ProShare Advisors LLC Purchases 7,492 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

ProShare Advisors LLC lifted its stake in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 20.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,836 shares of the company's stock after acquiring an additional 7,492 shares during the quarter. ProShare Advisors LLC owned approximately 0.08% of Oddity Tech worth $1,884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ODD. Mark Sheptoff Financial Planning LLC acquired a new stake in Oddity Tech in the 4th quarter worth approximately $42,000. R Squared Ltd acquired a new stake in Oddity Tech in the 4th quarter valued at approximately $61,000. Wells Fargo & Company MN increased its position 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 buying an additional 449 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in shares of Oddity Tech by 49.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,650 shares of the company's stock worth $153,000 after buying an additional 1,200 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Oddity Tech during the fourth quarter worth approximately $246,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ODD has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Oddity Tech from $56.00 to $50.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. JMP Securities restated a "market outperform" rating and issued a $66.00 price target on shares of Oddity Tech in a research report on Tuesday, April 22nd. Barclays boosted their price objective on shares of Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Truist Financial increased their target price on shares of Oddity Tech from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group boosted their price target on Oddity Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a research note 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 has an average rating of "Moderate Buy" and an average target price of $54.63.

Oddity Tech Price Performance

Shares of Oddity Tech stock traded up $1.06 during trading on Monday, hitting $69.65. 909,551 shares of the company's stock traded hands, compared to its average volume of 557,224. The company has a market cap of $3.89 billion, a PE ratio of 42.47, a PEG ratio of 1.48 and a beta of 3.44. The firm's fifty day moving average price is $50.71 and its 200 day moving average price is $46.87. Oddity Tech Ltd. has a twelve month low of $32.71 and a twelve month high of $73.00.

Oddity Tech (NASDAQ:ODD - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.06. The business had revenue of $268.08 million during the quarter, compared to analysts' expectations of $260.71 million. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. Oddity Tech's quarterly revenue was up 26.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. As a group, equities research analysts anticipate that Oddity Tech Ltd. will post 1.62 earnings per share 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.