Moody National Bank Trust Division Sells 11,565 Shares of ODDITY Tech Ltd. $ODD

Key Points

• Moody National Bank Trust Division has reduced its stake in ODDITY Tech Ltd. by 10.9%, now holding 94,216 shares, valued at approximately $7.11 million.
• Despite the reduction, other investors like Baillie Gifford & Co. and Millennium Management LLC have increased their holdings in ODDITY Tech, indicating mixed sentiment among institutional investors.
• ODDITY Tech reported impressive quarterly earnings of $0.92 EPS, surpassing analysts' expectations, and revenue of $241.14 million, reflecting a growth of 25.1% year-over-year.

Moody National Bank Trust Division lessened its position in ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) by 10.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,216 shares of the company's stock after selling 11,565 shares during the period. ODDITY Tech makes up 0.7% of Moody National Bank Trust Division's portfolio, making the stock its 28th biggest position. Moody National Bank Trust Division owned approximately 0.17% of ODDITY Tech worth $7,110,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ODD. Deutsche Bank AG increased its holdings in shares of ODDITY Tech by 65.0% in the 1st quarter. Deutsche Bank AG now owns 1,340 shares of the company's stock worth $58,000 after acquiring an additional 528 shares during the period. Federated Hermes Inc. acquired a new position in ODDITY Tech during the 1st quarter valued at about $190,000. State of Wyoming acquired a new position in ODDITY Tech during the 1st quarter valued at about $269,000. Zevenbergen Capital Investments LLC acquired a new position in ODDITY Tech during the 2nd quarter valued at about $283,000. Finally, PharVision Advisers LLC acquired a new position in ODDITY Tech during the 4th quarter valued at about $299,000. Institutional investors and hedge funds own 35.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ODD. Bank of America raised their target price on shares of ODDITY Tech from $68.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Barclays raised their target price 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, July 15th. JPMorgan Chase & Co. raised their target price on shares of ODDITY Tech from $63.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, June 3rd. Truist Financial lifted their price objective on shares of ODDITY Tech from $65.00 to $78.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Finally, Needham & Company LLC began coverage on shares of ODDITY Tech in a research note on Thursday, August 28th. They issued a "buy" rating and a $72.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $74.56.

ODDITY Tech Stock Down 1.8%

Shares of ODD stock traded down $1.15 during trading on Monday, hitting $61.36. 254,123 shares of the company were exchanged, compared to its average volume of 816,172. The company has a debt-to-equity ratio of 1.66, a quick ratio of 5.57 and a current ratio of 6.32. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 2.98 and a beta of 3.25. The business's 50-day simple moving average is $63.96 and its 200 day simple moving average is $60.56. ODDITY Tech Ltd. has a twelve month low of $34.97 and a twelve month high of $79.18.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.04. The business had revenue of $241.14 million for the quarter, compared to the consensus estimate of $237.44 million. ODDITY Tech had a net margin of 14.65% and a return on equity of 32.17%. ODDITY Tech's revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. ODDITY Tech has set its Q3 2025 guidance at 0.330-0.360 EPS. FY 2025 guidance at 1.990-2.040 EPS. As a group, analysts forecast 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.