Bank of America Corp DE cut its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 52.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 159,286 shares of the company's stock after selling 174,176 shares during the period. Bank of America Corp DE owned 0.28% of Oddity Tech worth $6,693,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Oddity Tech during the fourth quarter valued at $42,000. R Squared Ltd purchased a new stake in Oddity Tech in the fourth quarter valued at $61,000. Wells Fargo & Company MN boosted its holdings in Oddity Tech by 17.6% in the fourth 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 boosted its holdings in Oddity Tech by 49.0% in the fourth 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 purchased a new stake in Oddity Tech in the fourth quarter valued at $246,000. 35.88% of the stock is owned by institutional investors and hedge funds.
Oddity Tech Trading Up 1.7%
Shares of Oddity Tech stock traded up $1.20 during trading hours on Friday, reaching $73.52. The stock had a trading volume of 1,086,392 shares, compared to its average volume of 564,788. The stock's 50 day moving average is $53.49 and its 200 day moving average is $47.77. The firm has a market capitalization of $4.10 billion, a PE ratio of 44.83, a PEG ratio of 1.48 and a beta of 3.44. Oddity Tech Ltd. has a twelve month low of $32.71 and a twelve month high of $74.50.
Oddity Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.06. The business had revenue of $268.08 million during 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%. The company's revenue was up 26.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 earnings per share. As a group, sell-side analysts predict that Oddity Tech Ltd. will post 1.62 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms have commented on ODD. 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. Truist Financial upped 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. Bank of America upped 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. JMP Securities reaffirmed a "market outperform" rating and issued a $66.00 price target on shares of Oddity Tech in a report on Tuesday, April 22nd. Finally, 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.63.
Get Our Latest Analysis 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.
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