Altshuler Shaham Ltd Purchases 392,967 Shares of ODDITY Tech Ltd. $ODD

Altshuler Shaham Ltd grew its position in shares of ODDITY Tech Ltd. (NASDAQ:ODD) by 364.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 500,714 shares of the company’s stock after purchasing an additional 392,967 shares during the quarter. Altshuler Shaham Ltd’s holdings in ODDITY Tech were worth $20,119,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Wexford Capital LP bought a new position in ODDITY Tech during the 3rd quarter worth approximately $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in ODDITY Tech by 134.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company’s stock worth $69,000 after acquiring an additional 651 shares during the last quarter. Legal & General Group Plc bought a new position in ODDITY Tech during the 2nd quarter worth approximately $71,000. Headlands Technologies LLC bought a new position in ODDITY Tech during the 2nd quarter worth approximately $108,000. Finally, Wolff Wiese Magana LLC grew its position in ODDITY Tech by 2,435.3% during the 4th quarter. Wolff Wiese Magana LLC now owns 2,941 shares of the company’s stock worth $118,000 after acquiring an additional 2,825 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ODD shares. Bank of America lowered ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 price target on the stock. in a research report on Thursday, February 26th. Citizens Jmp lowered ODDITY Tech from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Needham & Company LLC restated a “hold” rating on shares of ODDITY Tech in a research report on Tuesday, June 2nd. The Goldman Sachs Group lowered ODDITY Tech from a “hold” rating to a “sell” rating and cut their price objective for the stock from $16.00 to $8.00 in a research report on Wednesday, June 3rd. Finally, Wall Street Zen lowered ODDITY Tech from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 18th. Nine equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $25.39.

ODDITY Tech Price Performance

Shares of ODD stock opened at $10.97 on Thursday. The firm has a market cap of $631.65 million, a P/E ratio of 13.89 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 $77.83. The business’s 50 day moving average price is $13.24 and its 200-day moving average price is $23.78. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.86 and a current ratio of 4.06.

ODDITY Tech (NASDAQ:ODD) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). The business had revenue of $197.94 million during the quarter, compared to the consensus estimate of $187.87 million. ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.ODDITY Tech’s quarterly revenue was down 26.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 earnings per share. On average, equities research analysts anticipate that ODDITY Tech Ltd. will post -0.46 earnings per share for the current year.

Insider Buying and Selling at ODDITY Tech

In other news, CFO Mann Lindsay Drucker sold 9,603 shares of ODDITY Tech stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $13.44, for a total value of $129,064.32. Following the sale, the chief financial officer directly owned 77,709 shares in the company, valued at approximately $1,044,408.96. This trade represents a 11.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 28,807 shares of company stock valued at $402,428.

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