7,113 Shares in Oddity Tech Ltd. (NASDAQ:ODD) Purchased by PharVision Advisers LLC

PharVision Advisers LLC purchased a new stake in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,113 shares of the company's stock, valued at approximately $299,000.

Other hedge funds also recently modified their holdings of the company. Penn Capital Management Company LLC bought a new stake in Oddity Tech in the fourth quarter valued at approximately $8,690,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Oddity Tech in the 4th quarter worth approximately $329,000. Wells Fargo & Company MN lifted its position in shares of 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 during the period. Blue Trust Inc. boosted its stake in shares of Oddity Tech by 33.2% in the 4th quarter. Blue Trust Inc. now owns 6,437 shares of the company's stock valued at $260,000 after purchasing an additional 1,603 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Oddity Tech during the fourth quarter worth $9,470,000. Institutional investors and hedge funds own 35.88% of the company's stock.

Oddity Tech Price Performance

Shares of NASDAQ:ODD traded up $1.85 during trading on Tuesday, reaching $71.50. 640,571 shares of the stock were exchanged, compared to its average volume of 558,006. Oddity Tech Ltd. has a 1-year low of $32.71 and a 1-year high of $73.00. The stock has a fifty day moving average of $51.23 and a two-hundred day moving average of $47.03. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 43.63, a price-to-earnings-growth ratio of 1.48 and a beta of 3.44.

Oddity Tech (NASDAQ:ODD - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.06. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The business had revenue of $268.08 million for the quarter, compared to analysts' expectations of $260.71 million. During the same quarter last year, the firm earned $0.61 EPS. The firm's revenue for the quarter was up 26.7% compared to the same quarter last year. Sell-side analysts forecast that Oddity Tech Ltd. will post 1.62 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ODD shares. Bank of America lifted their target price on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Barclays increased their price target on Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. JMP Securities reiterated a "market outperform" rating and set a $66.00 target price on shares of Oddity Tech in a research report on Tuesday, April 22nd. Truist Financial raised their price target 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. Finally, The Goldman Sachs Group upped their price objective on shares of Oddity Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.63.

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.