Sigma Planning Corp Buys New Stake in ODDITY Tech Ltd. $ODD

Sigma Planning Corp purchased a new position in shares of ODDITY Tech Ltd. (NASDAQ:ODD) during the second quarter, Holdings Channel.com reports. The fund purchased 4,932 shares of the company’s stock, valued at approximately $372,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its position in shares of ODDITY Tech by 81.1% in the first quarter. Teacher Retirement System of Texas now owns 15,287 shares of the company’s stock worth $661,000 after acquiring an additional 6,845 shares during the period. New York State Common Retirement Fund increased its stake in shares of ODDITY Tech by 19.7% in the 1st quarter. New York State Common Retirement Fund now owns 172,843 shares of the company’s stock valued at $7,477,000 after purchasing an additional 28,453 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in ODDITY Tech by 0.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,289,493 shares of the company’s stock worth $55,783,000 after purchasing an additional 6,419 shares during the period. KLP Kapitalforvaltning AS boosted its position in ODDITY Tech by 88.9% during the first quarter. KLP Kapitalforvaltning AS now owns 13,600 shares of the company’s stock worth $588,000 after purchasing an additional 6,400 shares in the last quarter. Finally, Tempus Wealth Planning LLC acquired a new stake in ODDITY Tech in the first quarter valued at approximately $369,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

ODDITY Tech Stock Down 2.5%

NASDAQ ODD opened at $38.97 on Monday. The business has a fifty day moving average price of $55.10 and a 200 day moving average price of $62.95. The company has a debt-to-equity ratio of 1.66, a quick ratio of 5.57 and a current ratio of 6.32. The company has a market cap of $2.18 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.85 and a beta of 3.16. ODDITY Tech Ltd. has a one year low of $35.30 and a one year high of $79.18.

Analysts Set New Price Targets

ODD has been the subject of several research analyst reports. Jefferies Financial Group began coverage on ODDITY Tech in a research note on Wednesday, September 24th. They set a “buy” rating and a $78.00 target price for the company. JMP Securities reissued a “market outperform” rating and issued a $80.00 price target on shares of ODDITY Tech in a report on Tuesday, September 23rd. Truist Financial upped their price objective on shares of ODDITY Tech from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of ODDITY Tech in a research report on Wednesday, October 8th. Finally, Morgan Stanley boosted their target price on shares of 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 investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $73.90.

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.