45,000 Shares in Oddity Tech Ltd. (NASDAQ:ODD) Purchased by Sphera Management Technology Funds Ltd

Sphera Management Technology Funds Ltd acquired a new stake in shares of Oddity Tech Ltd. (NASDAQ:ODD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 45,000 shares of the company’s stock, valued at approximately $1,891,000. Oddity Tech makes up 1.1% of Sphera Management Technology Funds Ltd’s holdings, making the stock its 21st biggest position. Sphera Management Technology Funds Ltd owned approximately 0.08% of Oddity Tech as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ODD. D.A. Davidson & CO. raised its holdings in shares of Oddity Tech by 1.1% in the 4th quarter. D.A. Davidson & CO. now owns 25,838 shares of the company’s stock valued at $1,086,000 after purchasing an additional 273 shares in the last quarter. Wells Fargo & Company MN raised its stake in 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 buying an additional 449 shares in the last quarter. American Century Companies Inc. lifted its holdings in Oddity Tech by 5.1% during the fourth quarter. American Century Companies Inc. now owns 12,334 shares of the company’s stock worth $518,000 after buying an additional 593 shares during the period. Geode Capital Management LLC boosted its position in Oddity Tech by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 64,440 shares of the company’s stock valued at $2,708,000 after acquiring an additional 815 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in shares of Oddity Tech in the 4th quarter valued at $42,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

Oddity Tech Trading Down 0.4%

NASDAQ:ODD opened at $63.00 on Monday. Oddity Tech Ltd. has a twelve month low of $32.71 and a twelve month high of $73.00. The company has a market cap of $3.52 billion, a PE ratio of 38.41, a P/E/G ratio of 1.48 and a beta of 3.44. The company’s 50 day moving average is $48.64 and its two-hundred day moving average is $45.99.

Oddity Tech (NASDAQ:ODD) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The firm had revenue of $268.08 million for the quarter, compared to analyst estimates of $260.71 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. As a group, analysts expect that Oddity Tech Ltd. will post 1.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ODD has been the topic of a number of recent research reports. Barclays raised their price objective on Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. lowered their price target on shares of Oddity Tech from $56.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group boosted their price objective on shares of Oddity Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. JMP Securities restated a “market outperform” rating and issued a $66.00 target price on shares of Oddity Tech in a research note on Tuesday, April 22nd. Finally, Truist Financial lifted their price target 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.63.

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.