Janney Montgomery Scott LLC acquired a new position in shares of ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,241 shares of the company's stock, valued at approximately $400,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of ODDITY Tech during the 4th quarter worth about $42,000. Wells Fargo & Company MN increased its position in shares of ODDITY Tech by 17.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after purchasing an additional 449 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in ODDITY Tech in the 4th quarter valued at about $246,000. Knuff & Co LLC increased its position in ODDITY Tech by 32.8% in the 4th quarter. Knuff & Co LLC now owns 6,824 shares of the company's stock valued at $287,000 after acquiring an additional 1,686 shares in the last quarter. Finally, PharVision Advisers LLC acquired a new stake in ODDITY Tech in the 4th quarter valued at about $299,000. 35.88% of the stock is owned by institutional investors.
ODDITY Tech Trading Down 0.5%
Shares of NASDAQ ODD traded down $0.36 during midday trading on Friday, reaching $74.75. The company's stock had a trading volume of 323,395 shares, compared to its average volume of 600,685. ODDITY Tech Ltd. has a fifty-two week low of $32.71 and a fifty-two week high of $79.18. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 42.96, a PEG ratio of 3.54 and a beta of 3.30. The stock has a 50 day simple moving average of $69.28 and a 200-day simple moving average of $52.65.
ODDITY Tech (NASDAQ:ODD - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.06. ODDITY Tech had a net margin of 15.12% and a return on equity of 30.67%. The company had revenue of $268.08 million for the quarter, compared to the consensus estimate of $260.71 million. During the same period last year, the company earned $0.61 earnings per share. The firm's revenue was up 26.7% compared to the same quarter last year. As a group, equities analysts anticipate that ODDITY Tech Ltd. will post 1.62 EPS for the current year.
Analyst Ratings Changes
ODD has been the subject of several analyst reports. Bank of America lifted their price target on shares of ODDITY Tech from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Truist Financial lifted their price objective on shares of ODDITY Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. KeyCorp cut their price target on shares of ODDITY Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. JMP Securities reaffirmed a "market outperform" rating and issued a $66.00 price target on shares of ODDITY Tech in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group lifted their price target on shares of ODDITY Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.75.
Read Our Latest Research Report on ODD
About ODDITY Tech
(
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.
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