Janus Henderson Group PLC Acquires 354,083 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Janus Henderson Group PLC raised its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 71.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 846,281 shares of the company’s stock after buying an additional 354,083 shares during the period. Janus Henderson Group PLC’s holdings in Oddity Tech were worth $35,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Penn Capital Management Company LLC bought a new stake in shares of Oddity Tech in the fourth quarter worth about $8,690,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Oddity Tech in the fourth quarter worth about $329,000. Wells Fargo & Company MN increased its holdings in shares of Oddity Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock worth $126,000 after purchasing an additional 449 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Oddity Tech by 33.2% in the fourth quarter. Blue Trust Inc. now owns 6,437 shares of the company’s stock worth $260,000 after purchasing an additional 1,603 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Oddity Tech in the fourth quarter worth about $9,470,000. 35.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

ODD has been the topic of several analyst reports. KeyCorp reduced their price objective on Oddity Tech from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Bank of America boosted their price objective on Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Barclays boosted their price objective on Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. The Goldman Sachs Group boosted their price objective on Oddity Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Finally, Truist Financial boosted their price objective on Oddity Tech from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.63.

Oddity Tech Price Performance

Shares of NASDAQ:ODD opened at $62.26 on Thursday. Oddity Tech Ltd. has a 1 year low of $32.71 and a 1 year high of $73.00. The business has a 50 day simple moving average of $47.85 and a two-hundred day simple moving average of $45.57. The firm has a market capitalization of $3.48 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 1.48 and a beta of 3.44.

Oddity Tech (NASDAQ:ODD) last announced its earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $260.71 million. During the same quarter in the previous year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up 26.7% compared to the same quarter last year. Equities research analysts expect that Oddity Tech Ltd. will post 1.62 EPS for the current fiscal year.

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.