Tempus Wealth Planning LLC Buys Shares of 8,533 ODDITY Tech Ltd. (NASDAQ:ODD)

Key Points

• Tempus Wealth Planning LLC has acquired a new stake in ODDITY Tech Ltd., purchasing 8,533 shares valued at approximately $369,000 during the first quarter.
• ODDITY Tech reported an earnings per share (EPS) of $0.69 for the last quarter, surpassing analysts' expectations of $0.63, with a year-over-year revenue increase of 26.7%.
• Several analysts have raised their price targets for ODDITY Tech, with JPMorgan Chase setting a new target at $85.00 and Bank of America at $80.00, giving the stock an overall "Moderate Buy" rating.

Tempus Wealth Planning LLC bought a new stake in ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,533 shares of the company's stock, valued at approximately $369,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Granahan Investment Management LLC increased its position in ODDITY Tech by 15.9% in the fourth quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company's stock worth $64,635,000 after purchasing an additional 211,485 shares during the period. Bamco Inc. NY increased its position in ODDITY Tech by 14.7% in the fourth quarter. Bamco Inc. NY now owns 1,429,198 shares of the company's stock worth $60,055,000 after purchasing an additional 183,152 shares during the period. Capital International Investors increased its position in ODDITY Tech by 29.5% in the fourth quarter. Capital International Investors now owns 1,365,744 shares of the company's stock worth $57,389,000 after purchasing an additional 311,401 shares during the period. Massachusetts Financial Services Co. MA increased its position in ODDITY Tech by 0.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,289,493 shares of the company's stock worth $55,783,000 after purchasing an additional 6,419 shares during the period. Finally, Janus Henderson Group PLC increased its position in ODDITY Tech by 71.9% in the fourth quarter. Janus Henderson Group PLC now owns 846,281 shares of the company's stock worth $35,539,000 after purchasing an additional 354,083 shares during the period. 35.88% of the stock is currently owned by institutional investors and hedge funds.

ODDITY Tech Price Performance

Shares of ODDITY Tech stock traded down $1.54 during trading on Friday, hitting $67.89. 619,044 shares of the company were exchanged, compared to its average volume of 908,296. ODDITY Tech Ltd. has a 1-year low of $32.71 and a 1-year high of $79.18. The firm has a market capitalization of $3.79 billion, a P/E ratio of 40.17, a price-to-earnings-growth ratio of 3.17 and a beta of 3.30. The firm's fifty day moving average price is $72.10 and its 200 day moving average price is $55.54.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.69 earnings per share 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 business had revenue of $268.08 million for the quarter, compared to analysts' expectations of $260.71 million. During the same quarter in the previous year, the business posted $0.61 EPS. ODDITY Tech's revenue for the quarter was up 26.7% on a year-over-year basis. As a group, equities research analysts anticipate that ODDITY Tech Ltd. will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on ODD shares. The Goldman Sachs Group lifted their price objective on ODDITY Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Truist Financial lifted their price objective on ODDITY Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. JMP Securities restated a "market outperform" rating and set a $66.00 target price on shares of ODDITY Tech in a research report on Tuesday, April 22nd. Bank of America boosted their target price 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, Barclays boosted their target price on ODDITY Tech from $60.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.13.

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.