Millennium Management LLC raised its stake in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 31.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 461,045 shares of the company's stock after buying an additional 110,020 shares during the period. Millennium Management LLC owned about 0.81% of Oddity Tech worth $19,373,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Mark Sheptoff Financial Planning LLC bought a new position in shares of Oddity Tech during the 4th quarter valued at $42,000. R Squared Ltd bought a new position in shares of Oddity Tech during the 4th quarter valued at $61,000. Wells Fargo & Company MN grew its holdings in shares of Oddity Tech by 17.6% during 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. Wilmington Savings Fund Society FSB grew its holdings in shares of Oddity Tech by 49.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,650 shares of the company's stock valued at $153,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Oddity Tech during the 4th quarter valued at $246,000. Institutional investors own 35.88% of the company's stock.
Oddity Tech Stock Up 3.3%
Shares of NASDAQ:ODD traded up $2.28 on Tuesday, hitting $71.93. The company had a trading volume of 1,380,083 shares, compared to its average volume of 560,516. The firm's 50-day simple moving average is $51.81 and its two-hundred day simple moving average is $47.21. Oddity Tech Ltd. has a 1 year low of $32.71 and a 1 year high of $73.00. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 43.86, a P/E/G ratio of 1.48 and a beta of 3.44.
Oddity Tech (NASDAQ:ODD - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The firm had revenue of $268.08 million during the quarter, compared to analysts' expectations of $260.71 million. During the same period last year, the company posted $0.61 EPS. The company's quarterly revenue was up 26.7% compared to the same quarter last year. Equities research analysts anticipate that Oddity Tech Ltd. will post 1.62 EPS for the current year.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the stock. JMP Securities reissued a "market outperform" rating and set a $66.00 price target on shares of Oddity Tech in a research report on Tuesday, April 22nd. The Goldman Sachs Group increased their price target on shares of Oddity Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. dropped their price target on shares of Oddity Tech from $56.00 to $50.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. KeyCorp dropped their price target on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Truist Financial increased their price target on shares of Oddity Tech from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $54.63.
View Our Latest Report on ODD
Oddity Tech Company Profile
(
Free Report)
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.
Featured Articles
Before you consider ODDITY Tech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ODDITY Tech wasn't on the list.
While ODDITY Tech currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
