Lord Abbett & CO. LLC Has $8.27 Million Holdings in ODDITY Tech Ltd. $ODD

Key Points

• Lord Abbett & CO. LLC increased its holdings in ODDITY Tech Ltd. by 2.6%, owning approximately 191,257 shares valued at $8.27 million at the end of the last quarter.
• ODDITY Tech reported $0.92 EPS for the most recent quarter, surpassing analysts' expectations, with revenue of $241.14 million, also exceeding estimates.
• Research firms have raised their target prices for ODDITY Tech, with Bank of America setting it at $80.00 and KeyCorp at $90.00, reflecting a general positive outlook on the stock.

Lord Abbett & CO. LLC boosted its holdings in ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 191,257 shares of the company's stock after buying an additional 4,844 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.34% of ODDITY Tech worth $8,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Deutsche Bank AG raised its position in shares of ODDITY Tech by 65.0% during the 1st quarter. Deutsche Bank AG now owns 1,340 shares of the company's stock worth $58,000 after purchasing an additional 528 shares during the last quarter. Wells Fargo & Company MN grew 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 valued at $126,000 after buying an additional 449 shares during the last quarter. Federated Hermes Inc. bought a new position in ODDITY Tech in the 1st quarter worth about $190,000. PharVision Advisers LLC bought a new position in shares of ODDITY Tech in the fourth quarter valued at approximately $299,000. Finally, Blue Trust Inc. boosted its holdings in shares of ODDITY Tech by 15.4% in the first quarter. Blue Trust Inc. now owns 7,573 shares of the company's stock valued at $328,000 after acquiring an additional 1,008 shares in the last quarter. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays upped their price target on shares of ODDITY Tech from $60.00 to $73.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Bank of America upped their price target on shares of ODDITY Tech from $68.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Morgan Stanley increased their target price on shares of ODDITY Tech from $56.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. KeyCorp increased their target price on shares of ODDITY Tech from $65.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Finally, JMP Securities increased their target price on shares of ODDITY Tech from $72.00 to $80.00 and gave the stock a "market outperform" rating in a research report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.88.

ODDITY Tech Stock Performance

NASDAQ ODD traded down $0.07 on Thursday, hitting $59.77. 59,670 shares of the stock were exchanged, compared to its average volume of 871,263. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.32 and a quick ratio of 5.57. The business's fifty day moving average is $69.01 and its 200 day moving average is $57.76. ODDITY Tech Ltd. has a 52 week low of $32.71 and a 52 week high of $79.18. The company has a market capitalization of $3.34 billion, a PE ratio of 33.21, a P/E/G ratio of 2.94 and a beta of 3.27.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $241.14 million for the quarter, compared to analyst estimates of $237.44 million. ODDITY Tech had a net margin of 14.65% and a return on equity of 32.17%. The company's quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share. ODDITY Tech has set its Q3 2025 guidance at 0.330-0.360 EPS. FY 2025 guidance at 1.990-2.040 EPS. Research analysts anticipate that ODDITY Tech Ltd. will post 1.62 EPS for the current fiscal year.

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.