Man Group plc Grows Stock Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Man Group plc raised its position in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 105.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,428 shares of the company's stock after purchasing an additional 15,610 shares during the quarter. Man Group plc owned 0.05% of Oddity Tech worth $1,279,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Oddity Tech in the fourth quarter worth approximately $42,000. R Squared Ltd bought a new stake in shares of Oddity Tech in the fourth quarter worth approximately $61,000. Wells Fargo & Company MN grew its stake in shares of 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 acquiring an additional 449 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in shares of 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 buying an additional 1,200 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Oddity Tech in the fourth quarter worth approximately $246,000. 35.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ODD has been the topic of a number of research reports. Barclays raised their price objective 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. The Goldman Sachs Group lifted their price target on shares of Oddity Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. KeyCorp lowered their price target on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Truist Financial lifted their price target 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. Finally, JPMorgan Chase & Co. lowered their price target on shares of Oddity Tech from $56.00 to $50.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Oddity Tech currently has an average rating of "Moderate Buy" and an average price target of $54.63.

Oddity Tech Price Performance

Shares of ODD stock traded up $0.89 during mid-day trading on Thursday, hitting $73.11. The company had a trading volume of 138,113 shares, compared to its average volume of 559,223. Oddity Tech Ltd. has a 52-week low of $32.71 and a 52-week high of $73.77. The stock's 50 day moving average price is $52.38 and its 200-day moving average price is $47.38. The company has a market capitalization of $4.08 billion, a P/E ratio of 44.59, a P/E/G ratio of 1.48 and a beta of 3.44.

Oddity Tech (NASDAQ:ODD - Get Free Report) last released its quarterly 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 company had revenue of $268.08 million for the quarter, compared to the consensus estimate 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 was up 26.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. On average, equities research analysts expect that Oddity Tech Ltd. will post 1.62 earnings per share for the current 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.