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

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

A number of other large investors also recently modified their holdings of ODD. Sheets Smith Wealth Management lifted its position in shares of ODDITY Tech by 1.5% during the 1st quarter. Sheets Smith Wealth Management now owns 20,792 shares of the company's stock worth $899,000 after buying an additional 315 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of ODDITY Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock valued at $126,000 after acquiring an additional 449 shares in the last quarter. California State Teachers Retirement System increased its position in shares of ODDITY Tech by 1.7% during the fourth quarter. California State Teachers Retirement System now owns 31,401 shares of the company's stock valued at $1,319,000 after acquiring an additional 511 shares during the last quarter. American Century Companies Inc. lifted its holdings in ODDITY Tech by 5.1% during the fourth quarter. American Century Companies Inc. now owns 12,334 shares of the company's stock worth $518,000 after acquiring an additional 593 shares during the period. Finally, Geode Capital Management LLC boosted its position in ODDITY Tech by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 64,440 shares of the company's stock worth $2,708,000 after purchasing an additional 815 shares during the last quarter. Institutional investors own 35.88% of the company's stock.

Analyst Ratings Changes

ODD has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their target price on ODDITY Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. KeyCorp reduced their price target on shares of ODDITY Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Truist Financial raised their price objective on shares of ODDITY Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Bank of America lifted their price objective 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, JPMorgan Chase & Co. increased their target price on shares of ODDITY Tech from $63.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, June 3rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, ODDITY Tech currently has an average rating of "Moderate Buy" and an average target price of $61.75.

ODDITY Tech Stock Down 0.5%

ODD traded down $0.36 during trading hours on Friday, hitting $74.75. The stock had a trading volume of 323,395 shares, compared to its average volume of 599,468. ODDITY Tech Ltd. has a 1 year low of $32.71 and a 1 year high of $79.18. The company's fifty day simple moving average is $68.67 and its 200 day simple moving average is $52.38. The stock has a market cap of $4.17 billion, a PE ratio of 42.96, a price-to-earnings-growth ratio of 3.50 and a beta of 3.30.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.06. ODDITY Tech had a net margin of 15.12% and a return on equity of 30.67%. The firm had revenue of $268.08 million during the quarter, compared to analyst estimates of $260.71 million. During the same quarter last year, the business earned $0.61 earnings per share. The company's quarterly revenue was up 26.7% on a year-over-year basis. As a group, equities analysts expect that ODDITY Tech Ltd. will post 1.62 EPS for the current 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.