Sigma Planning Corp Buys Shares of 4,932 ODDITY Tech Ltd. $ODD

Sigma Planning Corp purchased a new position in ODDITY Tech Ltd. (NASDAQ:ODD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,932 shares of the company’s stock, valued at approximately $372,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. WD Rutherford LLC acquired a new stake in shares of ODDITY Tech in the 2nd quarter worth $48,000. Assetmark Inc. purchased a new stake in ODDITY Tech in the second quarter valued at about $54,000. Deutsche Bank AG boosted 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 acquiring an additional 528 shares in the last quarter. Blair William & Co. IL purchased a new stake in shares of ODDITY Tech during the second quarter worth about $204,000. Finally, Diversified Trust Co purchased a new stake in shares of ODDITY Tech during the second quarter worth about $205,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

ODDITY Tech Trading Down 2.5%

NASDAQ ODD opened at $38.97 on Monday. ODDITY Tech Ltd. has a 1 year low of $35.30 and a 1 year high of $79.18. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.32 and a quick ratio of 5.57. The company has a market capitalization of $2.18 billion, a PE ratio of 21.65, a P/E/G ratio of 1.85 and a beta of 3.16. The company has a fifty day moving average of $55.10 and a 200 day moving average of $62.95.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Jefferies Financial Group initiated coverage on shares of ODDITY Tech in a research note on Wednesday, September 24th. They issued a “buy” rating and a $78.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of ODDITY Tech in a research note on Wednesday, October 8th. Morgan Stanley boosted their price objective on shares of ODDITY Tech from $56.00 to $61.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Barclays raised their target price on ODDITY Tech from $60.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 15th. Finally, Truist Financial lifted their price target on ODDITY Tech from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, ODDITY Tech currently has a consensus rating of “Moderate Buy” and an average target price of $73.90.

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.