American Century Companies Inc. Invests $451,000 in Oddity Tech Ltd. (NASDAQ:ODD)

American Century Companies Inc. purchased a new stake in shares of Oddity Tech Ltd. (NASDAQ:ODD) in the second quarter, Holdings Channel.com reports. The fund purchased 11,485 shares of the company’s stock, valued at approximately $451,000.

Other large investors also recently modified their holdings of the company. Knuff & Co LLC lifted its stake in shares of Oddity Tech by 43.1% in the 2nd quarter. Knuff & Co LLC now owns 5,013 shares of the company’s stock valued at $197,000 after purchasing an additional 1,510 shares during the period. nVerses Capital LLC bought a new stake in shares of Oddity Tech in the second quarter valued at about $102,000. Peregrine Capital Management LLC lifted its stake in Oddity Tech by 1.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 143,384 shares of the company’s stock valued at $5,629,000 after acquiring an additional 1,784 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Oddity Tech by 340.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,003 shares of the company’s stock worth $353,000 after purchasing an additional 6,958 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Oddity Tech by 491.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 295,764 shares of the company’s stock valued at $11,612,000 after acquiring an additional 245,764 shares in the last quarter. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on ODD shares. Barclays cut their price objective on Oddity Tech from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Truist Financial reissued a “buy” rating and issued a $58.00 target price on shares of Oddity Tech in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.83.

Oddity Tech Stock Performance

Shares of ODD opened at $39.83 on Friday. Oddity Tech Ltd. has a 52-week low of $24.12 and a 52-week high of $50.36. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 1.21 and a beta of 4.48. The business’s fifty day moving average is $37.76 and its 200-day moving average is $38.32.

Oddity Tech (NASDAQ:ODD) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.24. The company had revenue of $192.77 million for the quarter, compared to analyst estimates of $188.49 million. Oddity Tech had a net margin of 14.66% and a return on equity of 26.66%. The firm’s revenue was up 27.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 EPS. As a group, research analysts forecast that Oddity Tech Ltd. will post 1.46 EPS for the current fiscal 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.