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

Northern Trust Corp lifted its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 121.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 64,679 shares of the company's stock after purchasing an additional 35,533 shares during the period. Northern Trust Corp owned about 0.11% of Oddity Tech worth $2,718,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors boosted its stake in shares of Oddity Tech by 29.5% during the 4th quarter. Capital International Investors now owns 1,365,744 shares of the company's stock valued at $57,389,000 after purchasing an additional 311,401 shares in the last quarter. Norges Bank purchased a new position in Oddity Tech during the 4th quarter valued at about $9,470,000. Penn Capital Management Company LLC purchased a new position in Oddity Tech during the 4th quarter valued at about $8,690,000. Lord Abbett & CO. LLC raised its holdings in Oddity Tech by 640.4% in the fourth quarter. Lord Abbett & CO. LLC now owns 186,413 shares of the company's stock worth $7,833,000 after buying an additional 161,237 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Oddity Tech by 18,799.2% in the fourth quarter. New York State Common Retirement Fund now owns 144,390 shares of the company's stock worth $6,067,000 after buying an additional 143,626 shares during the last quarter. Institutional investors own 35.88% of the company's stock.

Wall Street Analyst Weigh In

ODD has been the subject of several research reports. 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. Bank of America upped their target price on shares of Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 27th. JMP Securities reissued a "market outperform" rating and issued a $66.00 price objective on shares of Oddity Tech in a research note on Tuesday, April 22nd. KeyCorp reduced their price objective on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Barclays increased their price objective on shares of Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.63.

Oddity Tech Stock Performance

ODD stock traded up $0.10 during trading on Thursday, hitting $72.32. 591,974 shares of the company's stock traded hands, compared to its average volume of 561,743. Oddity Tech Ltd. has a 52 week low of $32.71 and a 52 week high of $73.67. The business has a fifty day simple moving average of $52.92 and a 200 day simple moving average of $47.56. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 44.10, a P/E/G ratio of 1.48 and a beta of 3.44.

Oddity Tech (NASDAQ:ODD - Get Free Report) last released its 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 firm had revenue of $268.08 million during 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 was up 26.7% on a year-over-year basis. During the same quarter last year, the business earned $0.61 EPS. Research analysts forecast that Oddity Tech Ltd. will post 1.62 earnings per share for the current fiscal 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.