UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in Oddity Tech Ltd. (NASDAQ:ODD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 10.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 65,535 shares of the company's stock after purchasing an additional 6,431 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of Oddity Tech worth $2,754,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Oddity Tech in the fourth quarter valued at approximately $42,000. Wells Fargo & Company MN boosted its stake in shares of Oddity Tech by 17.6% in 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 period. Wilmington Savings Fund Society FSB boosted its stake in shares of Oddity Tech by 49.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,650 shares of the company's stock valued at $153,000 after buying an additional 1,200 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Oddity Tech in the fourth quarter valued at approximately $246,000. Finally, Blue Trust Inc. boosted its stake in shares of Oddity Tech by 35.8% in the fourth quarter. Blue Trust Inc. now owns 6,565 shares of the company's stock valued at $276,000 after buying an additional 1,731 shares during the period. Institutional investors own 35.88% of the company's stock.

Oddity Tech Trading Up 0.3%

Shares of Oddity Tech stock traded up $0.26 on Friday, hitting $77.35. 899,054 shares of the company traded hands, compared to its average volume of 573,049. The firm's 50-day simple moving average is $56.85 and its 200 day simple moving average is $48.98. The company has a market cap of $4.32 billion, a P/E ratio of 47.16, a P/E/G ratio of 1.48 and a beta of 3.44. Oddity Tech Ltd. has a 12-month low of $32.71 and a 12-month high of $79.18.

Oddity Tech (NASDAQ:ODD - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.06. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The company had revenue of $268.08 million for the quarter, compared to analysts' expectations of $260.71 million. During the same quarter last year, the company earned $0.61 EPS. The firm's revenue was up 26.7% compared to the same quarter last year. Analysts predict that Oddity Tech Ltd. will post 1.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Oddity Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. KeyCorp lowered their price objective on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Bank of America boosted their price objective on shares of Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Barclays boosted their price objective on shares of Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Finally, Truist Financial boosted their price objective on shares of Oddity Tech from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $59.00.

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.