State of Wyoming Acquires Shares of 6,218 ODDITY Tech Ltd. $ODD

Key Points

• The State of Wyoming acquired 6,218 shares of ODDITY Tech Ltd. valued at approximately $269,000 during the first quarter.
• ODDITY Tech's stock has received multiple price target increases from various analysts, with recommendations ranging from $61.00 to $85.00, indicating positive sentiment toward the company's performance.
• The company recently reported a 25.1% year-over-year increase in revenue, achieving $241.14 million for the quarter, while EPS exceeded estimates at $0.92.

State of Wyoming acquired a new stake in ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 6,218 shares of the company's stock, valued at approximately $269,000.

Other hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG boosted its position in ODDITY Tech by 65.0% in the 1st quarter. Deutsche Bank AG now owns 1,340 shares of the company's stock valued at $58,000 after buying an additional 528 shares during the last quarter. Wells Fargo & Company MN boosted 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 valued at $126,000 after buying an additional 449 shares during the last quarter. Federated Hermes Inc. bought a new position in ODDITY Tech in the 1st quarter valued at $190,000. PharVision Advisers LLC bought a new position in ODDITY Tech in the 4th quarter valued at $299,000. Finally, Blue Trust Inc. boosted its position in ODDITY Tech by 15.4% in the 1st quarter. Blue Trust Inc. now owns 7,573 shares of the company's stock valued at $328,000 after buying an additional 1,008 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Morgan Stanley increased their price objective on ODDITY Tech from $56.00 to $61.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Needham & Company LLC initiated coverage on ODDITY Tech in a research report on Thursday, August 28th. They issued a "buy" rating and a $72.00 price target on the stock. JPMorgan Chase & Co. raised their price target on ODDITY Tech from $63.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 3rd. Bank of America raised their price target on ODDITY Tech from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Finally, JMP Securities raised their price target on ODDITY Tech from $72.00 to $80.00 and gave the stock a "market outperform" rating in a research report on Tuesday, August 5th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $74.56.

ODDITY Tech Stock Performance

Shares of ODDITY Tech stock opened at $60.65 on Wednesday. The company has a market capitalization of $3.39 billion, a PE ratio of 33.69, a PEG ratio of 2.87 and a beta of 3.25. ODDITY Tech Ltd. has a 12 month low of $32.71 and a 12 month high of $79.18. 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 stock's fifty day simple moving average is $66.89 and its 200 day simple moving average is $58.84.

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