Geode Capital Management LLC Acquires 750 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Geode Capital Management LLC increased its stake in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 1.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,625 shares of the company’s stock after buying an additional 750 shares during the period. Geode Capital Management LLC owned about 0.11% of Oddity Tech worth $2,569,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ODD. Public Employees Retirement Association of Colorado purchased a new stake in Oddity Tech in the 2nd quarter worth about $102,000. Federated Hermes Inc. purchased a new position in shares of Oddity Tech in the second quarter worth about $113,000. Quarry LP purchased a new stake in shares of Oddity Tech during the 3rd quarter valued at approximately $122,000. Mendota Financial Group LLC purchased a new stake in shares of Oddity Tech during the 3rd quarter valued at approximately $162,000. Finally, Blue Trust Inc. grew its stake in Oddity Tech by 13.3% in the 3rd quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock valued at $190,000 after buying an additional 566 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Oddity Tech Trading Down 0.1 %

Shares of ODD opened at $43.42 on Wednesday. The stock has a 50-day moving average price of $44.35 and a 200-day moving average price of $40.81. The company has a market cap of $2.47 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 1.49 and a beta of 4.30. Oddity Tech Ltd. has a 12-month low of $30.34 and a 12-month high of $51.00.

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 during the quarter, compared to analysts’ expectations of $116.47 million. During the same quarter in the previous year, the company earned $0.06 EPS. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. As a group, analysts predict that Oddity Tech Ltd. will post 1.64 earnings per share for the current year.

Wall Street Analyst Weigh In

ODD has been the subject of several recent research reports. Barclays lifted their price target on Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Morgan Stanley raised their target price on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group initiated coverage on shares of Oddity Tech in a report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price target on the stock. Three equities 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, Oddity Tech currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

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.