Granahan Investment Management LLC Has $64.64 Million Stake in Oddity Tech Ltd. (NASDAQ:ODD)

Granahan Investment Management LLC raised its holdings in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,538,198 shares of the company's stock after purchasing an additional 211,485 shares during the period. Oddity Tech comprises 2.7% of Granahan Investment Management LLC's holdings, making the stock its 6th largest position. Granahan Investment Management LLC owned about 2.70% of Oddity Tech worth $64,635,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Oddity Tech in the fourth quarter worth about $42,000. R Squared Ltd purchased a new stake in shares of Oddity Tech in the fourth quarter valued at approximately $61,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Oddity Tech in the third quarter valued at approximately $99,000. Wells Fargo & Company MN lifted its position in Oddity Tech by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after buying an additional 449 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Oddity Tech in the 4th quarter valued at $246,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Oddity Tech Stock Up 1.3%

Shares of NASDAQ ODD traded up $0.81 during midday trading on Thursday, hitting $63.07. The company had a trading volume of 659,426 shares, compared to its average volume of 567,882. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 1.48 and a beta of 3.44. Oddity Tech Ltd. has a twelve month low of $32.71 and a twelve month high of $73.00. The business has a 50-day simple moving average of $47.85 and a two-hundred day simple moving average of $45.57.

Oddity Tech (NASDAQ:ODD - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share for the quarter, topping 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 company's revenue was up 26.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. On average, equities analysts forecast that Oddity Tech Ltd. will post 1.62 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ODD shares. KeyCorp reduced their price target on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Barclays boosted their target price on shares of Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Truist Financial raised their price target 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. Bank of America upped their target price on shares of Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group increased their price target on Oddity Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.