Ibex Investors LLC Takes $2.18 Million Position in ODDITY Tech Ltd. $ODD

Ibex Investors LLC purchased a new position in shares of ODDITY Tech Ltd. (NASDAQ:ODDFree Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 54,300 shares of the company’s stock, valued at approximately $2,182,000. ODDITY Tech accounts for 1.5% of Ibex Investors LLC’s holdings, making the stock its 9th largest position.

Several other hedge funds have also made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in ODDITY Tech by 16.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,117 shares of the company’s stock valued at $3,293,000 after purchasing an additional 10,582 shares during the period. Geode Capital Management LLC boosted its position in ODDITY Tech by 12.9% during the 2nd quarter. Geode Capital Management LLC now owns 75,063 shares of the company’s stock valued at $5,660,000 after purchasing an additional 8,561 shares during the period. Legal & General Group Plc acquired a new position in ODDITY Tech during the 2nd quarter valued at approximately $71,000. American Century Companies Inc. boosted its position in ODDITY Tech by 17.3% during the 2nd quarter. American Century Companies Inc. now owns 14,300 shares of the company’s stock valued at $1,079,000 after purchasing an additional 2,105 shares during the period. Finally, Invesco Ltd. acquired a new position in ODDITY Tech during the 2nd quarter valued at approximately $327,000. Institutional investors own 35.88% of the company’s stock.

Insider Buying and Selling

In related news, CFO Mann Lindsay Drucker sold 9,603 shares of the firm’s 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 $1,044,408.96. This trade represents a 11.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Price Performance

ODD opened at $9.81 on Monday. ODDITY Tech Ltd. has a 12 month low of $9.25 and a 12 month high of $78.20. The company has a debt-to-equity ratio of 1.96, a current ratio of 4.06 and a quick ratio of 2.86. The stock has a market cap of $564.81 million, a P/E ratio of 12.42, a P/E/G ratio of 1.28 and a beta of 2.47. The stock’s 50 day moving average price is $13.66 and its 200 day moving average price is $25.41.

ODDITY Tech (NASDAQ:ODDGet Free Report) last posted its earnings results on Tuesday, June 2nd. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.13). ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. The business had revenue of $197.94 million during the quarter, compared to analyst estimates of $187.87 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. The firm’s revenue was down 26.2% compared to the same quarter last year. As a group, research analysts predict that ODDITY Tech Ltd. will post 0.64 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Jefferies Financial Group restated a “hold” rating and set a $10.25 price objective on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Bank of America lowered ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 price objective for the company. in a research report on Thursday, February 26th. Needham & Company LLC restated a “hold” rating on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Citizens Jmp lowered ODDITY Tech from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $16.00 price objective (down from $59.00) on shares of ODDITY Tech in a research report on Thursday, February 26th. Nine research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $25.39.

Read Our Latest Analysis on ODDITY Tech

ODDITY Tech Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ODDITY Tech (NASDAQ:ODD)

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