Janney Montgomery Scott LLC Purchases Shares of 9,241 ODDITY Tech Ltd. (NASDAQ:ODD)

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

A number of other institutional investors also recently bought and sold shares of the stock. Mark Sheptoff Financial Planning LLC acquired a new stake in ODDITY Tech during the 4th quarter valued at approximately $42,000. Wells Fargo & Company MN lifted its stake 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 valued at $126,000 after purchasing an additional 449 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of ODDITY Tech in the 4th quarter valued at $246,000. Knuff & Co LLC lifted its stake in shares of 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 purchasing an additional 1,686 shares during the period. Finally, PharVision Advisers LLC acquired a new position in shares of ODDITY Tech in the 4th quarter valued at $299,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

ODDITY Tech Price Performance

Shares of ODD traded down $2.13 during mid-day trading on Tuesday, reaching $73.88. The stock had a trading volume of 598,262 shares, compared to its average volume of 602,233. ODDITY Tech Ltd. has a 52-week low of $32.71 and a 52-week high of $79.18. The business's fifty day moving average is $70.44 and its 200 day moving average is $53.02. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 42.46, a P/E/G ratio of 3.55 and a beta of 3.30.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last announced 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. The firm had revenue of $268.08 million during the quarter, compared to analyst estimates of $260.71 million. ODDITY Tech had a net margin of 15.12% and a return on equity of 30.67%. ODDITY Tech's quarterly revenue was up 26.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. As a group, sell-side analysts anticipate that ODDITY Tech Ltd. will post 1.62 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of ODDITY Tech from $63.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group upped their price objective on shares of ODDITY Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Bank of America upped their price objective 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 upped their target price on shares of ODDITY Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, KeyCorp dropped their target price on shares of ODDITY Tech from $52.00 to $50.00 and set an "overweight" rating for the company 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 stock. According to data from MarketBeat, ODDITY Tech currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.75.

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.