Oddity Tech Ltd. (NASDAQ:ODD) Shares Purchased by Ashford Capital Management Inc.

Ashford Capital Management Inc. raised its holdings in Oddity Tech Ltd. (NASDAQ:ODD) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 719,758 shares of the company’s stock after buying an additional 22,098 shares during the period. Oddity Tech comprises about 3.6% of Ashford Capital Management Inc.’s holdings, making the stock its 5th largest position. Ashford Capital Management Inc.’s holdings in Oddity Tech were worth $30,244,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ODD. Mark Sheptoff Financial Planning LLC acquired a new position in Oddity Tech during the fourth quarter worth approximately $42,000. R Squared Ltd acquired a new stake in Oddity Tech during the 4th quarter worth $61,000. Wells Fargo & Company MN grew its position in Oddity Tech by 17.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock worth $126,000 after purchasing an additional 449 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in Oddity Tech by 49.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,650 shares of the company’s stock valued at $153,000 after purchasing an additional 1,200 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Oddity Tech in the fourth quarter valued at $246,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

Oddity Tech Stock Performance

ODD opened at $64.05 on Tuesday. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 1.48 and a beta of 3.44. Oddity Tech Ltd. has a one year low of $32.71 and a one year high of $73.00. The business’s fifty day moving average is $49.00 and its two-hundred day moving average is $46.17.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The business had revenue of $268.08 million for the quarter, compared to analyst estimates of $260.71 million. During the same period in the previous year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 26.7% compared to the same quarter last year. On average, analysts predict that Oddity Tech Ltd. will post 1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ODD shares. KeyCorp cut their price target on Oddity Tech from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Bank of America raised 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. JPMorgan Chase & Co. dropped their price target on shares of 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 issued a $66.00 price target on shares of Oddity Tech in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group lifted their price target on Oddity Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Three research 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 company currently has an average 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.