TD Asset Management Inc Invests $464,000 in ODDITY Tech Ltd. $ODD

Key Points

• TD Asset Management Inc invested approximately $464,000 by acquiring 6,153 shares in ODDITY Tech Ltd, highlighting growing institutional interest in the company.
• ODDITY Tech reported a quarterly earnings per share (EPS) of $0.92, exceeding estimates and showing a revenue increase of 25.1% year-over-year to $241.14 million.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for ODDITY Tech, with the average price target set at $73.90, reflecting expectations for future growth.

TD Asset Management Inc purchased a new position in shares of ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,153 shares of the company's stock, valued at approximately $464,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ODD. Janney Montgomery Scott LLC bought a new position in shares of ODDITY Tech during the first quarter worth $400,000. Allspring Global Investments Holdings LLC bought a new position in shares of ODDITY Tech during the first quarter worth $3,904,000. Peregrine Capital Management LLC boosted its position in shares of ODDITY Tech by 3.6% during the first quarter. Peregrine Capital Management LLC now owns 151,375 shares of the company's stock worth $6,548,000 after purchasing an additional 5,220 shares in the last quarter. Acuitas Investments LLC bought a new stake in ODDITY Tech in the 1st quarter valued at $839,000. Finally, Teacher Retirement System of Texas lifted its position in ODDITY Tech by 81.1% in the 1st quarter. Teacher Retirement System of Texas now owns 15,287 shares of the company's stock valued at $661,000 after acquiring an additional 6,845 shares in the last quarter. 35.88% of the stock is owned by institutional investors.

ODDITY Tech Stock Down 3.9%

Shares of ODD stock opened at $47.12 on Friday. The company has a current ratio of 6.32, a quick ratio of 5.57 and a debt-to-equity ratio of 1.66. ODDITY Tech Ltd. has a 1 year low of $35.30 and a 1 year high of $79.18. The firm's fifty day moving average price is $58.74 and its two-hundred day moving average price is $62.30. The firm has a market capitalization of $2.63 billion, a P/E ratio of 26.18, a PEG ratio of 2.33 and a beta of 3.21.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.92 earnings per share (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 firm had revenue of $241.14 million for the quarter, compared to analyst estimates of $237.44 million. During the same period in the previous year, the business earned $0.82 EPS. The company'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. On average, equities analysts predict that ODDITY Tech Ltd. will post 1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ODD shares. Barclays boosted their price objective on shares of ODDITY Tech from $60.00 to $73.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of ODDITY Tech in a research report on Wednesday, October 8th. Zacks Research cut shares of ODDITY Tech from a "hold" rating to a "strong sell" rating in a research report on Monday, October 6th. Bank of America boosted their price objective on shares of ODDITY Tech from $68.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Needham & Company LLC started coverage on shares of ODDITY Tech in a research report on Thursday, August 28th. They issued a "buy" rating and a $72.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, ODDITY Tech presently has a consensus rating of "Moderate Buy" and an average price target of $73.90.

About ODDITY Tech

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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