Y Intercept Hong Kong Ltd lessened its stake in shares of ODDITY Tech Ltd. (NASDAQ:ODD – Free Report) by 73.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,966 shares of the company’s stock after selling 30,407 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in ODDITY Tech were worth $147,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Baillie Gifford & Co. raised its holdings in shares of ODDITY Tech by 17.8% during the fourth quarter. Baillie Gifford & Co. now owns 7,122,641 shares of the company’s stock valued at $286,188,000 after purchasing an additional 1,076,921 shares during the last quarter. Morgan Stanley boosted its holdings in ODDITY Tech by 13.9% in the fourth quarter. Morgan Stanley now owns 4,305,565 shares of the company’s stock worth $172,998,000 after purchasing an additional 525,481 shares during the last quarter. Janus Henderson Group PLC grew its position in ODDITY Tech by 115.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,423,917 shares of the company’s stock worth $97,379,000 after purchasing an additional 1,296,551 shares during the period. Granahan Investment Management LLC grew its position in ODDITY Tech by 1.1% in the 4th quarter. Granahan Investment Management LLC now owns 1,523,204 shares of the company’s stock worth $61,202,000 after purchasing an additional 16,747 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in ODDITY Tech by 6.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 713,447 shares of the company’s stock valued at $44,448,000 after buying an additional 41,723 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on ODD shares. Truist Financial dropped their price target on ODDITY Tech from $18.00 to $12.00 and set a “hold” rating on the stock in a research note on Wednesday, June 3rd. The Goldman Sachs Group cut ODDITY Tech from a “hold” rating to a “sell” rating and reduced their price objective for the company from $16.00 to $8.00 in a research report on Wednesday, June 3rd. Barclays lowered their target price on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, June 3rd. Needham & Company LLC reissued a “hold” rating on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Finally, Jefferies Financial Group restated a “hold” rating and set a $10.25 price target on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Eight analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, ODDITY Tech currently has an average rating of “Reduce” and a consensus target price of $25.39.
Insider Transactions at ODDITY Tech
In other ODDITY Tech news, CFO Mann Lindsay Drucker sold 109,602 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $15.09, for a total value of $1,653,894.18. Following the completion of the sale, the chief financial officer owned 77,709 shares in the company, valued at $1,172,628.81. This represents a 58.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 128,805 shares of company stock worth $1,932,910 over the last three months.
ODDITY Tech Trading Up 6.6%
Shares of ODDITY Tech stock opened at $17.43 on Thursday. ODDITY Tech Ltd. has a 1-year low of $9.25 and a 1-year high of $76.00. The company’s fifty day simple moving average is $13.44 and its 200-day simple moving average is $19.90. 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 capitalization of $1.00 billion, a PE ratio of 22.06 and a beta of 2.37.
ODDITY Tech (NASDAQ:ODD – Get Free Report) last posted its quarterly earnings data 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 return on equity of 15.38% and a net margin of 6.97%.The company had revenue of $197.94 million during the quarter, compared to analysts’ expectations of $187.87 million. During the same quarter last year, the company earned $0.69 earnings per share. The company’s revenue for the quarter was down 26.2% on a year-over-year basis. As a group, equities analysts anticipate that ODDITY Tech Ltd. will post -0.55 earnings per share for the current year.
ODDITY Tech 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. The company sells beauty, hair, and skin products under the IL MAKIAGE and SpoiledChild brands.
Featured Articles
- Five stocks we like better than ODDITY Tech
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
Want to see what other hedge funds are holding ODD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ODDITY Tech Ltd. (NASDAQ:ODD – Free Report).
Receive News & Ratings for ODDITY Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ODDITY Tech and related companies with MarketBeat.com's FREE daily email newsletter.
