SG Americas Securities LLC Acquires Shares of 15,307 ODDITY Tech Ltd. (NASDAQ:ODD)

SG Americas Securities LLC acquired a new stake in ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,307 shares of the company's stock, valued at approximately $662,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Moody National Bank Trust Division raised its holdings in shares of ODDITY Tech by 14.1% in the first quarter. Moody National Bank Trust Division now owns 105,781 shares of the company's stock valued at $4,576,000 after acquiring an additional 13,085 shares in the last quarter. California State Teachers Retirement System increased its position in ODDITY Tech by 1.7% during the 4th quarter. California State Teachers Retirement System now owns 31,401 shares of the company's stock valued at $1,319,000 after purchasing an additional 511 shares during the period. PharVision Advisers LLC bought a new stake in shares of ODDITY Tech in the 4th quarter valued at about $299,000. Ashford Capital Management Inc. lifted its position in shares of ODDITY Tech by 3.2% in the 4th quarter. Ashford Capital Management Inc. now owns 719,758 shares of the company's stock worth $30,244,000 after purchasing an additional 22,098 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of ODDITY Tech by 10.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,535 shares of the company's stock valued at $2,754,000 after purchasing an additional 6,431 shares in the last quarter. 35.88% of the stock is currently owned by institutional investors.

ODDITY Tech Price Performance

NASDAQ:ODD traded up $2.31 during trading hours on Monday, hitting $74.03. 1,073,176 shares of the company were exchanged, compared to its average volume of 587,809. ODDITY Tech Ltd. has a 52-week low of $32.71 and a 52-week high of $79.18. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 42.44, a PEG ratio of 3.35 and a beta of 3.46. The company's 50 day moving average price is $62.89 and its 200-day moving average price is $50.86.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06. ODDITY Tech had a return on equity of 30.67% and a net margin of 15.12%. The firm had revenue of $268.08 million for the quarter, compared to the consensus estimate of $260.71 million. During the same period in the prior year, the firm earned $0.61 EPS. The firm's revenue was up 26.7% on a year-over-year basis. On average, equities analysts predict that ODDITY Tech Ltd. will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

ODD has been the subject of a number of analyst reports. Barclays upped their target price on ODDITY Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their price objective on ODDITY Tech from $63.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 3rd. The Goldman Sachs Group raised their price objective on ODDITY Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. JMP Securities reiterated a "market outperform" rating and issued a $66.00 target price on shares of ODDITY Tech in a report on Tuesday, April 22nd. Finally, Bank of America raised their price target on shares of ODDITY Tech from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $59.00.

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.