Oddity Tech Ltd. (NASDAQ:ODD) Shares Bought by J. Goldman & Co LP

J. Goldman & Co LP increased its holdings in Oddity Tech Ltd. (NASDAQ:ODD) by 322.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 307,375 shares of the company’s stock after buying an additional 234,625 shares during the period. J. Goldman & Co LP’s holdings in Oddity Tech were worth $12,916,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ODD. Janus Henderson Group PLC boosted its position in Oddity Tech by 71.9% during the 4th quarter. Janus Henderson Group PLC now owns 846,281 shares of the company’s stock valued at $35,539,000 after purchasing an additional 354,083 shares during the period. Granahan Investment Management LLC boosted its holdings in shares of Oddity Tech by 15.9% during the fourth quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company’s stock valued at $64,635,000 after acquiring an additional 211,485 shares during the period. Centiva Capital LP boosted its holdings in shares of Oddity Tech by 49.5% during the fourth quarter. Centiva Capital LP now owns 14,389 shares of the company’s stock valued at $605,000 after acquiring an additional 4,765 shares during the period. Bamco Inc. NY grew its position in shares of Oddity Tech by 14.7% during the fourth quarter. Bamco Inc. NY now owns 1,429,198 shares of the company’s stock worth $60,055,000 after acquiring an additional 183,152 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Oddity Tech in the 4th quarter worth about $3,956,000. Institutional investors own 35.88% of the company’s stock.

Oddity Tech Stock Performance

Shares of ODD stock opened at $71.00 on Friday. The business’s fifty day moving average is $46.70 and its 200-day moving average is $45.08. Oddity Tech Ltd. has a 1 year low of $32.71 and a 1 year high of $71.07. The stock has a market cap of $3.96 billion, a PE ratio of 43.29, a price-to-earnings-growth ratio of 1.48 and a beta of 3.44.

Oddity Tech (NASDAQ:ODD) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The company had revenue of $268.08 million during 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%. Oddity Tech’s revenue was up 26.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 EPS. Equities research analysts predict that Oddity Tech Ltd. will post 1.62 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on ODD. JPMorgan Chase & Co. decreased their target price on shares of Oddity Tech from $56.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Barclays increased their price objective on Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. JMP Securities restated a “market outperform” rating and issued a $66.00 target price on shares of Oddity Tech in a research report on Tuesday, April 22nd. The Goldman Sachs Group boosted their price target on Oddity Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Finally, Bank of America raised their price target on Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Oddity Tech has a consensus rating of “Moderate Buy” and an average target price of $54.63.

Oddity Tech Company 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.