PDT Partners LLC Sells 10,244 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

PDT Partners LLC trimmed its position in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,366 shares of the company's stock after selling 10,244 shares during the period. PDT Partners LLC owned approximately 0.14% of Oddity Tech worth $3,419,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ODD. Geode Capital Management LLC raised its holdings in shares of Oddity Tech by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 63,625 shares of the company's stock valued at $2,569,000 after purchasing an additional 750 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Oddity Tech during the 3rd quarter worth approximately $99,000. Nordea Investment Management AB bought a new stake in Oddity Tech in the 4th quarter valued at $797,000. Harbor Capital Advisors Inc. acquired a new stake in Oddity Tech during the 4th quarter valued at $1,767,000. Finally, Moody National Bank Trust Division boosted its position in Oddity Tech by 12.6% during the fourth quarter. Moody National Bank Trust Division now owns 92,696 shares of the company's stock worth $3,895,000 after purchasing an additional 10,338 shares during the period. 35.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ODD has been the subject of a number of research reports. Bank of America lifted their target price on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. The Goldman Sachs Group increased their target price on Oddity Tech from $47.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday. Barclays boosted their price target on Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Truist Financial lifted their target price on Oddity Tech from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday. Finally, JMP Securities restated a "market outperform" rating and issued a $66.00 price target on shares of Oddity Tech in a research note on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Oddity Tech currently has an average rating of "Moderate Buy" and an average target price of $54.63.

Oddity Tech Stock Down 1.0 %

Oddity Tech stock traded down $0.63 during mid-day trading on Friday, hitting $63.26. 2,017,099 shares of the stock were exchanged, compared to its average volume of 548,315. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 1.48 and a beta of 3.44. The firm's fifty day simple moving average is $44.56 and its two-hundred day simple moving average is $44.13. Oddity Tech Ltd. has a 12 month low of $30.34 and a 12 month high of $65.42.

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, topping analysts' consensus estimates of $0.63 by $0.06. The company had revenue of $268.08 million for the quarter, compared to the consensus estimate of $260.71 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The firm's quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. As a group, analysts forecast that Oddity Tech Ltd. will post 1.62 earnings per share for the current fiscal year.

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.