Blue Trust Inc. Increases Stock Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Blue Trust Inc. boosted its stake in Oddity Tech Ltd. (NASDAQ:ODD) by 33.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,437 shares of the company’s stock after purchasing an additional 1,603 shares during the quarter. Blue Trust Inc.’s holdings in Oddity Tech were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Moody National Bank Trust Division raised its holdings in Oddity Tech by 12.6% during the 4th quarter. Moody National Bank Trust Division now owns 92,696 shares of the company’s stock valued at $3,895,000 after buying an additional 10,338 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Oddity Tech in the 4th quarter valued at approximately $1,767,000. Nordea Investment Management AB bought a new position in shares of Oddity Tech in the 4th quarter worth about $797,000. Wilmington Savings Fund Society FSB purchased a new stake in Oddity Tech in the third quarter worth about $99,000. Finally, Geode Capital Management LLC boosted its position in shares of Oddity Tech by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 63,625 shares of the company’s stock worth $2,569,000 after purchasing an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Barclays increased 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 report on Monday, November 11th. Morgan Stanley boosted their price target on Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. started coverage on Oddity Tech in a research note on Friday. They issued an “overweight” rating and a $55.00 price target for the company. The Goldman Sachs Group began coverage on shares of Oddity Tech in a report on Friday, December 13th. They issued a “neutral” rating and a $48.00 target price on the stock. Finally, KeyCorp raised their price target on Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.11.

Oddity Tech Stock Up 1.8 %

NASDAQ ODD opened at $47.72 on Monday. Oddity Tech Ltd. has a 52 week low of $30.34 and a 52 week high of $51.00. The firm has a 50 day moving average of $45.22 and a two-hundred day moving average of $41.29. The stock has a market capitalization of $2.71 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 1.44 and a beta of 4.30.

Oddity Tech (NASDAQ:ODD) last announced 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 analyst estimates of $116.47 million. During the same period last year, the business earned $0.06 EPS. Oddity Tech’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, equities research analysts expect that Oddity Tech Ltd. will post 1.64 earnings per share 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.