Janus Henderson Group PLC Grows Stake in Oddity Tech Ltd. (NASDAQ:ODD)

Janus Henderson Group PLC lifted its position in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 71.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 846,281 shares of the company's stock after buying an additional 354,083 shares during the period. Janus Henderson Group PLC owned approximately 1.49% of Oddity Tech worth $35,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Granahan Investment Management LLC boosted its stake in shares of Oddity Tech by 15.9% in the 4th quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company's stock worth $64,635,000 after buying an additional 211,485 shares during the last quarter. Bamco Inc. NY boosted its stake in shares of Oddity Tech by 14.7% in the 4th quarter. Bamco Inc. NY now owns 1,429,198 shares of the company's stock worth $60,055,000 after buying an additional 183,152 shares during the last quarter. Capital International Investors boosted its stake in shares of Oddity Tech by 29.5% in the 4th quarter. Capital International Investors now owns 1,365,744 shares of the company's stock worth $57,389,000 after buying an additional 311,401 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Oddity Tech by 0.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,283,074 shares of the company's stock worth $53,915,000 after buying an additional 11,716 shares during the last quarter. Finally, Hood River Capital Management LLC boosted its stake in shares of Oddity Tech by 1.6% in the 4th quarter. Hood River Capital Management LLC now owns 729,536 shares of the company's stock worth $30,655,000 after buying an additional 11,711 shares during the last quarter. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Oddity Tech Stock Up 3.5%

NASDAQ:ODD opened at $62.26 on Thursday. The business's 50-day simple moving average is $47.85 and its two-hundred day simple moving average is $45.57. The stock has a market cap of $3.48 billion, a PE ratio of 37.96, a P/E/G ratio of 1.48 and a beta of 3.44. Oddity Tech Ltd. has a 52 week low of $32.71 and a 52 week high of $73.00.

Oddity Tech (NASDAQ:ODD - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.06. The business 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%. The business'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. Sell-side analysts anticipate that Oddity Tech Ltd. will post 1.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ODD has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on Oddity Tech from $56.00 to $50.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group raised their target price on Oddity Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Truist Financial raised their target price on Oddity Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. KeyCorp decreased their target price on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Bank of America raised their target price on Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $54.63.

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.

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