Y.D. More Investments Ltd Purchases 22,600 Shares of ODDITY Tech Ltd. $ODD

Y.D. More Investments Ltd increased its position in ODDITY Tech Ltd. (NASDAQ:ODD) by 29.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,987 shares of the company’s stock after purchasing an additional 22,600 shares during the period. Y.D. More Investments Ltd owned approximately 0.18% of ODDITY Tech worth $6,136,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ODD. State of New Jersey Common Pension Fund D increased its position in shares of ODDITY Tech by 74.9% during the second quarter. State of New Jersey Common Pension Fund D now owns 14,323 shares of the company’s stock worth $1,081,000 after acquiring an additional 6,132 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of ODDITY Tech by 378.5% during the second quarter. JPMorgan Chase & Co. now owns 671,724 shares of the company’s stock valued at $50,695,000 after buying an additional 531,334 shares during the last quarter. Jennison Associates LLC bought a new stake in ODDITY Tech during the second quarter worth $423,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in ODDITY Tech during the 2nd quarter valued at $1,029,000. Finally, Entropy Technologies LP purchased a new position in ODDITY Tech during the 2nd quarter worth $679,000. Institutional investors own 35.88% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on ODD shares. Zacks Research lowered shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. KeyCorp reduced their price objective on ODDITY Tech from $70.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Wall Street Zen upgraded shares of ODDITY Tech from a “sell” rating to a “hold” rating in a research report on Sunday, November 30th. Barclays lowered their price objective on shares of ODDITY Tech from $64.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, November 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price target on shares of ODDITY Tech in a report on Thursday, November 20th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.40.

ODDITY Tech Stock Performance

Shares of NASDAQ:ODD traded up $1.24 during midday trading on Friday, reaching $31.83. 53,482 shares of the company traded hands, compared to its average volume of 1,031,668. The firm’s fifty day moving average price is $35.83 and its two-hundred day moving average price is $46.87. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 1.20 and a beta of 3.18. The company has a quick ratio of 6.42, a current ratio of 7.54 and a debt-to-equity ratio of 1.53. ODDITY Tech Ltd. has a 12 month low of $27.09 and a 12 month high of $79.18.

ODDITY Tech (NASDAQ:ODD) last posted its earnings results on Wednesday, November 19th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. ODDITY Tech had a return on equity of 31.68% and a net margin of 14.11%.The business had revenue of $147.90 million during the quarter, compared to analyst estimates of $145.44 million. During the same quarter in the previous year, the firm earned $0.32 EPS. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. On average, equities analysts expect that ODDITY Tech Ltd. will post 1.62 earnings per share for the current year.

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. The company sells beauty, hair, and skin products under the IL MAKIAGE and SpoiledChild brands.