Ibex Investors LLC Makes New $2.18 Million Investment in ODDITY Tech Ltd. $ODD

Ibex Investors LLC acquired a new position in shares of ODDITY Tech Ltd. (NASDAQ:ODD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 54,300 shares of the company’s stock, valued at approximately $2,182,000. ODDITY Tech makes up about 1.5% of Ibex Investors LLC’s investment portfolio, making the stock its 9th biggest position. Ibex Investors LLC owned 0.10% of ODDITY Tech at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ODD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of ODDITY Tech by 16.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,117 shares of the company’s stock worth $3,293,000 after purchasing an additional 10,582 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of ODDITY Tech by 12.9% in the second quarter. Geode Capital Management LLC now owns 75,063 shares of the company’s stock worth $5,660,000 after acquiring an additional 8,561 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of ODDITY Tech in the second quarter worth about $71,000. American Century Companies Inc. lifted its stake in shares of ODDITY Tech by 17.3% in the second quarter. American Century Companies Inc. now owns 14,300 shares of the company’s stock worth $1,079,000 after acquiring an additional 2,105 shares in the last quarter. Finally, Invesco Ltd. acquired a new position in shares of ODDITY Tech in the second quarter worth about $327,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

ODDITY Tech Price Performance

Shares of ODDITY Tech stock opened at $9.81 on Monday. The company has a quick ratio of 2.86, a current ratio of 4.06 and a debt-to-equity ratio of 1.96. The firm has a market cap of $564.81 million, a P/E ratio of 12.42, a P/E/G ratio of 1.28 and a beta of 2.47. ODDITY Tech Ltd. has a fifty-two week low of $9.25 and a fifty-two week high of $78.20. The business has a 50-day moving average price of $13.66 and a 200 day moving average price of $25.41.

ODDITY Tech (NASDAQ:ODD) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The firm had revenue of $197.94 million during the quarter, compared to the consensus estimate of $187.87 million. ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. The firm’s quarterly revenue was down 26.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. On average, sell-side analysts forecast that ODDITY Tech Ltd. will post 0.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on ODD. Barclays cut their price target on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday. Weiss Ratings cut ODDITY Tech from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 3rd. The Goldman Sachs Group cut ODDITY Tech from a “hold” rating to a “sell” rating and cut their price target for the stock from $16.00 to $8.00 in a research note on Wednesday, June 3rd. KeyCorp reiterated a “sector weight” rating on shares of ODDITY Tech in a research note on Wednesday, June 3rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Nine investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $25.39.

Insiders Place Their Bets

In related news, CFO Mann Lindsay Drucker sold 9,603 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $13.44, for a total value of $129,064.32. Following the completion of the sale, the chief financial officer directly owned 77,709 shares of the company’s stock, valued at $1,044,408.96. The trade was a 11.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 28,807 shares of company stock valued at $402,428 over the last three months.

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.