ODDITY Tech Ltd. $ODD Shares Bought by Citigroup Inc.

Citigroup Inc. increased its holdings in ODDITY Tech Ltd. (NASDAQ:ODDFree Report) by 220.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 228,786 shares of the company’s stock after buying an additional 157,374 shares during the period. Citigroup Inc.’s holdings in ODDITY Tech were worth $14,253,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ODD. Blue Trust Inc. boosted its stake in ODDITY Tech by 5.0% in the third quarter. Blue Trust Inc. now owns 5,988 shares of the company’s stock valued at $373,000 after acquiring an additional 285 shares during the period. Assetmark Inc. acquired a new position in ODDITY Tech during the 2nd quarter valued at approximately $54,000. D.A. Davidson & CO. grew its stake in ODDITY Tech by 5.5% during the 3rd quarter. D.A. Davidson & CO. now owns 14,090 shares of the company’s stock worth $878,000 after buying an additional 736 shares during the last quarter. Legal & General Group Plc acquired a new stake in ODDITY Tech in the second quarter worth $71,000. Finally, Police & Firemen s Retirement System of New Jersey increased its position in ODDITY Tech by 14.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 8,650 shares of the company’s stock worth $653,000 after buying an additional 1,096 shares during the period. Institutional investors own 35.88% of the company’s stock.

ODDITY Tech News Summary

Here are the key news stories impacting ODDITY Tech this week:

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Truist Financial reissued a “hold” rating and set a $18.00 price target (down from $80.00) on shares of ODDITY Tech in a report on Wednesday. Needham & Company LLC lowered shares of ODDITY Tech from a “buy” rating to a “hold” rating in a research note on Wednesday. Bank of America cut shares of ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 target price for the company. in a research report on Thursday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $16.00 price target (down from $59.00) on shares of ODDITY Tech in a report on Thursday. Finally, Morgan Stanley reduced their price objective on ODDITY Tech from $61.00 to $49.00 and set an “equal weight” rating for the company in a research report on Friday, November 21st. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $31.73.

Check Out Our Latest Analysis on ODDITY Tech

ODDITY Tech Stock Down 14.5%

ODDITY Tech stock opened at $11.77 on Friday. ODDITY Tech Ltd. has a 52 week low of $11.61 and a 52 week high of $79.18. The stock has a market cap of $657.12 million, a price-to-earnings ratio of 6.54, a PEG ratio of 0.55 and a beta of 3.18. The company’s 50-day moving average price is $33.37 and its two-hundred day moving average price is $45.25. 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 (NASDAQ:ODDGet Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. ODDITY Tech had a net margin of 13.68% and a return on equity of 30.74%. The company had revenue of $152.73 million during the quarter, compared to analyst estimates of $151.11 million. During the same period in the prior year, the business posted $0.20 EPS. The business’s revenue for the quarter was up 23.8% compared to the same quarter last year. On average, analysts expect that ODDITY Tech Ltd. will post 1.62 EPS for the current fiscal year.

About ODDITY Tech

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ODDITY Tech (NASDAQ:ODD)

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