Yorktown Management & Research Co Inc purchased a new stake in shares of ODDITY Tech Ltd. (NASDAQ:ODD – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,650 shares of the company’s stock, valued at approximately $426,000.
A number of other institutional investors and hedge funds have also bought and sold shares of ODD. Woodline Partners LP grew its position in ODDITY Tech by 239.1% during the first quarter. Woodline Partners LP now owns 440,533 shares of the company’s stock valued at $19,057,000 after acquiring an additional 310,602 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of ODDITY Tech by 4.8% in the first quarter. Baillie Gifford & Co. now owns 6,255,326 shares of the company’s stock worth $270,605,000 after purchasing an additional 285,745 shares during the last quarter. Amundi bought a new position in shares of ODDITY Tech in the first quarter worth approximately $4,926,000. Acadian Asset Management LLC grew its holdings in shares of ODDITY Tech by 267.8% in the first quarter. Acadian Asset Management LLC now owns 135,210 shares of the company’s stock worth $5,838,000 after purchasing an additional 98,453 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of ODDITY Tech in the first quarter worth approximately $3,904,000. 35.88% of the stock is currently owned by institutional investors.
ODDITY Tech Stock Performance
Shares of ODDITY Tech stock opened at $46.41 on Wednesday. The company has a current ratio of 6.32, a quick ratio of 5.57 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $2.59 billion, a P/E ratio of 25.78, a P/E/G ratio of 2.24 and a beta of 3.21. The business has a fifty day simple moving average of $57.85 and a two-hundred day simple moving average of $62.72. ODDITY Tech Ltd. has a 12 month low of $35.30 and a 12 month high of $79.18.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Zacks Research cut shares of ODDITY Tech from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ODDITY Tech in a research note on Wednesday, October 8th. Truist Financial raised their price target on ODDITY Tech from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Barclays raised their price target on ODDITY Tech from $60.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 15th. Finally, Morgan Stanley raised their price target on ODDITY Tech from $56.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ODDITY Tech presently has an average rating of “Moderate Buy” and a consensus price target of $73.90.
Check Out Our Latest Report on ODDITY Tech
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.
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