Northern Trust Corp Buys 35,533 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Northern Trust Corp boosted its position in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 121.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,679 shares of the company's stock after buying an additional 35,533 shares during the quarter. Northern Trust Corp owned approximately 0.11% of Oddity Tech worth $2,718,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ODD. Mark Sheptoff Financial Planning LLC acquired a new position in Oddity Tech in the fourth quarter valued at approximately $42,000. R Squared Ltd acquired a new stake in Oddity Tech in the fourth quarter worth approximately $61,000. Wells Fargo & Company MN lifted its position in Oddity Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after purchasing an additional 449 shares during the period. Wilmington Savings Fund Society FSB lifted its position 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 worth $153,000 after purchasing an additional 1,200 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Oddity Tech in the fourth quarter worth approximately $246,000. 35.88% of the stock is owned by institutional investors.

Oddity Tech Stock Performance

Shares of Oddity Tech stock traded up $0.50 during trading on Thursday, hitting $72.72. 99,399 shares of the stock traded hands, compared to its average volume of 732,789. The stock has a market cap of $4.06 billion, a P/E ratio of 44.34, a PEG ratio of 1.48 and a beta of 3.44. Oddity Tech Ltd. has a twelve month low of $32.71 and a twelve month high of $73.67. The company has a fifty day moving average price of $52.38 and a two-hundred day moving average price of $47.38.

Oddity Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings data 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 firm 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%. Oddity Tech's revenue for the quarter was up 26.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. On average, equities research analysts expect that Oddity Tech Ltd. will post 1.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ODD has been the topic of several research reports. Barclays upped their price target on Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. The Goldman Sachs Group upped their price target on Oddity Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. dropped their price target on Oddity Tech from $56.00 to $50.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. KeyCorp dropped their price target on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Bank of America boosted their target price on shares of Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.63.

About Oddity Tech

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.