Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys Shares of 5,862 Oddity Tech Ltd. (NASDAQ:ODD)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Oddity Tech Ltd. (NASDAQ:ODD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,862 shares of the company’s stock, valued at approximately $246,000.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new stake in shares of Oddity Tech during the 3rd quarter valued at $12,085,000. New York State Common Retirement Fund increased its position in shares of Oddity Tech by 18,799.2% during the fourth quarter. New York State Common Retirement Fund now owns 144,390 shares of the company’s stock valued at $6,067,000 after buying an additional 143,626 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Oddity Tech by 11.1% in the third quarter. Janus Henderson Group PLC now owns 492,198 shares of the company’s stock worth $19,877,000 after buying an additional 49,101 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Oddity Tech in the fourth quarter valued at approximately $1,767,000. Finally, PDT Partners LLC grew its stake in Oddity Tech by 39.2% during the third quarter. PDT Partners LLC now owns 91,610 shares of the company’s stock valued at $3,699,000 after acquiring an additional 25,789 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Wall Street Analyst Weigh In

ODD has been the topic of several recent analyst reports. Bank of America increased 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. The Goldman Sachs Group started coverage on Oddity Tech in a report on Friday, December 13th. They set a “neutral” rating and a $48.00 price objective for the company. Morgan Stanley raised their target price on shares of Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. assumed coverage on shares of Oddity Tech in a research report on Friday, January 31st. They set an “overweight” rating and a $55.00 target price for the company. Finally, KeyCorp increased their price target on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

Oddity Tech Stock Performance

Shares of Oddity Tech stock opened at $43.61 on Friday. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.48 and a beta of 4.20. The company has a fifty day moving average of $44.71 and a 200-day moving average of $42.86. Oddity Tech Ltd. has a 52-week low of $30.34 and a 52-week high of $51.00.

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.