Osaic Holdings Inc. grew its position in ODDITY Tech Ltd. (NASDAQ:ODD – Free Report) by 248.0% during the second quarter, HoldingsChannel.com reports. The firm owned 25,622 shares of the company’s stock after buying an additional 18,260 shares during the quarter. Osaic Holdings Inc.’s holdings in ODDITY Tech were worth $1,933,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in ODD. WD Rutherford LLC acquired a new stake in shares of ODDITY Tech in the second quarter valued at approximately $48,000. Assetmark Inc. bought a new position in ODDITY Tech in the second quarter valued at $54,000. Deutsche Bank AG increased its stake in ODDITY Tech by 65.0% in the 1st quarter. Deutsche Bank AG now owns 1,340 shares of the company’s stock valued at $58,000 after buying an additional 528 shares during the last quarter. Legal & General Group Plc bought a new stake in ODDITY Tech during the 2nd quarter worth about $71,000. Finally, Headlands Technologies LLC acquired a new position in shares of ODDITY Tech during the 2nd quarter worth about $108,000. 35.88% of the stock is owned by institutional investors.
ODDITY Tech Stock Down 0.5%
ODD stock opened at $41.92 on Monday. ODDITY Tech Ltd. has a 1-year low of $35.30 and a 1-year high of $79.18. The business’s 50 day simple moving average is $42.83 and its 200 day simple moving average is $56.95. The company has a current ratio of 7.54, a quick ratio of 6.42 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $2.34 billion, a PE ratio of 23.42, a PEG ratio of 2.12 and a beta of 3.15.
Wall Street Analysts Forecast Growth
ODD has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 target price on shares of ODDITY Tech in a research report on Thursday, November 20th. Jefferies Financial Group assumed coverage on ODDITY Tech in a research note on Wednesday, September 24th. They set a “buy” rating and a $78.00 price objective on the stock. Barclays decreased their target price on shares of ODDITY Tech from $64.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, November 21st. JPMorgan Chase & Co. dropped their price target on shares of ODDITY Tech from $67.00 to $59.00 and set an “overweight” rating on the stock in a research report on Friday, December 12th. Finally, Morgan Stanley cut their price target on shares of ODDITY Tech from $61.00 to $49.00 and set an “equal weight” rating for the company in a research note on Friday, November 21st. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.40.
Get Our Latest Stock Report on ODD
ODDITY Tech 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. The company sells beauty, hair, and skin products under the IL MAKIAGE and SpoiledChild brands.
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