Nuveen LLC Takes $1.18 Million Position in ODDITY Tech Ltd. $ODD

Key Points

• Nuveen LLC has acquired a new stake in ODDITY Tech Ltd., purchasing 27,280 shares valued at approximately $1.18 million.
• Analysts have raised their price targets for ODDITY Tech, with KeyCorp setting a new target of $90.00, reflecting positive sentiment toward the company's stock performance.
• ODDITY Tech reported a quarterly earnings per share (EPS) of $0.92, surpassing estimates and marking a 25.1% increase in revenue compared to the previous year.

Nuveen LLC purchased a new stake in ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 27,280 shares of the company's stock, valued at approximately $1,180,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ODD. Wells Fargo & Company MN increased its stake in shares of ODDITY Tech by 17.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock valued at $126,000 after purchasing an additional 449 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of ODDITY Tech in the 4th quarter valued at $467,000. Susquehanna Fundamental Investments LLC bought a new position in shares of ODDITY Tech in the 4th quarter valued at $329,000. Northern Trust Corp increased its stake in shares of ODDITY Tech by 121.9% in the 4th quarter. Northern Trust Corp now owns 64,679 shares of the company's stock valued at $2,718,000 after purchasing an additional 35,533 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of ODDITY Tech during the 4th quarter valued at $3,956,000. Institutional investors own 35.88% of the company's stock.

Analyst Upgrades and Downgrades

ODD has been the topic of several recent research reports. KeyCorp raised their price objective on ODDITY Tech from $65.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Bank of America raised their price objective on ODDITY Tech from $68.00 to $80.00 and gave the company a "buy" rating in a report on Friday, June 27th. Barclays raised their price objective on ODDITY Tech from $60.00 to $73.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Truist Financial raised their price objective on ODDITY Tech from $65.00 to $78.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Finally, Needham & Company LLC initiated coverage on ODDITY Tech in a report on Thursday, August 28th. They set a "buy" rating and a $72.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, ODDITY Tech currently has an average rating of "Moderate Buy" and an average target price of $74.56.

ODDITY Tech Trading Up 1.7%

ODD traded up $1.01 during midday trading on Thursday, hitting $61.74. 104,968 shares of the company were exchanged, compared to its average volume of 843,990. The firm has a market capitalization of $3.45 billion, a P/E ratio of 34.30, a P/E/G ratio of 2.87 and a beta of 3.25. ODDITY Tech Ltd. has a 1-year low of $32.71 and a 1-year high of $79.18. The firm's 50 day moving average price is $66.69 and its 200-day moving average price is $58.86. The company has a quick ratio of 5.57, a current ratio of 6.32 and a debt-to-equity ratio of 1.66.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.88 by $0.04. The firm had revenue of $241.14 million for the quarter, compared to the consensus estimate of $237.44 million. ODDITY Tech had a return on equity of 32.17% and a net margin of 14.65%.The business's quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the previous year, the business 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, equities analysts forecast that ODDITY Tech Ltd. will post 1.62 EPS 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.