D.A. Davidson & CO. Buys 273 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

D.A. Davidson & CO. lifted its stake in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,838 shares of the company’s stock after acquiring an additional 273 shares during the period. D.A. Davidson & CO.’s holdings in Oddity Tech were worth $1,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bamco Inc. NY lifted its stake in Oddity Tech by 0.8% in the 3rd quarter. Bamco Inc. NY now owns 1,246,046 shares of the company’s stock valued at $50,315,000 after acquiring an additional 9,665 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Oddity Tech by 11.1% in the third quarter. Janus Henderson Group PLC now owns 492,198 shares of the company’s stock worth $19,877,000 after purchasing an additional 49,101 shares in the last quarter. Wellington Management Group LLP acquired a new position in Oddity Tech during the third quarter worth $12,085,000. State Street Corp grew its position in Oddity Tech by 5.7% in the third quarter. State Street Corp now owns 236,199 shares of the company’s stock valued at $9,538,000 after purchasing an additional 12,700 shares in the last quarter. Finally, Moody National Bank Trust Division increased its stake in Oddity Tech by 12.6% in the 4th quarter. Moody National Bank Trust Division now owns 92,696 shares of the company’s stock valued at $3,895,000 after buying an additional 10,338 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ODD shares. Barclays increased their price objective on shares of Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Morgan Stanley increased their price target on Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group assumed coverage on Oddity Tech in a research report on Friday, December 13th. They set a “neutral” rating and a $48.00 price target on the stock. KeyCorp increased their price objective on Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Oddity Tech in a report on Friday, January 31st. They set an “overweight” rating and a $55.00 target price on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Oddity Tech presently has a consensus rating of “Moderate Buy” and an average price target of $53.11.

Oddity Tech Price Performance

ODD stock opened at $44.00 on Monday. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.48 and a beta of 4.34. The company has a fifty day moving average price of $44.38 and a two-hundred day moving average price of $41.75. Oddity Tech Ltd. has a one year low of $30.34 and a one year high of $51.00.

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.