Y.D. More Investments Ltd Boosts Position in Oddity Tech Ltd. (NASDAQ:ODD)

Y.D. More Investments Ltd raised its holdings in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 399,550 shares of the company's stock after purchasing an additional 39,000 shares during the quarter. Oddity Tech accounts for approximately 3.7% of Y.D. More Investments Ltd's investment portfolio, making the stock its 5th biggest holding. Y.D. More Investments Ltd owned 0.71% of Oddity Tech worth $18,591,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. TD Asset Management Inc acquired a new position in shares of Oddity Tech in the third quarter worth about $261,000. New York State Common Retirement Fund acquired a new position in shares of Oddity Tech in the third quarter worth about $507,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Oddity Tech in the third quarter worth about $22,503,000. Ibex Investors LLC acquired a new position in shares of Oddity Tech in the third quarter worth about $2,855,000. Finally, Maven Securities LTD acquired a new position in shares of Oddity Tech in the third quarter worth about $1,276,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

Oddity Tech Price Performance

NASDAQ ODD traded up $0.36 during trading hours on Wednesday, hitting $32.90. 640,408 shares of the company's stock traded hands, compared to its average volume of 828,243. Oddity Tech Ltd. has a 52-week low of $24.12 and a 52-week high of $56.00. The company has a market capitalization of $1.87 billion and a PE ratio of 32.26. The firm's 50-day moving average is $39.71 and its 200-day moving average is $38.73.

Oddity Tech (NASDAQ:ODD - Get Free Report) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Oddity Tech had a net margin of 11.51% and a return on equity of 26.22%. The business had revenue of $97.25 million during the quarter, compared to analysts' expectations of $86.38 million. Equities research analysts predict that Oddity Tech Ltd. will post 1.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JMP Securities reiterated a "market outperform" rating and issued a $66.00 price objective on shares of Oddity Tech in a research report on Thursday, March 7th. Evercore ISI began coverage on shares of Oddity Tech in a research report on Thursday, April 4th. They set an "outperform" rating and a $57.00 price target for the company. Bank of America upped their price target on shares of Oddity Tech from $44.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, March 7th. Morgan Stanley upped their price target on shares of Oddity Tech from $35.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 7th. Finally, Barclays reduced their price target on shares of Oddity Tech from $46.00 to $44.00 and set an "equal weight" rating for the company in a research report on Friday, April 12th. Three equities research 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, Oddity Tech currently has a consensus rating of "Moderate Buy" and an average target price of $53.63.

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.