Northern Trust Corp Boosts Stock Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Northern Trust Corp boosted its stake in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 121.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,679 shares of the company's stock after buying an additional 35,533 shares during the period. Northern Trust Corp owned 0.11% of Oddity Tech worth $2,718,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Mark Sheptoff Financial Planning LLC acquired a new position in Oddity Tech in the 4th quarter valued at about $42,000. R Squared Ltd purchased a new stake in shares of Oddity Tech during the 4th quarter valued at approximately $61,000. Wells Fargo & Company MN lifted its holdings in Oddity Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock valued at $126,000 after acquiring an additional 449 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Oddity Tech by 49.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,650 shares of the company's stock valued at $153,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Oddity Tech in the fourth quarter worth approximately $246,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ODD. JMP Securities restated a "market outperform" rating and issued a $66.00 target price on shares of Oddity Tech in a research report on Tuesday, April 22nd. KeyCorp cut their price objective on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Truist Financial boosted their price objective on shares of Oddity Tech from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, May 1st. The Goldman Sachs Group upped their target price on shares of Oddity Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, Barclays lifted their price target 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $54.63.

Oddity Tech Trading Up 3.3%

ODD traded up $2.28 during mid-day trading on Tuesday, hitting $71.93. 1,380,083 shares of the stock were exchanged, compared to its average volume of 560,515. The firm's fifty day moving average is $51.23 and its two-hundred day moving average is $47.03. Oddity Tech Ltd. has a 1-year low of $32.71 and a 1-year high of $73.00. The company has a market cap of $4.02 billion, a PE ratio of 43.86, a PEG ratio of 1.48 and a beta of 3.44.

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 analysts' consensus estimates of $0.63 by $0.06. The company had revenue of $268.08 million for the quarter, compared to analyst estimates of $260.71 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The business's revenue for the quarter was up 26.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. As a group, research analysts anticipate that Oddity Tech Ltd. will post 1.62 earnings per share for the current year.

Oddity Tech Company 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.