Gotham Asset Management LLC Reduces Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Gotham Asset Management LLC trimmed its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 31.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,432 shares of the company's stock after selling 16,400 shares during the quarter. Gotham Asset Management LLC owned about 0.06% of Oddity Tech worth $1,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Capital International Investors increased its stake in Oddity Tech by 29.5% in the fourth quarter. Capital International Investors now owns 1,365,744 shares of the company's stock valued at $57,389,000 after acquiring an additional 311,401 shares during the last quarter. Norges Bank purchased a new position in shares of Oddity Tech in the 4th quarter worth about $9,470,000. Granahan Investment Management LLC increased its position in shares of 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 purchasing an additional 211,485 shares during the last quarter. Penn Capital Management Company LLC bought a new position in shares of Oddity Tech during the 4th quarter valued at about $8,690,000. Finally, Bamco Inc. NY raised its holdings in shares of 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 buying an additional 183,152 shares in the last quarter. 35.88% of the stock is currently owned by institutional investors.

Oddity Tech Price Performance

Oddity Tech stock traded up $2.74 during trading hours on Thursday, reaching $67.55. The stock had a trading volume of 596,195 shares, compared to its average volume of 716,353. The company has a fifty day simple moving average of $49.77 and a 200-day simple moving average of $46.43. Oddity Tech Ltd. has a 52 week low of $32.71 and a 52 week high of $73.00. The stock has a market cap of $3.77 billion, a PE ratio of 41.15, a PEG ratio of 1.48 and a beta of 3.44.

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

Wall Street Analyst Weigh In

ODD has been the subject of several research reports. Bank of America upped their target price on Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Truist Financial boosted their price objective on shares of Oddity Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. reduced their target price on shares of Oddity Tech from $56.00 to $50.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Barclays boosted their price target on shares of Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group raised their price objective on Oddity Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $54.63.

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.