UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in Oddity Tech Ltd. (NASDAQ:ODD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Oddity Tech Ltd. (NASDAQ:ODD) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,104 shares of the company’s stock after acquiring an additional 2,665 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of Oddity Tech worth $2,387,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Hood River Capital Management LLC purchased a new position in Oddity Tech in the 2nd quarter valued at about $23,397,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Oddity Tech by 491.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 295,764 shares of the company’s stock valued at $11,612,000 after buying an additional 245,764 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Oddity Tech during the second quarter valued at approximately $6,744,000. Bank of New York Mellon Corp boosted its position in Oddity Tech by 1,303.8% during the second quarter. Bank of New York Mellon Corp now owns 145,196 shares of the company’s stock worth $5,700,000 after acquiring an additional 134,853 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Oddity Tech in the 2nd quarter worth approximately $3,722,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Morgan Stanley increased their price target on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday. Barclays increased their target price on Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group started coverage on Oddity Tech in a report on Friday. They issued a “neutral” rating and a $48.00 price target for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.00.

Oddity Tech Trading Down 1.0 %

Shares of Oddity Tech stock opened at $49.45 on Friday. The business’s fifty day moving average price is $42.84 and its 200 day moving average price is $40.17. Oddity Tech Ltd. has a twelve month low of $30.34 and a twelve month high of $51.00. The stock has a market capitalization of $2.81 billion, a P/E ratio of 30.15, a PEG ratio of 1.43 and a beta of 4.45.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.10. The business had revenue of $119.00 million for the quarter, compared to analyst estimates of $116.47 million. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The company’s revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. As a group, sell-side analysts predict that Oddity Tech Ltd. will post 1.64 EPS 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.