ODDITY Tech Ltd. $ODD Position Boosted by Ashford Capital Management Inc.

Ashford Capital Management Inc. boosted its holdings in shares of ODDITY Tech Ltd. (NASDAQ:ODD) by 25.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 685,972 shares of the company’s stock after acquiring an additional 137,380 shares during the period. ODDITY Tech accounts for about 3.1% of Ashford Capital Management Inc.’s portfolio, making the stock its 9th largest position. Ashford Capital Management Inc.’s holdings in ODDITY Tech were worth $27,562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ODD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in ODDITY Tech by 16.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,117 shares of the company’s stock valued at $3,293,000 after purchasing an additional 10,582 shares in the last quarter. Geode Capital Management LLC increased its position in ODDITY Tech by 12.9% during the second quarter. Geode Capital Management LLC now owns 75,063 shares of the company’s stock valued at $5,660,000 after acquiring an additional 8,561 shares during the last quarter. Legal & General Group Plc bought a new position in ODDITY Tech during the second quarter valued at $71,000. American Century Companies Inc. increased its position in ODDITY Tech by 17.3% during the second quarter. American Century Companies Inc. now owns 14,300 shares of the company’s stock valued at $1,079,000 after acquiring an additional 2,105 shares during the last quarter. Finally, Invesco Ltd. bought a new position in ODDITY Tech during the second quarter valued at $327,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on ODD shares. Weiss Ratings cut shares of ODDITY Tech from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 3rd. Evercore cut shares of ODDITY Tech from an “outperform” rating to an “in-line” rating and set a $23.00 price objective on the stock. in a research report on Thursday, February 26th. Citizens Jmp cut shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Truist Financial cut their price target on shares of ODDITY Tech from $18.00 to $12.00 and set a “hold” rating on the stock in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group restated a “hold” rating and issued a $10.25 price target on shares of ODDITY Tech in a report on Tuesday, June 2nd. Nine analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $25.39.

ODDITY Tech Stock Down 1.4%

Shares of ODDITY Tech stock opened at $11.40 on Wednesday. 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 Ltd. has a 1 year low of $9.25 and a 1 year high of $77.83. The firm’s 50-day moving average is $13.33 and its two-hundred day moving average is $24.01. The stock has a market cap of $656.41 million, a price-to-earnings ratio of 14.43 and a beta of 2.47.

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

Insider Buying and Selling at ODDITY Tech

In other news, CFO Mann Lindsay Drucker sold 9,603 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $13.44, for a total value of $129,064.32. Following the sale, the chief financial officer directly owned 77,709 shares in the company, valued at approximately $1,044,408.96. This trade represents a 11.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 28,807 shares of company stock valued at $402,428.

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.