Wealth Enhancement Advisory Services LLC Sells 3,079 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Wealth Enhancement Advisory Services LLC lessened its position in Oddity Tech Ltd. (NASDAQ:ODD) by 31.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,674 shares of the company’s stock after selling 3,079 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Oddity Tech were worth $269,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ODD. Harbor Capital Advisors Inc. bought a new position in shares of Oddity Tech during the 2nd quarter worth about $1,021,000. Renaissance Technologies LLC bought a new position in shares of Oddity Tech during the 2nd quarter worth about $3,722,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Oddity Tech by 49.8% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 67,669 shares of the company’s stock worth $2,941,000 after purchasing an additional 22,500 shares during the period. Swiss National Bank increased its holdings in shares of Oddity Tech by 100.0% during the 1st quarter. Swiss National Bank now owns 62,600 shares of the company’s stock worth $2,720,000 after purchasing an additional 31,300 shares during the period. Finally, Bamco Inc. NY boosted its position in shares of Oddity Tech by 40.4% during the 1st quarter. Bamco Inc. NY now owns 1,063,183 shares of the company’s stock valued at $46,195,000 after acquiring an additional 305,767 shares in the last quarter. Institutional investors own 35.88% of the company’s stock.

Oddity Tech Price Performance

Shares of ODD opened at $46.22 on Tuesday. The firm has a market capitalization of $2.63 billion, a PE ratio of 28.18, a PEG ratio of 1.58 and a beta of 4.40. The company’s 50-day moving average is $38.62 and its 200-day moving average is $38.76. Oddity Tech Ltd. has a fifty-two week low of $27.83 and a fifty-two week high of $50.36.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The business had revenue of $119.00 million for the quarter, compared to analyst estimates of $116.47 million. During the same period last year, the firm earned $0.06 earnings per share. Oddity Tech’s revenue for the quarter was up 26.0% compared to the same quarter last year. Analysts predict that Oddity Tech Ltd. will post 1.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barclays lifted their target price on shares of Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.33.

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.