Woodline Partners LP Acquires 310,602 Shares of ODDITY Tech Ltd. $ODD

Key Points

• Woodline Partners LP significantly increased its holdings in ODDITY Tech Ltd. by 239.1% in the first quarter, acquiring a total of 440,533 shares worth approximately $19 million.
• Analysts have raised price targets for ODDITY Tech, with JPMorgan Chase & Co. setting a new target of $85.00 and several others maintaining "buy" ratings, indicating strong market confidence.
• ODDITY Tech reported $0.92 earnings per share for the last quarter, surpassing expectations and reflecting a 25.1% revenue increase year-over-year.

Woodline Partners LP increased its position in ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) by 239.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 440,533 shares of the company's stock after purchasing an additional 310,602 shares during the quarter. Woodline Partners LP owned approximately 0.79% of ODDITY Tech worth $19,057,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rip Road Capital Partners LP acquired a new stake in ODDITY Tech in the first quarter worth about $2,513,000. Granahan Investment Management LLC increased its position in ODDITY Tech by 1.1% in the first quarter. Granahan Investment Management LLC now owns 1,555,191 shares of the company's stock worth $67,278,000 after purchasing an additional 16,993 shares during the period. Amundi acquired a new stake in ODDITY Tech in the first quarter worth about $4,926,000. PDT Partners LLC increased its position in ODDITY Tech by 34.6% in the first quarter. PDT Partners LLC now owns 109,518 shares of the company's stock worth $4,738,000 after purchasing an additional 28,152 shares during the period. Finally, Caption Management LLC increased its position in ODDITY Tech by 63.4% in the first quarter. Caption Management LLC now owns 24,508 shares of the company's stock worth $1,060,000 after purchasing an additional 9,508 shares during the period. 35.88% of the stock is currently owned by institutional investors and hedge funds.

ODDITY Tech Price Performance

Shares of NASDAQ:ODD traded down $0.46 during trading on Tuesday, reaching $63.21. 48,928 shares of the company traded hands, compared to its average volume of 825,287. The company's 50 day moving average is $64.84 and its two-hundred day moving average is $60.08. The firm has a market capitalization of $3.53 billion, a PE ratio of 35.11, a PEG ratio of 2.99 and a beta of 3.25. 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 Ltd. has a 52 week low of $34.63 and a 52 week high of $79.18.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.04. The firm had revenue of $241.14 million during the quarter, compared to the consensus estimate 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 was up 25.1% compared to the same quarter last year. During the same period in the prior year, the company posted $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. 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

A number of equities analysts have issued reports on the company. Barclays raised their target price on ODDITY Tech from $60.00 to $73.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Needham & Company LLC assumed coverage on ODDITY Tech in a report on Thursday, August 28th. They set a "buy" rating and a $72.00 target price on the stock. Truist Financial raised their target price on ODDITY Tech from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. KeyCorp raised their target price on ODDITY Tech from $65.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. raised their target price on ODDITY Tech from $63.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, June 3rd. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, ODDITY Tech has a consensus rating of "Moderate Buy" and an average target price of $74.56.

About ODDITY Tech

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.