State Street Corp Grows Stock Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

State Street Corp lifted its position in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 5.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 236,199 shares of the company’s stock after buying an additional 12,700 shares during the quarter. State Street Corp owned approximately 0.42% of Oddity Tech worth $9,538,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Renaissance Technologies LLC acquired a new position in Oddity Tech in the 2nd quarter valued at $3,722,000. Bank of New York Mellon Corp boosted its position in Oddity Tech by 1,303.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 145,196 shares of the company’s stock valued at $5,700,000 after buying an additional 134,853 shares during the last quarter. Seven Eight Capital LP acquired a new stake in Oddity Tech during the 2nd quarter valued at approximately $1,060,000. Aurora Investment Counsel bought a new stake in shares of Oddity Tech in the third quarter worth $2,056,000. Finally, Y.D. More Investments Ltd lifted its position in shares of Oddity Tech by 8.6% during the second quarter. Y.D. More Investments Ltd now owns 596,940 shares of the company’s stock worth $23,436,000 after purchasing an additional 47,390 shares during the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group started coverage on Oddity Tech in a research note on Friday, December 13th. They issued a “neutral” rating and a $48.00 price target for the company. Finally, Barclays lifted their price objective on shares of Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

Oddity Tech Stock Performance

ODD opened at $43.48 on Friday. The company has a market capitalization of $2.47 billion, a PE ratio of 26.51, a P/E/G ratio of 1.49 and a beta of 4.46. The stock’s fifty day moving average is $43.81 and its 200-day moving average is $40.68. Oddity Tech Ltd. has a one year low of $30.34 and a one year high of $51.00.

Oddity Tech (NASDAQ:ODD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.22 by $0.10. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The firm had revenue of $119.00 million for the quarter, compared to analysts’ expectations of $116.47 million. During the same period in the previous year, the business earned $0.06 earnings per share. Oddity Tech’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, equities research analysts forecast that Oddity Tech Ltd. will post 1.64 EPS for the current fiscal 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.