Canada Pension Plan Investment Board Sells 17,388 Shares of ODDITY Tech Ltd. $ODD

Key Points

• The Canada Pension Plan Investment Board reduced its stake in ODDITY Tech Ltd. by 23.6%, now holding 56,194 shares worth approximately $2.43 million.
• ODDITY Tech reported earnings of $0.92 per share for the last quarter, exceeding expectations and reflecting a 25.1% increase in revenue year-over-year.
• Equities analysts have raised target prices for ODDITY Tech shares significantly, with KeyCorp increasing its target from $65 to $90 and JMP Securities raising it from $72 to $80, indicating a consensus "Moderate Buy" rating.

Canada Pension Plan Investment Board decreased its position in shares of ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) by 23.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,194 shares of the company's stock after selling 17,388 shares during the quarter. Canada Pension Plan Investment Board owned about 0.10% of ODDITY Tech worth $2,431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ODD. Janus Henderson Group PLC increased its holdings in shares of ODDITY Tech by 71.9% during the fourth quarter. Janus Henderson Group PLC now owns 846,281 shares of the company's stock valued at $35,539,000 after acquiring an additional 354,083 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of ODDITY Tech by 4.8% during the first quarter. Baillie Gifford & Co. now owns 6,255,326 shares of the company's stock valued at $270,605,000 after acquiring an additional 285,745 shares in the last quarter. J. Goldman & Co LP increased its holdings in shares of ODDITY Tech by 322.5% during the fourth quarter. J. Goldman & Co LP now owns 307,375 shares of the company's stock valued at $12,916,000 after acquiring an additional 234,625 shares in the last quarter. Granahan Investment Management LLC increased its holdings in shares of ODDITY Tech by 15.9% during the fourth quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company's stock valued at $64,635,000 after acquiring an additional 211,485 shares in the last quarter. Finally, Woodline Partners LP bought a new stake in shares of ODDITY Tech during the fourth quarter valued at approximately $5,460,000. Institutional investors own 35.88% of the company's stock.

Wall Street Analyst Weigh In

ODD has been the subject of several recent research reports. JMP Securities boosted their price objective on ODDITY Tech from $72.00 to $80.00 and gave the company a "market outperform" rating in a report on Tuesday, August 5th. Barclays lifted their target price on ODDITY Tech from $60.00 to $73.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Truist Financial lifted their target price on ODDITY Tech from $65.00 to $78.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. KeyCorp lifted their target price on ODDITY Tech from $65.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Finally, Morgan Stanley lifted their target price on ODDITY Tech from $56.00 to $61.00 and gave the company an "equal weight" rating in a research report 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 MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.56.

ODDITY Tech Stock Performance

Shares of NASDAQ ODD traded up $0.07 during trading on Tuesday, reaching $63.75. 119,659 shares of the stock traded hands, compared to its average volume of 838,210. The company has a 50-day moving average of $66.03 and a 200-day moving average of $59.46. The stock has a market capitalization of $3.56 billion, a P/E ratio of 35.41, a price-to-earnings-growth ratio of 3.00 and a beta of 3.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.32 and a quick ratio of 5.57. ODDITY Tech Ltd. has a 52-week low of $32.71 and a 52-week high of $79.18.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.04. The business had revenue of $241.14 million for 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 quarterly revenue was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Analysts forecast that ODDITY Tech Ltd. will post 1.62 EPS for the current fiscal year.

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.