Susquehanna Fundamental Investments LLC acquired a new position in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,840 shares of the company's stock, valued at approximately $329,000.
Other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB bought a new stake in Oddity Tech in the fourth quarter worth $797,000. Harbor Capital Advisors Inc. purchased a new stake in Oddity Tech during the 4th quarter valued at about $1,767,000. Penn Capital Management Company LLC bought a new position in Oddity Tech during the 4th quarter worth approximately $8,690,000. Geode Capital Management LLC grew its position in Oddity Tech by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 63,625 shares of the company's stock worth $2,569,000 after acquiring an additional 750 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Oddity Tech by 33.2% in the 4th quarter. Blue Trust Inc. now owns 6,437 shares of the company's stock worth $260,000 after purchasing an additional 1,603 shares during the period. 35.88% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
ODD has been the subject of a number of analyst reports. JMP Securities reissued a "market outperform" rating and set a $66.00 price objective on shares of Oddity Tech in a research note on Tuesday, April 22nd. KeyCorp cut their price target on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Truist Financial upped their price objective on shares of Oddity Tech from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday. Bank of America raised their target price on Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. lowered their price target on Oddity Tech from $56.00 to $50.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Three investment 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 a consensus target price of $54.63.
Read Our Latest Analysis on Oddity Tech
Oddity Tech Stock Performance
Oddity Tech stock opened at $63.26 on Monday. Oddity Tech Ltd. has a fifty-two week low of $30.34 and a fifty-two week high of $65.42. The stock's 50 day simple moving average is $44.56 and its two-hundred day simple moving average is $44.16. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 1.48 and a beta of 3.44.
Oddity Tech (NASDAQ:ODD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.63 by $0.06. The business had revenue of $268.08 million during the quarter, compared to analyst estimates 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 for the quarter was up 26.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 earnings per share. On average, analysts predict that Oddity Tech Ltd. will post 1.62 earnings per share for the current year.
Oddity Tech Profile
(
Free Report)
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.
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