SG Americas Securities LLC bought a new position in ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,307 shares of the company's stock, valued at approximately $662,000.
Other institutional investors also recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC bought a new stake in ODDITY Tech during the 4th quarter valued at about $42,000. Wells Fargo & Company MN grew its holdings in shares of ODDITY Tech by 17.6% during 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 last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of ODDITY Tech during the fourth quarter valued at approximately $246,000. Knuff & Co LLC increased its position in shares of ODDITY Tech by 32.8% during the fourth quarter. Knuff & Co LLC now owns 6,824 shares of the company's stock valued at $287,000 after acquiring an additional 1,686 shares in the last quarter. Finally, PharVision Advisers LLC purchased a new position in ODDITY Tech in the 4th quarter worth approximately $299,000. 35.88% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have commented on ODD shares. JPMorgan Chase & Co. lifted their target price on ODDITY Tech from $63.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, June 3rd. JMP Securities reaffirmed a "market outperform" rating and set a $66.00 price objective on shares of ODDITY Tech in a research report on Tuesday, April 22nd. KeyCorp reduced their price objective on ODDITY Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Barclays boosted their target price on ODDITY Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group raised their price target 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $59.00.
Read Our Latest Stock Analysis on ODDITY Tech
ODDITY Tech Price Performance
ODDITY Tech stock traded down $3.17 during mid-day trading on Wednesday, reaching $70.61. 1,026,287 shares of the stock traded hands, compared to its average volume of 590,649. ODDITY Tech Ltd. has a 12-month low of $32.71 and a 12-month high of $79.18. The business's 50-day moving average is $64.19 and its 200-day moving average is $51.20. The stock has a market capitalization of $3.94 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 3.45 and a beta of 3.45.
ODDITY Tech (NASDAQ:ODD - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.06. ODDITY Tech had a return on equity of 30.67% and a net margin of 15.12%. The business had revenue of $268.08 million during the quarter, compared to the consensus estimate of $260.71 million. During the same period in the previous year, the company posted $0.61 EPS. The business's quarterly revenue was up 26.7% compared to the same quarter last year. Equities analysts anticipate that ODDITY Tech Ltd. will post 1.62 EPS for the current fiscal year.
ODDITY Tech Profile
(
Free Report)
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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