ODDITY Tech Ltd. $ODD Shares Acquired by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio increased its stake in ODDITY Tech Ltd. by 561.3% in Q2, now owning approximately 0.11% of the company worth $4.7 million.
• During its last quarter, ODDITY Tech reported an EPS of $0.92, exceeding expectations, with a year-over-year revenue increase of 25.1%.
• Analysts maintain a positive outlook with an average price target of $74.90 and a rating of "Moderate Buy" for ODDITY Tech shares.

Public Employees Retirement System of Ohio raised its stake in shares of ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) by 561.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,503 shares of the company's stock after acquiring an additional 53,052 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.11% of ODDITY Tech worth $4,717,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ODD. Counterpoint Mutual Funds LLC acquired a new stake in shares of ODDITY Tech during the second quarter worth about $767,000. Harbour Capital Advisors LLC acquired a new stake in shares of ODDITY Tech during the second quarter worth about $333,000. Diversified Trust Co acquired a new stake in shares of ODDITY Tech during the second quarter worth about $205,000. Harbor Capital Advisors Inc. lifted its position in shares of ODDITY Tech by 20.7% during the second quarter. Harbor Capital Advisors Inc. now owns 25,701 shares of the company's stock worth $1,940,000 after purchasing an additional 4,414 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC acquired a new stake in shares of ODDITY Tech during the second quarter worth about $283,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

ODDITY Tech Stock Up 0.0%

ODD opened at $61.00 on Tuesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.32 and a quick ratio of 5.57. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 2.90 and a beta of 3.25. The business has a 50-day moving average of $62.61 and a two-hundred day moving average of $61.22. ODDITY Tech Ltd. has a 12 month low of $35.30 and a 12 month high of $79.18.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.88 by $0.04. The company had revenue of $241.14 million during the quarter, compared to analysts' expectations of $237.44 million. ODDITY Tech had a return on equity of 32.17% and a net margin of 14.65%.The firm's revenue was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 EPS. ODDITY Tech has set its Q3 2025 guidance at 0.330-0.360 EPS. FY 2025 guidance at 1.990-2.040 EPS. On average, research analysts expect that ODDITY Tech Ltd. will post 1.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ODD. Truist Financial increased their price target on shares of ODDITY Tech from $65.00 to $78.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Barclays increased their price target on shares of ODDITY Tech from $60.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. JMP Securities reissued a "market outperform" rating and set a $80.00 price target on shares of ODDITY Tech in a research report on Tuesday, September 23rd. Bank of America increased their price target on shares of ODDITY Tech from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Finally, Morgan Stanley raised their target price on shares of ODDITY Tech from $56.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, ODDITY Tech has an average rating of "Moderate Buy" and a consensus price target of $74.90.

ODDITY Tech 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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