Massachusetts Financial Services Co. MA Buys 6,419 Shares of ODDITY Tech Ltd. (NASDAQ:ODD)

Massachusetts Financial Services Co. MA boosted its position in shares of ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,289,493 shares of the company's stock after acquiring an additional 6,419 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.31% of ODDITY Tech worth $55,783,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. New York State Common Retirement Fund lifted its stake in shares of ODDITY Tech by 19.7% in the 1st quarter. New York State Common Retirement Fund now owns 172,843 shares of the company's stock valued at $7,477,000 after purchasing an additional 28,453 shares during the last quarter. Calamos Advisors LLC purchased a new position in ODDITY Tech during the 1st quarter worth $1,162,000. Teacher Retirement System of Texas grew its stake in ODDITY Tech by 81.1% during the 1st quarter. Teacher Retirement System of Texas now owns 15,287 shares of the company's stock worth $661,000 after buying an additional 6,845 shares during the last quarter. Acuitas Investments LLC purchased a new stake in ODDITY Tech during the 1st quarter valued at about $839,000. Finally, Peregrine Capital Management LLC lifted its holdings in shares of ODDITY Tech by 3.6% in the 1st quarter. Peregrine Capital Management LLC now owns 151,375 shares of the company's stock valued at $6,548,000 after buying an additional 5,220 shares during the period. Hedge funds and other institutional investors own 35.88% of the company's stock.

Analyst Ratings Changes

ODD has been the topic of a number of research reports. The Goldman Sachs Group upped their price target on ODDITY Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. KeyCorp raised their price target on ODDITY Tech from $65.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday. JMP Securities reissued a "market outperform" rating and issued a $66.00 target price on shares of ODDITY Tech in a report on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their price target on ODDITY Tech from $63.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, June 3rd. Finally, Barclays boosted their price objective on shares of ODDITY Tech from $60.00 to $73.00 and gave the company an "equal weight" rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $70.13.

ODDITY Tech Stock Performance

NASDAQ:ODD opened at $70.81 on Friday. The firm has a 50-day simple moving average of $71.56 and a 200-day simple moving average of $54.35. ODDITY Tech Ltd. has a one year low of $32.71 and a one year high of $79.18. The firm has a market cap of $3.95 billion, a P/E ratio of 40.70, a P/E/G ratio of 3.45 and a beta of 3.30.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. The business had revenue of $268.08 million for the quarter, compared to analysts' expectations of $260.71 million. ODDITY Tech had a net margin of 15.12% and a return on equity of 30.67%. The business's quarterly revenue was up 26.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, research analysts predict 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.

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