Moody National Bank Trust Division Boosts Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Moody National Bank Trust Division increased its stake in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 8.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,179 shares of the company’s stock after buying an additional 2,150 shares during the period. Moody National Bank Trust Division’s holdings in Oddity Tech were worth $1,224,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FMR LLC purchased a new stake in Oddity Tech during the third quarter worth about $47,208,000. Y.D. More Investments Ltd increased its stake in shares of Oddity Tech by 10.8% in the fourth quarter. Y.D. More Investments Ltd now owns 399,550 shares of the company’s stock worth $18,591,000 after purchasing an additional 39,000 shares in the last quarter. Norges Bank purchased a new position in shares of Oddity Tech in the fourth quarter worth about $13,318,000. Winslow Capital Management LLC increased its stake in shares of Oddity Tech by 7.7% in the fourth quarter. Winslow Capital Management LLC now owns 560,558 shares of the company’s stock worth $26,083,000 after purchasing an additional 40,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Oddity Tech by 58.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,255,220 shares of the company’s stock worth $58,405,000 after purchasing an additional 461,467 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ODD shares. Truist Financial reiterated a “buy” rating and issued a $58.00 target price on shares of Oddity Tech in a research note on Friday, June 7th. Evercore ISI assumed coverage on shares of Oddity Tech in a research report on Thursday, April 4th. They issued an “outperform” rating and a $57.00 price objective for the company. JMP Securities restated a “market outperform” rating and issued a $66.00 price objective on shares of Oddity Tech in a research report on Thursday, March 7th. Barclays cut their price objective on shares of Oddity Tech from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Finally, Bank of America raised their price objective on shares of Oddity Tech from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.75.

Oddity Tech Price Performance

Shares of Oddity Tech stock opened at $38.96 on Thursday. Oddity Tech Ltd. has a 1 year low of $24.12 and a 1 year high of $56.00. The firm has a market cap of $2.22 billion and a PE ratio of 32.47. The company has a 50 day simple moving average of $36.77 and a two-hundred day simple moving average of $40.60.

Oddity Tech (NASDAQ:ODD) last announced its earnings results on Tuesday, May 7th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.12. Oddity Tech had a net margin of 12.97% and a return on equity of 26.10%. The business had revenue of $211.63 million during the quarter, compared to analyst estimates of $205.55 million. As a group, research analysts anticipate that Oddity Tech Ltd. will post 1.34 earnings per share for the current year.

About Oddity Tech

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.