Ashford Capital Management Inc. Boosts Stake in Oddity Tech Ltd. (NASDAQ:ODD)

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

Several other hedge funds have also added to or reduced their stakes in ODD. Blue Trust Inc. raised its holdings in Oddity Tech by 33.2% in the 4th quarter. Blue Trust Inc. now owns 6,437 shares of the company's stock valued at $260,000 after acquiring an additional 1,603 shares during the period. R Squared Ltd acquired a new position in shares of Oddity Tech in the fourth quarter valued at approximately $61,000. Wilmington Savings Fund Society FSB increased its stake in shares of Oddity Tech by 49.0% during 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. Sanctuary Advisors LLC bought a new position in shares of Oddity Tech during the fourth quarter worth approximately $746,000. Finally, D.A. Davidson & CO. lifted its holdings in Oddity Tech by 1.1% during the 4th quarter. D.A. Davidson & CO. now owns 25,838 shares of the company's stock worth $1,086,000 after purchasing an additional 273 shares during the last quarter. Institutional investors and hedge funds own 35.88% of the company's stock.

Oddity Tech Price Performance

ODD traded up $1.06 on Friday, hitting $69.65. 909,551 shares of the stock were exchanged, compared to its average volume of 557,224. Oddity Tech Ltd. has a 12 month low of $32.71 and a 12 month high of $73.00. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 42.47, a PEG ratio of 1.48 and a beta of 3.44. The business has a 50-day moving average of $50.71 and a two-hundred day moving average of $46.84.

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, beating the consensus estimate of $0.63 by $0.06. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The company had revenue of $268.08 million for the quarter, compared to analyst estimates of $260.71 million. During the same quarter last year, the company posted $0.61 EPS. The company's revenue for the quarter was up 26.7% compared to the same quarter last year. Equities research analysts expect that Oddity Tech Ltd. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. KeyCorp decreased their price objective on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JMP Securities reaffirmed a "market outperform" rating and set a $66.00 price target on shares of Oddity Tech in a research report on Tuesday, April 22nd. Truist Financial lifted their price objective on shares of Oddity Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Bank of America increased their target price on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Barclays raised their target price on shares of Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Oddity Tech presently has an average rating of "Moderate Buy" and a consensus target price of $54.63.

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.