Two Sigma Advisers LP Sells 5,500 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Two Sigma Advisers LP lessened its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,500 shares of the company's stock after selling 5,500 shares during the quarter. Two Sigma Advisers LP owned approximately 0.05% of Oddity Tech worth $1,198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ODD. D.A. Davidson & CO. grew its holdings in shares of Oddity Tech by 1.1% during the fourth quarter. D.A. Davidson & CO. now owns 25,838 shares of the company's stock valued at $1,086,000 after buying an additional 273 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Oddity Tech by 17.6% during 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 in the last quarter. American Century Companies Inc. boosted its position in Oddity Tech by 5.1% during the fourth quarter. American Century Companies Inc. now owns 12,334 shares of the company's stock valued at $518,000 after buying an additional 593 shares during the period. Geode Capital Management LLC raised its position in Oddity Tech by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 64,440 shares of the company's stock valued at $2,708,000 after purchasing an additional 815 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC bought a new position in shares of Oddity Tech in the 4th quarter worth about $42,000. Institutional investors and hedge funds own 35.88% of the company's stock.

Analyst Ratings Changes

ODD has been the topic of a number of research reports. The Goldman Sachs Group raised their price target on Oddity Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. raised their target price on shares of Oddity Tech from $63.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday. KeyCorp cut their price target on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JMP Securities reissued a "market outperform" rating and set a $66.00 target price on shares of Oddity Tech in a research report on Tuesday, April 22nd. Finally, Barclays increased their price target 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Oddity Tech presently has a consensus rating of "Moderate Buy" and an average price target of $59.00.

Oddity Tech Stock Up 0.0%

Shares of ODD stock traded up $0.01 during trading hours on Wednesday, reaching $77.27. 552,336 shares of the company's stock were exchanged, compared to its average volume of 568,838. The stock has a market capitalization of $4.31 billion, a P/E ratio of 47.12, a P/E/G ratio of 1.48 and a beta of 3.44. Oddity Tech Ltd. has a fifty-two week low of $32.71 and a fifty-two week high of $79.18. The business has a fifty day moving average price of $55.52 and a 200-day moving average price of $48.47.

Oddity Tech (NASDAQ:ODD - Get Free Report) last announced 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 29.02% and a net margin of 16.32%. The company had revenue of $268.08 million during the quarter, compared to analysts' expectations of $260.71 million. During the same quarter last year, the company earned $0.61 EPS. Oddity Tech's revenue for the quarter was up 26.7% compared to the same quarter last year. As a group, research analysts expect that Oddity Tech Ltd. will post 1.62 EPS for the current fiscal year.

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.