ODDITY Tech Ltd. $ODD Shares Bought by Woodline Partners LP

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 boosted its holdings in shares of ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) by 239.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 440,533 shares of the company's stock after acquiring an additional 310,602 shares during the quarter. Woodline Partners LP owned about 0.79% of ODDITY Tech worth $19,057,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Baillie Gifford & Co. increased its stake in ODDITY Tech by 4.8% during the first quarter. Baillie Gifford & Co. now owns 6,255,326 shares of the company's stock worth $270,605,000 after acquiring an additional 285,745 shares during the last quarter. Granahan Investment Management LLC grew its stake in shares of ODDITY Tech by 1.1% in the first quarter. Granahan Investment Management LLC now owns 1,555,191 shares of the company's stock valued at $67,278,000 after buying an additional 16,993 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of ODDITY Tech by 0.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,289,493 shares of the company's stock valued at $55,783,000 after buying an additional 6,419 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of ODDITY Tech by 71.9% in the fourth quarter. Janus Henderson Group PLC now owns 846,281 shares of the company's stock valued at $35,539,000 after buying an additional 354,083 shares in the last quarter. Finally, Ashford Capital Management Inc. grew its stake in shares of ODDITY Tech by 3.2% in the fourth quarter. Ashford Capital Management Inc. now owns 719,758 shares of the company's stock valued at $30,244,000 after buying an additional 22,098 shares in the last quarter. Institutional investors and hedge funds own 35.88% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ODD shares. JPMorgan Chase & Co. lifted their price objective on ODDITY Tech from $63.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, June 3rd. Needham & Company LLC started coverage on ODDITY Tech in a research note on Thursday, August 28th. They issued a "buy" rating and a $72.00 price objective for the company. Bank of America lifted their price objective on ODDITY Tech from $68.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Barclays lifted their price objective on ODDITY Tech from $60.00 to $73.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Finally, Morgan Stanley lifted their price objective on ODDITY Tech from $56.00 to $61.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $74.56.

ODDITY Tech Trading Down 2.0%

NASDAQ:ODD opened at $62.37 on Thursday. The firm has a market cap of $3.48 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 3.03 and a beta of 3.25. The stock has a fifty day moving average price of $65.56 and a 200 day moving average price of $59.51. ODDITY Tech Ltd. has a 12-month low of $32.71 and a 12-month high of $79.18. The company has a current ratio of 6.32, a quick ratio of 5.57 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 firm 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%.ODDITY Tech's revenue was up 25.1% compared to the same quarter last year. During the same period last year, the business posted $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. Sell-side analysts anticipate that ODDITY Tech Ltd. will post 1.62 earnings per share for the current fiscal year.

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.

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