Teacher Retirement System of Texas Makes New $355,000 Investment in Oddity Tech Ltd. (NASDAQ:ODD)

Teacher Retirement System of Texas purchased a new position in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,442 shares of the company's stock, valued at approximately $355,000.

Several other large investors also recently modified their holdings of the business. Knuff & Co LLC increased its position in shares of Oddity Tech by 32.8% during the fourth quarter. Knuff & Co LLC now owns 6,824 shares of the company's stock worth $287,000 after acquiring an additional 1,686 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Oddity Tech in the 4th quarter worth $467,000. New York State Common Retirement Fund increased its holdings in Oddity Tech by 18,799.2% during the 4th quarter. New York State Common Retirement Fund now owns 144,390 shares of the company's stock worth $6,067,000 after purchasing an additional 143,626 shares in the last quarter. Peregrine Capital Management LLC raised its stake in shares of Oddity Tech by 1.9% in the 4th quarter. Peregrine Capital Management LLC now owns 146,155 shares of the company's stock valued at $6,141,000 after purchasing an additional 2,719 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in shares of Oddity Tech by 1.1% in the fourth quarter. D.A. Davidson & CO. now owns 25,838 shares of the company's stock valued at $1,086,000 after purchasing an additional 273 shares in the last quarter. 35.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on ODD. Bank of America increased their price objective on Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Barclays raised their price target on shares of Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. KeyCorp boosted their price objective on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. Morgan Stanley raised their target price on shares of Oddity Tech from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group began coverage on shares of Oddity Tech in a research report on Friday, December 13th. They set a "neutral" rating and a $48.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Oddity Tech currently has an average rating of "Moderate Buy" and a consensus price target of $52.43.

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Oddity Tech Stock Performance

ODD traded down $3.32 during trading on Friday, reaching $37.97. 925,884 shares of the stock were exchanged, compared to its average volume of 524,170. The stock's 50 day moving average price is $44.52 and its two-hundred day moving average price is $43.29. Oddity Tech Ltd. has a twelve month low of $30.34 and a twelve month high of $51.00. The stock has a market cap of $2.12 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 1.48 and a beta of 3.73.

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.