Rip Road Capital Partners LP Invests $2.51 Million in ODDITY Tech Ltd. $ODD

Key Points

• Rip Road Capital Partners LP has invested approximately $2.51 million in ODDITY Tech Ltd., acquiring 58,094 shares which makes up 2.8% of its portfolio.
• Several analysts have set price targets for ODDITY Tech, with JMP Securities and Bank of America both raising their targets to $80.00, reflecting positive sentiment in the market.
• ODDITY Tech reported quarterly earnings of $0.92 per share, surpassing estimates, and showed a 25.1% year-over-year revenue growth, indicating strong financial performance.

Rip Road Capital Partners LP bought a new stake in ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 58,094 shares of the company's stock, valued at approximately $2,513,000. ODDITY Tech accounts for 2.8% of Rip Road Capital Partners LP's investment portfolio, making the stock its 13th largest holding. Rip Road Capital Partners LP owned about 0.10% of ODDITY Tech as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ODD. Federated Hermes Inc. acquired a new stake in ODDITY Tech in the 1st quarter valued at $190,000. Janney Montgomery Scott LLC purchased a new position in ODDITY Tech during the first quarter valued at $400,000. Woodline Partners LP acquired a new stake in shares of ODDITY Tech in the fourth quarter valued at about $5,460,000. Wells Fargo & Company MN grew its position 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 purchasing an additional 449 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of ODDITY Tech during the first quarter worth about $662,000. Institutional investors and hedge funds own 35.88% of the company's stock.

ODDITY Tech Trading Up 1.0%

ODDITY Tech stock traded up $0.63 during midday trading on Thursday, reaching $63.00. 553,547 shares of the stock traded hands, compared to its average volume of 834,670. The firm has a market cap of $3.52 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 3.03 and a beta of 3.25. The company has a current ratio of 6.32, a quick ratio of 5.57 and a debt-to-equity ratio of 1.66. The company has a 50-day simple moving average of $65.56 and a two-hundred day simple moving average of $59.51. ODDITY Tech Ltd. has a 12-month low of $33.05 and a 12-month high of $79.18.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.88 by $0.04. ODDITY Tech had a net margin of 14.65% and a return on equity of 32.17%. The company had revenue of $241.14 million during the quarter, compared to analysts' expectations of $237.44 million. During the same quarter last year, the company posted $0.82 EPS. The firm's revenue was up 25.1% compared to the same quarter last year. ODDITY Tech has set its Q3 2025 guidance at 0.330-0.360 EPS. FY 2025 guidance at 1.990-2.040 EPS. Research analysts expect that ODDITY Tech Ltd. will post 1.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on ODD. Truist Financial lifted their price objective on ODDITY Tech from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Bank of America lifted their price target on ODDITY Tech from $68.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. JMP Securities increased their price objective on ODDITY Tech from $72.00 to $80.00 and gave the company a "market outperform" rating in a research note on Tuesday, August 5th. KeyCorp raised their price objective on ODDITY Tech from $65.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Finally, Morgan Stanley upped their target price on shares of ODDITY Tech from $56.00 to $61.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.56.

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.