ODDITY Tech Ltd. $ODD Position Cut by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its position in ODDITY Tech Ltd. by 56.8%, owning 56,321 shares after selling 74,133 shares during the first quarter.
• ODDITY Tech reported earnings of $0.92 per share, surpassing analysts' expectations, and experienced a 25.1% increase in revenue year-over-year.
• Analysts have mixed ratings for ODDITY Tech, with a consensus target price of $74.56 and six analysts rating the stock as a "Buy."

Trexquant Investment LP trimmed its holdings in ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) by 56.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,321 shares of the company's stock after selling 74,133 shares during the quarter. Trexquant Investment LP owned about 0.10% of ODDITY Tech worth $2,436,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Federated Hermes Inc. bought a new position in ODDITY Tech in the 1st quarter worth approximately $190,000. Janney Montgomery Scott LLC acquired a new stake in ODDITY Tech in the first quarter worth approximately $400,000. Woodline Partners LP acquired a new stake in ODDITY Tech in the fourth quarter worth approximately $5,460,000. Wells Fargo & Company MN lifted its position in ODDITY Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after purchasing an additional 449 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in ODDITY Tech in the first quarter worth approximately $662,000. 35.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ODD has been the subject of a number of research analyst reports. Barclays upped their target price on ODDITY Tech from $60.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Needham & Company LLC initiated coverage on ODDITY Tech in a research report on Thursday, August 28th. They issued a "buy" rating and a $72.00 target price for the company. KeyCorp upped their target price on ODDITY Tech from $65.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Morgan Stanley upped their target price on ODDITY Tech from $56.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, JMP Securities increased their price objective on ODDITY Tech from $72.00 to $80.00 and gave the company a "market outperform" rating in a research report on Tuesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $74.56.

ODDITY Tech Price Performance

ODD opened at $60.73 on Thursday. The stock has a fifty day moving average of $66.69 and a 200-day moving average of $58.86. The firm has a market capitalization of $3.39 billion, a P/E ratio of 33.74, a PEG ratio of 2.87 and a beta of 3.25. ODDITY Tech Ltd. has a 12-month low of $32.71 and a 12-month high of $79.18. The company has a quick ratio of 5.57, a current ratio of 6.32 and a debt-to-equity ratio of 1.66.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.04. The company had revenue of $241.14 million during the quarter, compared to analyst estimates of $237.44 million. ODDITY Tech had a return on equity of 32.17% and a net margin of 14.65%.The company's revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. ODDITY Tech has set its Q3 2025 guidance at 0.330-0.360 EPS. FY 2025 guidance at 1.990-2.040 EPS. Equities analysts forecast 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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