Wellington Management Group LLP Increases Stock Position in ODDITY Tech Ltd. $ODD

Key Points

• Wellington Management Group LLP increased its stake in ODDITY Tech Ltd. by 41.4% during the first quarter, now owning 165,406 shares valued at approximately $7.15 million.
• ODDITY Tech reported earnings of $0.92 per share, exceeding estimates, with revenues of $241.14 million—a 25.1% increase year-over-year.
• Analysts have a consensus rating of "Moderate Buy" for ODDITY Tech, with several firms raising their price targets significantly, including KeyCorp to $90.00.

Wellington Management Group LLP boosted its position in shares of ODDITY Tech Ltd. (NASDAQ:ODD - Free Report) by 41.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 165,406 shares of the company's stock after buying an additional 48,404 shares during the quarter. Wellington Management Group LLP owned approximately 0.30% of ODDITY Tech worth $7,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ODD. Janus Henderson Group PLC raised its holdings in ODDITY Tech by 71.9% during the 4th quarter. Janus Henderson Group PLC now owns 846,281 shares of the company's stock valued at $35,539,000 after buying an additional 354,083 shares during the last quarter. Baillie Gifford & Co. raised its holdings in ODDITY Tech by 4.8% during the 1st quarter. Baillie Gifford & Co. now owns 6,255,326 shares of the company's stock valued at $270,605,000 after buying an additional 285,745 shares during the last quarter. J. Goldman & Co LP raised its holdings in ODDITY Tech by 322.5% during the 4th quarter. J. Goldman & Co LP now owns 307,375 shares of the company's stock valued at $12,916,000 after buying an additional 234,625 shares during the last quarter. Granahan Investment Management LLC raised its holdings in ODDITY Tech by 15.9% during the 4th quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company's stock valued at $64,635,000 after buying an additional 211,485 shares during the last quarter. Finally, Bamco Inc. NY increased its position in ODDITY Tech by 14.7% during the 4th quarter. Bamco Inc. NY now owns 1,429,198 shares of the company's stock valued at $60,055,000 after purchasing an additional 183,152 shares during the period. 35.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ODD has been the topic of a number of research analyst reports. KeyCorp boosted their price objective on shares of ODDITY Tech from $65.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. boosted their price objective on shares of ODDITY Tech from $63.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, June 3rd. 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. Needham & Company LLC initiated coverage on shares of ODDITY Tech in a research report on Thursday. They set a "buy" rating and a $72.00 price objective on the stock. Finally, 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. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $74.56.

ODDITY Tech Stock Down 1.4%

Shares of NASDAQ:ODD traded down $0.84 during midday trading on Friday, reaching $60.21. The company's stock had a trading volume of 334,615 shares, compared to its average volume of 1,000,034. The firm has a market capitalization of $3.36 billion, a P/E ratio of 34.60, a PEG ratio of 2.87 and a beta of 3.25. The firm has a 50 day moving average of $67.43 and a 200-day moving average of $58.61. ODDITY Tech Ltd. has a 12-month low of $32.71 and a 12-month high of $79.18. The company has a quick ratio of 5.57, a current ratio of 6.32 and a debt-to-equity ratio of 1.66.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.04. The company had revenue of $241.14 million for the quarter, compared to analysts' expectations of $237.44 million. ODDITY Tech had a net margin of 14.65% and a return on equity of 32.17%. ODDITY Tech's revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous 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 anticipate that ODDITY Tech Ltd. will post 1.62 earnings per share for the current 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.