Oddity Tech Ltd. (NASDAQ:ODD) is Ashford Capital Management Inc.'s 5th Largest Position

Ashford Capital Management Inc. increased its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 719,758 shares of the company's stock after buying an additional 22,098 shares during the quarter. Oddity Tech accounts for about 3.6% of Ashford Capital Management Inc.'s portfolio, making the stock its 5th largest position. Ashford Capital Management Inc. owned approximately 1.27% of Oddity Tech worth $30,244,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Granahan Investment Management LLC increased its stake in shares of Oddity Tech by 15.9% in the fourth quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company's stock worth $64,635,000 after acquiring an additional 211,485 shares during the period. Bamco Inc. NY grew its holdings in Oddity Tech by 14.7% in the fourth quarter. Bamco Inc. NY now owns 1,429,198 shares of the company's stock valued at $60,055,000 after purchasing an additional 183,152 shares during the period. Capital International Investors lifted its position 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 buying an additional 311,401 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Oddity Tech by 0.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,283,074 shares of the company's stock valued at $53,915,000 after acquiring an additional 11,716 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in Oddity Tech by 71.9% in the 4th quarter. Janus Henderson Group PLC now owns 846,281 shares of the company's stock worth $35,539,000 after acquiring an additional 354,083 shares in the last quarter. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ODD shares. JPMorgan Chase & Co. dropped their price target on Oddity Tech from $56.00 to $50.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Truist Financial upped 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. Barclays upped their price objective on Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Bank of America raised their price objective on Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group increased their target price on shares of Oddity Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $54.63.

Oddity Tech Stock Up 1.7%

NASDAQ:ODD opened at $64.05 on Tuesday. The company has a fifty day simple moving average of $49.00 and a two-hundred day simple moving average of $46.17. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 1.48 and a beta of 3.44. Oddity Tech Ltd. has a 52 week low of $32.71 and a 52 week high of $73.00.

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, beating analysts' consensus estimates 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 return on equity of 29.02% and a net margin of 16.32%. Oddity Tech's revenue was up 26.7% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. On average, analysts expect that Oddity Tech Ltd. will post 1.62 EPS for the current year.

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.

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