Clal Insurance Enterprises Holdings Ltd Raises Stake in ODDITY Tech Ltd. $ODD

Clal Insurance Enterprises Holdings Ltd boosted its position in ODDITY Tech Ltd. (NASDAQ:ODD) by 110.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 590,300 shares of the company’s stock after purchasing an additional 310,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned about 1.06% of ODDITY Tech worth $23,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ODD. Wexford Capital LP bought a new position in ODDITY Tech during the third quarter worth $40,000. Legal & General Group Plc acquired a new position in shares of ODDITY Tech in the 2nd quarter valued at $71,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of ODDITY Tech by 134.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company’s stock valued at $69,000 after purchasing an additional 651 shares during the period. Headlands Technologies LLC acquired a new stake in ODDITY Tech during the 2nd quarter worth about $108,000. Finally, Wolff Wiese Magana LLC raised its stake in shares of ODDITY Tech by 2,435.3% during the 4th quarter. Wolff Wiese Magana LLC now owns 2,941 shares of the company’s stock worth $118,000 after purchasing an additional 2,825 shares in the last quarter. Institutional investors and hedge funds own 35.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ODD. Needham & Company LLC reissued a “hold” rating on shares of ODDITY Tech in a report on Tuesday, June 2nd. Morgan Stanley reduced their price objective on ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $16.00 price target (down from $59.00) on shares of ODDITY Tech in a research report on Thursday, February 26th. The Goldman Sachs Group lowered ODDITY Tech from a “hold” rating to a “sell” rating and lowered their target price for the stock from $16.00 to $8.00 in a research note on Wednesday, June 3rd. Finally, Barclays decreased their price target on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 3rd. Nine analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $25.39.

ODDITY Tech Trading Up 6.9%

NASDAQ:ODD opened at $11.72 on Friday. The company has a market cap of $674.84 million, a P/E ratio of 14.84 and a beta of 2.47. ODDITY Tech Ltd. has a 1 year low of $9.25 and a 1 year high of $77.83. The stock’s fifty day moving average price is $13.42 and its two-hundred day moving average price is $24.56. The company has a debt-to-equity ratio of 1.96, a current ratio of 4.06 and a quick ratio of 2.86.

ODDITY Tech (NASDAQ:ODD) last released its earnings results on Tuesday, June 2nd. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. The firm had revenue of $197.94 million during the quarter, compared to the consensus estimate of $187.87 million. During the same period in the prior year, the company earned $0.69 EPS. The firm’s revenue was down 26.2% compared to the same quarter last year. As a group, analysts expect that ODDITY Tech Ltd. will post -0.46 EPS for the current year.

Insider Buying and Selling at ODDITY Tech

In other ODDITY Tech news, CFO Mann Lindsay Drucker sold 9,603 shares of ODDITY Tech stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $13.44, for a total value of $129,064.32. Following the completion of the sale, the chief financial officer owned 77,709 shares of the company’s stock, valued at approximately $1,044,408.96. The trade was a 11.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 28,807 shares of company stock worth $402,428 over the last ninety days.

About ODDITY Tech

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.