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

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

Other institutional investors also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Oddity Tech during the fourth quarter worth approximately $42,000. R Squared Ltd bought a new stake in shares of Oddity Tech in the fourth quarter valued at approximately $61,000. Wells Fargo & Company MN boosted its stake 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 buying an additional 449 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in shares of Oddity Tech by 49.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,650 shares of the company's stock valued at $153,000 after buying an additional 1,200 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Oddity Tech in the fourth quarter valued at approximately $246,000. Institutional investors own 35.88% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ODD. 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. Truist Financial boosted their price target on Oddity Tech from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Bank of America boosted their price target on Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. KeyCorp cut their price target on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their target price on Oddity Tech from $56.00 to $50.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $54.63.

Oddity Tech Stock Performance

Shares of NASDAQ:ODD opened at $64.51 on Wednesday. The company has a fifty day moving average of $49.40 and a 200-day moving average of $46.30. The company has a market capitalization of $3.60 billion, a PE ratio of 39.34, a price-to-earnings-growth ratio of 1.48 and a beta of 3.44. Oddity Tech Ltd. has a 52-week low of $32.71 and a 52-week high of $73.00.

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 (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 the consensus estimate of $260.71 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The company's revenue for the quarter was up 26.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. On average, equities 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.

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