Oddity Tech Ltd. (NASDAQ:ODD) Shares Acquired by Millennium Management LLC

Millennium Management LLC lifted its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 31.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 461,045 shares of the company's stock after purchasing an additional 110,020 shares during the period. Millennium Management LLC owned about 0.81% of Oddity Tech worth $19,373,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Lazard Asset Management LLC purchased a new position in shares of Oddity Tech during the 4th quarter worth approximately $408,000. J. Goldman & Co LP increased its stake in shares of Oddity Tech by 322.5% during the 4th quarter. J. Goldman & Co LP now owns 307,375 shares of the company's stock worth $12,916,000 after purchasing an additional 234,625 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Oddity Tech by 71.9% during the 4th quarter. Janus Henderson Group PLC now owns 846,281 shares of the company's stock worth $35,539,000 after purchasing an additional 354,083 shares in the last quarter. Granahan Investment Management LLC increased its stake in shares of Oddity Tech by 15.9% during the 4th quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company's stock worth $64,635,000 after purchasing an additional 211,485 shares in the last quarter. Finally, Centiva Capital LP increased its stake in shares of Oddity Tech by 49.5% during the 4th quarter. Centiva Capital LP now owns 14,389 shares of the company's stock worth $605,000 after purchasing an additional 4,765 shares in the last quarter. 35.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Oddity Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. JMP Securities restated a "market outperform" rating and set a $66.00 target price on shares of Oddity Tech in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their target price on shares of Oddity Tech from $56.00 to $50.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. 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 research report on Thursday, February 27th. Finally, Bank of America lifted their price target on shares of Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Oddity Tech has an average rating of "Moderate Buy" and an average price target of $54.63.

Oddity Tech Trading Up 0.5%

Shares of ODD stock opened at $64.81 on Thursday. The company's fifty day simple moving average is $49.77 and its 200-day simple moving average is $46.43. Oddity Tech Ltd. has a 52 week low of $32.71 and a 52 week high of $73.00. The company has a market cap of $3.62 billion, a PE ratio of 39.52, 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, 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 for the quarter, compared to the consensus estimate of $260.71 million. During the same quarter in the previous year, the firm posted $0.61 EPS. The firm's quarterly revenue was up 26.7% on a year-over-year basis. Equities research analysts expect 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.

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