Oddity Tech Ltd. (NASDAQ:ODD) Position Increased by J. Goldman & Co LP

J. Goldman & Co LP increased its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 322.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 307,375 shares of the company's stock after purchasing an additional 234,625 shares during the period. J. Goldman & Co LP owned 0.54% of Oddity Tech worth $12,916,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nordea Investment Management AB acquired a new position in Oddity Tech during the fourth quarter worth about $797,000. Harbor Capital Advisors Inc. acquired a new position in Oddity Tech in the 4th quarter valued at about $1,767,000. Penn Capital Management Company LLC acquired a new position in Oddity Tech in the 4th quarter valued at about $8,690,000. Susquehanna Fundamental Investments LLC acquired a new position in Oddity Tech in the 4th quarter valued at about $329,000. Finally, Wells Fargo & Company MN boosted its holdings in Oddity Tech by 17.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock valued at $126,000 after purchasing an additional 449 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors.

Oddity Tech Trading Up 1.6%

ODD traded up $0.99 on Thursday, reaching $63.25. The company had a trading volume of 1,222,571 shares, compared to its average volume of 568,764. The company has a fifty day moving average of $47.85 and a 200-day moving average of $45.57. The company has a market capitalization of $3.53 billion, a P/E ratio of 38.57, a PEG ratio of 1.48 and a beta of 3.44. Oddity Tech Ltd. has a one year low of $32.71 and a one year high of $73.00.

Oddity Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $260.71 million. During the same period in the prior year, the company earned $0.61 EPS. Oddity Tech's revenue was up 26.7% on a year-over-year basis. Research analysts predict that Oddity Tech Ltd. will post 1.62 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ODD shares. The Goldman Sachs Group boosted their price target on shares of Oddity Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. cut their target price on shares of Oddity Tech from $56.00 to $50.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial upped their target price on shares of Oddity Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Barclays upped their target price 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, Bank of America upped their target price on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $54.63.

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.