9,241 Shares in ODDITY Tech Ltd. (NASDAQ:ODD) Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new position in ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,241 shares of the company's stock, valued at approximately $400,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ODD. Raymond James Financial Inc. purchased a new stake in shares of ODDITY Tech in the fourth quarter worth approximately $467,000. Knuff & Co LLC raised its holdings in shares of ODDITY Tech by 32.8% in the fourth quarter. Knuff & Co LLC now owns 6,824 shares of the company's stock worth $287,000 after buying an additional 1,686 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of ODDITY Tech in the fourth quarter worth approximately $355,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of ODDITY Tech in the fourth quarter worth approximately $246,000. Finally, Quantbot Technologies LP purchased a new position in ODDITY Tech during the 4th quarter worth $397,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

ODDITY Tech Trading Up 0.1%

Shares of NASDAQ:ODD traded up $0.05 on Monday, reaching $76.01. The company had a trading volume of 736,394 shares, compared to its average volume of 601,336. ODDITY Tech Ltd. has a 52-week low of $32.71 and a 52-week high of $79.18. The firm's 50 day simple moving average is $69.90 and its 200-day simple moving average is $52.88. The firm has a market capitalization of $4.24 billion, a PE ratio of 43.68, a PEG ratio of 3.54 and a beta of 3.30.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last announced its quarterly earnings results 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 return on equity of 30.67% and a net margin of 15.12%. The business 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 business posted $0.61 EPS. The business's revenue was up 26.7% compared to the same quarter last year. As a group, equities research analysts predict that ODDITY Tech Ltd. will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

ODD has been the topic of several research reports. The Goldman Sachs Group raised their price objective on ODDITY Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. raised 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. JMP Securities restated a "market outperform" rating and set a $66.00 price objective on shares of ODDITY Tech in a report on Tuesday, April 22nd. Truist Financial raised their price objective on ODDITY Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, KeyCorp reduced their price objective on ODDITY Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $61.75.

ODDITY Tech Company 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.