODDITY Tech Ltd., purchasing 4,435 shares valued at approximately $333,000.
• Multiple institutional investors, including Deutsche Bank AG and Federated Hermes Inc., have increased their stakes in ODDITY Tech, indicating strong institutional interest with a total of 35.88% of the company's stock owned by such investors.
• Wall Street analysts are optimistic about ODDITY Tech, with several firms increasing their price targets; the current consensus price target is $74.56 and has been rated as a "Moderate Buy."

Harbour Capital Advisors LLC bought a new position in shares of ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,435 shares of the company's stock, valued at approximately $333,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ODD. Northern Trust Corp raised its stake in ODDITY Tech by 121.9% in the fourth quarter. Northern Trust Corp now owns 64,679 shares of the company's stock valued at $2,718,000 after purchasing an additional 35,533 shares in the last quarter. Man Group plc raised its position in shares of ODDITY Tech by 105.3% during the fourth quarter. Man Group plc now owns 30,428 shares of the company's stock worth $1,279,000 after purchasing an additional 15,610 shares during the period. Two Sigma Investments LP raised its position in ODDITY Tech by 2.3% in the 4th quarter. Two Sigma Investments LP now owns 125,366 shares of the company's stock valued at $5,268,000 after buying an additional 2,812 shares during the last quarter. Woodline Partners LP bought a new position in ODDITY Tech in the 4th quarter valued at $5,460,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of ODDITY Tech by 10.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,535 shares of the company's stock worth $2,754,000 after acquiring an additional 6,431 shares during the period. Institutional investors and hedge funds own 35.88% of the company's stock.

ODDITY Tech Stock Up 0.9%

NASDAQ:ODD traded up $0.54 during trading hours on Tuesday, hitting $61.43. The company's stock had a trading volume of 92,553 shares, compared to its average volume of 813,564. The stock has a market capitalization of $3.43 billion, a P/E ratio of 34.08, a price-to-earnings-growth ratio of 2.98 and a beta of 3.25. The stock has a fifty day moving average of $63.75 and a 200-day moving average of $60.67. The company has a current ratio of 6.32, a quick ratio of 5.57 and a debt-to-equity ratio of 1.66. ODDITY Tech Ltd. has a 52-week low of $34.97 and a 52-week high of $79.18.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.04. ODDITY Tech had a return on equity of 32.17% and a net margin of 14.65%.The company had revenue of $241.14 million for the quarter, compared to analyst estimates of $237.44 million. During the same quarter last year, the company posted $0.82 earnings per share. The business's quarterly revenue was up 25.1% compared to the same quarter last year. 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, equities analysts forecast that ODDITY Tech Ltd. will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

ODD has been the subject of several analyst reports. Morgan Stanley raised their target price on ODDITY Tech from $56.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. JMP Securities reissued a "market outperform" rating and issued a $80.00 target price on shares of ODDITY Tech in a report on Tuesday. KeyCorp upped their price target on ODDITY Tech from $65.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Bank of America upped their price target on ODDITY Tech from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Finally, Needham & Company LLC assumed coverage on ODDITY Tech in a research report on Thursday, August 28th. They set a "buy" rating and a $72.00 target price for the company. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, ODDITY Tech has an average rating of "Moderate Buy" and an average price target of $74.56.

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.