Altshuler Shaham Ltd Acquires 392,967 Shares of ODDITY Tech Ltd. $ODD

Altshuler Shaham Ltd raised its holdings in ODDITY Tech Ltd. (NASDAQ:ODD) by 364.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 500,714 shares of the company’s stock after purchasing an additional 392,967 shares during the quarter. Altshuler Shaham Ltd owned 0.90% of ODDITY Tech worth $20,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Wexford Capital LP bought a new position in ODDITY Tech in the 3rd quarter valued at $40,000. Legal & General Group Plc bought a new position in ODDITY Tech in the 2nd quarter valued at $71,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 bought a new position in ODDITY Tech in the 2nd quarter valued at $108,000. Finally, Wolff Wiese Magana LLC grew its stake in ODDITY Tech by 2,435.3% in the 4th quarter. Wolff Wiese Magana LLC now owns 2,941 shares of the company’s stock valued at $118,000 after purchasing an additional 2,825 shares during the period. Institutional investors own 35.88% of the company’s stock.

ODDITY Tech Stock Performance

NASDAQ:ODD opened at $10.97 on Thursday. The business’s 50-day moving average price is $13.24 and its two-hundred day moving average price is $23.78. ODDITY Tech Ltd. has a twelve month low of $9.25 and a twelve month high of $77.83. The stock has a market cap of $631.65 million, a P/E ratio of 13.89 and a beta of 2.47. The company has a quick ratio of 2.86, a current ratio of 4.06 and a debt-to-equity ratio of 1.96.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ODD shares. Evercore cut ODDITY Tech from an “outperform” rating to an “in-line” rating and set a $23.00 price target on the stock. in a research report on Thursday, February 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Truist Financial dropped their price target on ODDITY Tech from $18.00 to $12.00 and set a “hold” rating on the stock in a research report on Wednesday, June 3rd. Morgan Stanley dropped their price target on ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. Finally, The Goldman Sachs Group cut ODDITY Tech from a “hold” rating to a “sell” rating and dropped their price target for the company from $16.00 to $8.00 in a research report on Wednesday, June 3rd. Nine research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $25.39.

Insider Activity at ODDITY Tech

In other news, CFO Mann Lindsay Drucker sold 9,604 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $12.85, for a total transaction of $123,411.40. Following the transaction, the chief financial officer directly owned 49,054 shares in the company, valued at approximately $630,343.90. This represents a 16.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 28,807 shares of company stock worth $402,428.

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.