Peregrine Capital Management LLC Acquires 5,220 Shares of ODDITY Tech Ltd. (NASDAQ:ODD)

Peregrine Capital Management LLC increased its holdings in ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,375 shares of the company's stock after acquiring an additional 5,220 shares during the quarter. Peregrine Capital Management LLC owned about 0.27% of ODDITY Tech worth $6,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of ODDITY Tech in the fourth quarter worth $42,000. Wells Fargo & Company MN boosted its stake in ODDITY Tech by 17.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after purchasing an additional 449 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in ODDITY Tech in the 4th quarter worth about $246,000. Knuff & Co LLC grew its position in ODDITY Tech by 32.8% during the 4th quarter. Knuff & Co LLC now owns 6,824 shares of the company's stock valued at $287,000 after purchasing an additional 1,686 shares during the last quarter. Finally, PharVision Advisers LLC bought a new stake in ODDITY Tech during the 4th quarter valued at about $299,000. 35.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ODD has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of ODDITY Tech from $63.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 3rd. KeyCorp decreased their price objective on shares of ODDITY Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. JMP Securities reiterated a "market outperform" rating and set a $66.00 target price on shares of ODDITY Tech in a research note on Tuesday, April 22nd. Bank of America lifted their target price on ODDITY Tech from $68.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Finally, Truist Financial upped their price target on ODDITY Tech from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $61.75.

ODDITY Tech Trading Down 0.5%

NASDAQ:ODD traded down $0.36 during trading hours on Friday, reaching $74.75. The company had a trading volume of 323,395 shares, compared to its average volume of 599,468. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 42.96, a PEG ratio of 3.54 and a beta of 3.30. The firm's 50 day moving average price is $69.28 and its 200-day moving average price is $52.56. 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 Tuesday, April 29th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. The company had revenue of $268.08 million during the quarter, compared to analyst estimates of $260.71 million. ODDITY Tech had a return on equity of 30.67% and a net margin of 15.12%. ODDITY Tech's revenue was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, analysts forecast that ODDITY Tech Ltd. will post 1.62 earnings per share 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.