Oddity Tech Ltd. (NASDAQ:ODD) Shares Purchased by Moody National Bank Trust Division

Moody National Bank Trust Division raised its stake in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 14.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 105,781 shares of the company's stock after buying an additional 13,085 shares during the period. Moody National Bank Trust Division owned about 0.19% of Oddity Tech worth $4,576,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System boosted its holdings in Oddity Tech by 1.7% in the 4th quarter. California State Teachers Retirement System now owns 31,401 shares of the company's stock worth $1,319,000 after buying an additional 511 shares during the period. PharVision Advisers LLC bought a new position in shares of Oddity Tech during the 4th quarter valued at about $299,000. Ashford Capital Management Inc. boosted its holdings in shares of Oddity Tech by 3.2% during the 4th quarter. Ashford Capital Management Inc. now owns 719,758 shares of the company's stock valued at $30,244,000 after purchasing an additional 22,098 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Oddity Tech by 10.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,535 shares of the company's stock valued at $2,754,000 after purchasing an additional 6,431 shares during the last quarter. Finally, Woodline Partners LP bought a new position in shares of Oddity Tech during the 4th quarter valued at about $5,460,000. Institutional investors own 35.88% of the company's stock.

Oddity Tech Stock Performance

Shares of Oddity Tech stock traded up $1.07 during trading on Tuesday, hitting $77.59. 419,409 shares of the company's stock were exchanged, compared to its average volume of 567,102. Oddity Tech Ltd. has a 52-week low of $32.71 and a 52-week high of $79.26. The business has a 50-day simple moving average of $54.16 and a 200-day simple moving average of $48.07. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 47.31, a PEG ratio of 1.48 and a beta of 3.44.

Oddity Tech (NASDAQ:ODD - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.06. The company had revenue of $268.08 million during the quarter, compared to analysts' expectations of $260.71 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The firm's revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. On average, equities analysts anticipate that Oddity Tech Ltd. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ODD has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of Oddity Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Barclays upped their target price on shares of Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Truist Financial upped their target price on shares of Oddity Tech from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. upped their target price on shares of Oddity Tech from $63.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, KeyCorp decreased their target price on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Oddity Tech has a consensus rating of "Moderate Buy" and a consensus price target of $59.00.

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.