Oddity Tech Ltd. (NASDAQ:ODD) is Y.D. More Investments Ltd’s 5th Largest Position

Y.D. More Investments Ltd grew its holdings in Oddity Tech Ltd. (NASDAQ:ODD) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 399,550 shares of the company’s stock after purchasing an additional 39,000 shares during the quarter. Oddity Tech makes up approximately 3.7% of Y.D. More Investments Ltd’s portfolio, making the stock its 5th largest holding. Y.D. More Investments Ltd’s holdings in Oddity Tech were worth $18,591,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Legato Capital Management LLC acquired a new position in Oddity Tech in the 4th quarter valued at $336,000. Greycroft LP acquired a new position in Oddity Tech in the third quarter valued at $227,000. TD Asset Management Inc purchased a new position in Oddity Tech during the third quarter worth about $261,000. New York State Common Retirement Fund acquired a new stake in Oddity Tech in the 3rd quarter worth about $507,000. Finally, Federated Hermes Inc. acquired a new stake in Oddity Tech in the 3rd quarter worth about $510,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

Oddity Tech Stock Up 1.1 %

Shares of NASDAQ ODD traded up $0.36 during mid-day trading on Wednesday, hitting $32.90. 640,408 shares of the company traded hands, compared to its average volume of 828,240. The business has a 50 day moving average of $39.71 and a two-hundred day moving average of $38.73. The stock has a market capitalization of $1.87 billion and a price-to-earnings ratio of 32.26. Oddity Tech Ltd. has a 1 year low of $24.12 and a 1 year high of $56.00.

Oddity Tech (NASDAQ:ODD) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $97.25 million during the quarter, compared to the consensus estimate of $86.38 million. Oddity Tech had a net margin of 11.51% and a return on equity of 26.22%. As a group, research analysts anticipate that Oddity Tech Ltd. will post 1.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ODD. Evercore ISI began coverage on shares of Oddity Tech in a report on Thursday, April 4th. They set an “outperform” rating and a $57.00 price objective on the stock. Bank of America increased their price target on shares of Oddity Tech from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. JMP Securities reissued a “market outperform” rating and set a $66.00 price objective on shares of Oddity Tech in a research note on Thursday, March 7th. Morgan Stanley increased their target price on Oddity Tech from $35.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Finally, Barclays lowered their price target on Oddity Tech from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.63.

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.