Centiva Capital LP Purchases 4,765 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Centiva Capital LP grew its position in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 49.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,389 shares of the company’s stock after buying an additional 4,765 shares during the quarter. Centiva Capital LP’s holdings in Oddity Tech were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Bamco Inc. NY lifted its position in Oddity Tech by 14.7% during the 4th quarter. Bamco Inc. NY now owns 1,429,198 shares of the company’s stock worth $60,055,000 after buying an additional 183,152 shares in the last quarter. Capital International Investors lifted its position in shares of Oddity Tech by 29.5% during the fourth quarter. Capital International Investors now owns 1,365,744 shares of the company’s stock worth $57,389,000 after purchasing an additional 311,401 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Oddity Tech by 0.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,283,074 shares of the company’s stock worth $53,915,000 after purchasing an additional 11,716 shares in the last quarter. Hood River Capital Management LLC grew its stake in shares of Oddity Tech by 1.6% during the fourth quarter. Hood River Capital Management LLC now owns 729,536 shares of the company’s stock valued at $30,655,000 after purchasing an additional 11,711 shares during the last quarter. Finally, Ibex Investors LLC increased its holdings in shares of Oddity Tech by 46.5% in the fourth quarter. Ibex Investors LLC now owns 315,000 shares of the company’s stock valued at $13,236,000 after purchasing an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 35.88% of the company’s stock.

Oddity Tech Trading Up 4.8 %

ODD stock opened at $71.00 on Friday. Oddity Tech Ltd. has a 1-year low of $32.71 and a 1-year high of $71.07. The firm has a market cap of $3.96 billion, a PE ratio of 43.29, a P/E/G ratio of 1.48 and a beta of 3.44. The business’s 50-day moving average price is $46.70 and its two-hundred day moving average price is $45.04.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.06. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The business had revenue of $268.08 million for the quarter, compared to analysts’ expectations of $260.71 million. During the same quarter in the previous year, the business posted $0.61 EPS. Oddity Tech’s revenue for the quarter was up 26.7% on a year-over-year basis. On average, analysts forecast that Oddity Tech Ltd. will post 1.62 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. The Goldman Sachs Group increased their price objective on Oddity Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Bank of America upped their target price on shares of Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Truist Financial lifted their target price on shares of Oddity Tech from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. cut their price target on Oddity Tech from $56.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Finally, KeyCorp decreased their price objective on Oddity Tech from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.63.

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.