Public Employees Retirement System of Ohio Makes New Investment in Oddity Tech Ltd. (NASDAQ:ODD)

Public Employees Retirement System of Ohio purchased a new stake in Oddity Tech Ltd. (NASDAQ:ODD) during the third quarter, according to its most recent filing with the SEC. The firm purchased 8,651 shares of the company’s stock, valued at approximately $349,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its position in Oddity Tech by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,273,469 shares of the company’s stock valued at $49,996,000 after acquiring an additional 5,417 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of Oddity Tech by 0.8% during the 3rd quarter. Bamco Inc. NY now owns 1,246,046 shares of the company’s stock valued at $50,315,000 after purchasing an additional 9,665 shares during the last quarter. Y.D. More Investments Ltd grew its stake in Oddity Tech by 8.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 596,940 shares of the company’s stock worth $23,436,000 after buying an additional 47,390 shares during the last quarter. Hood River Capital Management LLC acquired a new position in Oddity Tech during the 2nd quarter valued at about $23,397,000. Finally, Janus Henderson Group PLC raised its stake in Oddity Tech by 11.1% in the third quarter. Janus Henderson Group PLC now owns 492,198 shares of the company’s stock valued at $19,877,000 after buying an additional 49,101 shares during the last quarter. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ODD. The Goldman Sachs Group began coverage on Oddity Tech in a research note on Friday, December 13th. They set a “neutral” rating and a $48.00 price target on the stock. Morgan Stanley boosted their target price on shares of Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Barclays raised their price target on shares of Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Oddity Tech currently has an average rating of “Moderate Buy” and an average target price of $53.00.

Oddity Tech Trading Down 4.1 %

Shares of NASDAQ ODD opened at $43.76 on Friday. The company has a 50 day simple moving average of $43.53 and a two-hundred day simple moving average of $40.51. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.49 and a beta of 4.45. Oddity Tech Ltd. has a 12 month low of $30.34 and a 12 month high of $51.00.

Oddity Tech (NASDAQ:ODD) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.22 by $0.10. The company had revenue of $119.00 million for the quarter, compared to analyst estimates of $116.47 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The firm’s revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 earnings per share. Analysts forecast that Oddity Tech Ltd. will post 1.64 EPS for the current year.

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.