Massachusetts Financial Services Co. MA Purchases 6,419 Shares of ODDITY Tech Ltd. (NASDAQ:ODD)

Massachusetts Financial Services Co. MA increased its holdings in ODDITY Tech Ltd. (NASDAQ:ODD) by 0.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,289,493 shares of the company’s stock after acquiring an additional 6,419 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in ODDITY Tech were worth $55,783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew its stake in ODDITY Tech by 71.9% in the 4th quarter. Janus Henderson Group PLC now owns 846,281 shares of the company’s stock valued at $35,539,000 after acquiring an additional 354,083 shares during the period. Capital International Investors raised its holdings in 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 buying an additional 311,401 shares during the period. J. Goldman & Co LP raised its holdings in ODDITY Tech by 322.5% in the 4th quarter. J. Goldman & Co LP now owns 307,375 shares of the company’s stock valued at $12,916,000 after buying an additional 234,625 shares during the period. Norges Bank purchased a new stake in ODDITY Tech during the fourth quarter worth about $9,470,000. Finally, Granahan Investment Management LLC increased its stake in ODDITY Tech by 15.9% during the fourth quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company’s stock worth $64,635,000 after purchasing an additional 211,485 shares during the period. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Wall Street Analysts Forecast Growth

ODD has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on ODDITY Tech from $63.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, June 3rd. KeyCorp raised their price objective on ODDITY Tech from $65.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday. Truist Financial raised their price objective on ODDITY Tech from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. The Goldman Sachs Group raised their target price on ODDITY Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $66.00 price target on shares of ODDITY Tech in a report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.13.

ODDITY Tech Stock Down 4.3%

Shares of NASDAQ ODD opened at $70.81 on Friday. The company has a market capitalization of $3.95 billion, a PE ratio of 40.70, a PEG ratio of 3.45 and a beta of 3.30. The stock’s 50 day moving average price is $71.56 and its 200-day moving average price is $54.35. ODDITY Tech Ltd. has a twelve month low of $32.71 and a twelve month high of $79.18.

ODDITY Tech (NASDAQ:ODD) last released its 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. ODDITY Tech had a net margin of 15.12% and a return on equity of 30.67%. The company had revenue of $268.08 million for the quarter, compared to analysts’ expectations of $260.71 million. During the same quarter in the previous year, the company earned $0.61 EPS. ODDITY Tech’s revenue for the quarter was up 26.7% on a year-over-year basis. As a group, research analysts expect that ODDITY Tech Ltd. will post 1.62 EPS for the current fiscal year.

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.