Twinbeech Capital LP lowered its stake in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 45.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,531 shares of the company's stock after selling 11,440 shares during the quarter. Twinbeech Capital LP's holdings in Oddity Tech were worth $569,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC bought a new position in Oddity Tech in the 4th quarter valued at approximately $42,000. R Squared Ltd bought a new position in Oddity Tech in the 4th quarter valued at approximately $61,000. Wells Fargo & Company MN raised 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 valued at $126,000 after buying an additional 449 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Oddity Tech by 49.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,650 shares of the company's stock valued at $153,000 after buying an additional 1,200 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Oddity Tech in the 4th quarter valued at approximately $246,000. Institutional investors own 35.88% of the company's stock.
Oddity Tech Stock Performance
Shares of ODD stock traded up $0.55 during trading hours on Wednesday, hitting $72.48. 315,369 shares of the company were exchanged, compared to its average volume of 735,142. Oddity Tech Ltd. has a fifty-two week low of $32.71 and a fifty-two week high of $73.67. The company has a 50 day simple moving average of $51.81 and a two-hundred day simple moving average of $47.21. The firm has a market cap of $4.05 billion, a P/E ratio of 44.20, a P/E/G ratio of 1.48 and a beta of 3.44.
Oddity Tech (NASDAQ:ODD - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share (EPS) for the quarter, topping 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 company had revenue of $268.08 million for the quarter, compared to analysts' expectations of $260.71 million. During the same period last year, the business earned $0.61 EPS. Oddity Tech's quarterly revenue was up 26.7% compared to the same quarter last year. As a group, sell-side analysts expect that Oddity Tech Ltd. will post 1.62 EPS for the current fiscal year.
Analysts Set New Price Targets
ODD has been the subject of a number of research reports. Truist Financial raised their price objective 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. Barclays increased their target price on shares of Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. KeyCorp decreased their target price 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. JPMorgan Chase & Co. decreased their target price 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. Finally, The Goldman Sachs Group increased their target price 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.63.
Read Our Latest Analysis on ODD
Oddity Tech 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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