Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Invests $4.38 Million in Odysight.ai Inc. (NASDAQ:ODYS)

Key Points

• Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD invested $4.38 million in Odysight.ai Inc., acquiring approximately 624,737 shares and making up about 3.83% of the company.
• Odysight.ai reported a quarterly EPS of ($0.29) with revenue of $2.07 million, and has a current market cap of $75.40 million.
• Benchmark initiated coverage on Odysight.ai with a "buy" rating and a price target of $10.00.

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new position in shares of Odysight.ai Inc. (NASDAQ:ODYS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 624,737 shares of the company's stock, valued at approximately $4,383,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD owned about 3.83% of Odysight.ai as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Phoenix Financial Ltd. bought a new position in shares of Odysight.ai during the 1st quarter worth approximately $15,263,000. Hohimer Wealth Management LLC bought a new stake in shares of Odysight.ai in the 1st quarter valued at $168,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Odysight.ai during the 1st quarter valued at $82,000. Institutional investors and hedge funds own 19.67% of the company's stock.

Odysight.ai Price Performance

Shares of Odysight.ai stock opened at $4.62 on Friday. Odysight.ai Inc. has a one year low of $4.00 and a one year high of $10.80. The company has a market cap of $75.40 million, a price-to-earnings ratio of -4.53 and a beta of 0.38. The company has a 50-day moving average price of $5.04.

Odysight.ai (NASDAQ:ODYS - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.29) EPS for the quarter. Odysight.ai had a negative net margin of 220.30% and a negative return on equity of 58.27%. The firm had revenue of $2.07 million for the quarter.

Analysts Set New Price Targets

Separately, Benchmark assumed coverage on shares of Odysight.ai in a report on Wednesday, April 2nd. They issued a "buy" rating and a $10.00 price target for the company.

Insider Buying and Selling

In other Odysight.ai news, major shareholder Y.D. More Investments Ltd sold 8,600 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $5.29, for a total value of $45,494.00. Following the transaction, the insider directly owned 715,140 shares of the company's stock, valued at approximately $3,783,090.60. This trade represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Odysight.ai Company Profile

Odysight.ai, Inc engages in the development and manufacture of customized visual solutions for organizations across a variety of industries in the form of micro cameras and supplementary technologies. Its devices can used across the medical, aerospace, industrial, research, and defense industries. The company was founded on March 22, 2013 and is headquartered in Omer, Israel.

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