Twinbeech Capital LP Sells 11,440 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Twinbeech Capital LP lowered its stake in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 45.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,531 shares of the company's stock after selling 11,440 shares during the period. Twinbeech Capital LP's holdings in Oddity Tech were worth $569,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. D.A. Davidson & CO. boosted 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 acquiring an additional 273 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Oddity Tech by 17.6% in the 4th 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 last quarter. American Century Companies Inc. raised its position in shares of Oddity Tech by 5.1% in the fourth quarter. American Century Companies Inc. now owns 12,334 shares of the company's stock valued at $518,000 after purchasing an additional 593 shares during the period. Geode Capital Management LLC raised its holdings in Oddity Tech by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 64,440 shares of the company's stock valued at $2,708,000 after acquiring an additional 815 shares during the period. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in Oddity Tech during the 4th quarter worth about $42,000. Institutional investors own 35.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ODD. KeyCorp lowered their price objective on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. JMP Securities reaffirmed a "market outperform" rating and set a $66.00 price objective on shares of Oddity Tech in a research note on Tuesday, April 22nd. Truist Financial lifted their target price 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. JPMorgan Chase & Co. lowered their price target on Oddity Tech from $56.00 to $50.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Bank of America boosted their price target on shares of Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $54.63.

Oddity Tech Stock Up 3.3%

Oddity Tech stock traded up $2.32 during trading hours on Tuesday, hitting $71.97. The stock had a trading volume of 976,705 shares, compared to its average volume of 735,620. The stock's 50-day moving average price is $51.23 and its 200-day moving average price is $47.03. The stock has a market capitalization of $4.02 billion, a P/E ratio of 43.72, a price-to-earnings-growth ratio of 1.48 and a beta of 3.44. Oddity Tech Ltd. has a 12-month low of $32.71 and a 12-month high of $73.00.

Oddity Tech (NASDAQ:ODD - Get Free Report) last announced 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. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The firm had revenue of $268.08 million for the quarter, compared to the consensus estimate of $260.71 million. During the same period in the prior year, the company posted $0.61 earnings per share. The company's quarterly revenue was up 26.7% on a year-over-year basis. On average, 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.