Catalyst Capital Advisors LLC trimmed its stake in ODDITY Tech Ltd. (NASDAQ:ODD – Free Report) by 30.5% in the second quarter, Holdings Channel.com reports. The firm owned 11,380 shares of the company’s stock after selling 5,000 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in ODDITY Tech were worth $859,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in ODD. WD Rutherford LLC purchased a new stake in shares of ODDITY Tech in the second quarter worth approximately $48,000. Deutsche Bank AG increased its holdings in ODDITY Tech by 65.0% in the first quarter. Deutsche Bank AG now owns 1,340 shares of the company’s stock worth $58,000 after buying an additional 528 shares during the last quarter. Federated Hermes Inc. acquired a new position in ODDITY Tech in the first quarter worth approximately $190,000. Blair William & Co. IL acquired a new position in ODDITY Tech in the second quarter worth approximately $204,000. Finally, Diversified Trust Co acquired a new position in ODDITY Tech in the second quarter worth approximately $205,000. 35.88% of the stock is owned by hedge funds and other institutional investors.
ODDITY Tech Stock Down 3.9%
ODD opened at $47.12 on Friday. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 2.33 and a beta of 3.21. ODDITY Tech Ltd. has a 1-year low of $35.30 and a 1-year high of $79.18. The business has a 50 day moving average of $58.74 and a 200-day moving average of $62.30. The company has a current ratio of 6.32, a quick ratio of 5.57 and a debt-to-equity ratio of 1.66.
Analyst Upgrades and Downgrades
A number of research firms recently commented on ODD. KeyCorp dropped their price objective on ODDITY Tech from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. JMP Securities restated a “market outperform” rating and issued a $80.00 price objective on shares of ODDITY Tech in a report on Tuesday, September 23rd. Jefferies Financial Group began coverage on ODDITY Tech in a report on Wednesday, September 24th. They issued a “buy” rating and a $78.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of ODDITY Tech in a report on Wednesday, October 8th. Finally, Needham & Company LLC began coverage on ODDITY Tech in a report on Thursday, August 28th. They issued a “buy” rating and a $72.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.90.
View Our Latest Stock Analysis on ODD
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.
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