Y.D. More Investments Ltd Sells 16,620 Shares of ODDITY Tech Ltd. $ODD

Y.D. More Investments Ltd lessened its position in ODDITY Tech Ltd. (NASDAQ:ODD) by 17.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 77,387 shares of the company’s stock after selling 16,620 shares during the period. Y.D. More Investments Ltd owned 0.14% of ODDITY Tech worth $5,840,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ODD. Deutsche Bank AG lifted its holdings in ODDITY Tech by 65.0% in the 1st 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 period. WD Rutherford LLC bought a new position in shares of ODDITY Tech during the second quarter valued at approximately $48,000. Assetmark Inc. purchased a new stake in ODDITY Tech in the second quarter worth $54,000. Police & Firemen s Retirement System of New Jersey boosted its holdings in ODDITY Tech by 14.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 8,650 shares of the company’s stock valued at $653,000 after acquiring an additional 1,096 shares in the last quarter. Finally, KLP Kapitalforvaltning AS raised its holdings in ODDITY Tech by 8.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 14,800 shares of the company’s stock worth $1,117,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

ODDITY Tech Price Performance

ODD stock opened at $38.73 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 5.57 and a current ratio of 6.32. The firm has a 50 day moving average price of $52.94 and a 200-day moving average price of $62.64. ODDITY Tech Ltd. has a 52-week low of $35.30 and a 52-week high of $79.18. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 1.84 and a beta of 3.15.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ODD shares. Jefferies Financial Group assumed coverage on shares of ODDITY Tech in a research note on Wednesday, September 24th. They set a “buy” rating and a $78.00 target price on the stock. Needham & Company LLC assumed coverage on shares of ODDITY Tech in a report on Thursday, August 28th. They issued a “buy” rating and a $72.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ODDITY Tech in a research report on Wednesday, October 8th. Truist Financial increased their target price on ODDITY Tech from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Finally, JMP Securities restated a “market outperform” rating and issued a $80.00 target price on shares of ODDITY Tech in a research note on Tuesday, September 23rd. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, ODDITY Tech currently has an average rating of “Moderate Buy” and an average price target of $73.90.

About ODDITY Tech

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.