Nordea Investment Management AB Purchases 16,100 Shares of ODDITY Tech Ltd. $ODD

Nordea Investment Management AB increased its position in shares of ODDITY Tech Ltd. (NASDAQ:ODD) by 19.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,600 shares of the company’s stock after acquiring an additional 16,100 shares during the quarter. Nordea Investment Management AB owned about 0.17% of ODDITY Tech worth $5,957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D lifted its stake in shares of ODDITY Tech by 74.9% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 14,323 shares of the company’s stock valued at $1,081,000 after purchasing an additional 6,132 shares during the period. JPMorgan Chase & Co. increased its holdings in ODDITY Tech by 378.5% in the second quarter. JPMorgan Chase & Co. now owns 671,724 shares of the company’s stock valued at $50,695,000 after purchasing an additional 531,334 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in ODDITY Tech in the second quarter valued at about $1,029,000. Jennison Associates LLC acquired a new position in ODDITY Tech in the second quarter valued at about $423,000. Finally, Yorktown Management & Research Co Inc bought a new position in ODDITY Tech during the second quarter worth about $426,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on ODD shares. Jefferies Financial Group initiated coverage on ODDITY Tech in a research note on Wednesday, September 24th. They issued a “buy” rating and a $78.00 price target for the company. KeyCorp decreased their price objective on shares of ODDITY Tech from $70.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Barclays cut their target price on shares of ODDITY Tech from $64.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, November 21st. Wall Street Zen raised shares of ODDITY Tech from a “sell” rating to a “hold” rating in a report on Sunday, November 30th. Finally, Zacks Research upgraded shares of ODDITY Tech from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.40.

ODDITY Tech Price Performance

Shares of NASDAQ ODD opened at $35.40 on Friday. The company has a fifty day moving average price of $40.51 and a 200 day moving average price of $53.41. The firm has a market cap of $1.98 billion, a PE ratio of 19.78, a PEG ratio of 1.41 and a beta of 3.17. The company has a current ratio of 7.54, a quick ratio of 6.42 and a debt-to-equity ratio of 1.53. ODDITY Tech Ltd. has a 1-year low of $33.06 and a 1-year high of $79.18.

ODDITY Tech (NASDAQ:ODD) last issued its quarterly earnings results on Wednesday, November 19th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. ODDITY Tech had a net margin of 14.11% and a return on equity of 31.68%. The company had revenue of $147.90 million during the quarter, compared to analysts’ expectations of $145.44 million. During the same period last year, the business earned $0.32 EPS. The business’s quarterly revenue was up 24.3% on a year-over-year basis. ODDITY Tech has set its Q4 2025 guidance at 0.110-0.130 EPS and its FY 2025 guidance at 2.100-2.120 EPS. Research analysts predict that ODDITY Tech Ltd. will post 1.62 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. The company sells beauty, hair, and skin products under the IL MAKIAGE and SpoiledChild brands.