Penn Capital Management Company LLC Invests $8.69 Million in Oddity Tech Ltd. (NASDAQ:ODD)

Penn Capital Management Company LLC acquired a new position in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 206,806 shares of the company's stock, valued at approximately $8,690,000. Penn Capital Management Company LLC owned about 0.36% of Oddity Tech at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hood River Capital Management LLC raised its position in shares of Oddity Tech by 1.6% during the 4th quarter. Hood River Capital Management LLC now owns 729,536 shares of the company's stock valued at $30,655,000 after buying an additional 11,711 shares during the period. TD Waterhouse Canada Inc. raised its position in Oddity Tech by 1.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 98,121 shares of the company's stock valued at $4,103,000 after purchasing an additional 1,014 shares during the period. Capital International Investors lifted 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 valued at $57,389,000 after purchasing an additional 311,401 shares during the last quarter. Altshuler Shaham Ltd purchased a new position in shares of Oddity Tech during the 4th quarter worth $959,000. Finally, Marshall Wace LLP raised its holdings in Oddity Tech by 53.6% in the 4th quarter. Marshall Wace LLP now owns 194,901 shares of the company's stock valued at $8,190,000 after buying an additional 68,020 shares during the period. 35.88% of the stock is owned by hedge funds and other institutional investors.

Oddity Tech Stock Up 2.6 %

Oddity Tech stock traded up $1.19 during midday trading on Tuesday, reaching $46.25. The company's stock had a trading volume of 245,594 shares, compared to its average volume of 511,549. The company has a market cap of $2.58 billion, a P/E ratio of 28.20, a P/E/G ratio of 1.48 and a beta of 3.73. The business has a 50-day simple moving average of $43.39 and a 200-day simple moving average of $43.65. Oddity Tech Ltd. has a fifty-two week low of $30.34 and a fifty-two week high of $51.00.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. KeyCorp lowered their target price on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. decreased 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. JMP Securities reissued a "market outperform" rating and set a $66.00 price target on shares of Oddity Tech in a research report on Tuesday, April 22nd. Barclays raised their price target on shares of Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Finally, Bank of America increased their price objective on Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $53.25.

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.