Oddity Tech Ltd. (NASDAQ:ODD) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. decreased its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 1.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,159,321 shares of the company's stock after selling 109,496 shares during the period. Baillie Gifford & Co. owned 10.83% of Oddity Tech worth $248,713,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in Oddity Tech in the 2nd quarter worth approximately $102,000. Public Employees Retirement Association of Colorado purchased a new position in shares of Oddity Tech during the 2nd quarter valued at $102,000. Federated Hermes Inc. purchased a new position in shares of Oddity Tech during the 2nd quarter valued at $113,000. Mendota Financial Group LLC purchased a new position in shares of Oddity Tech during the 3rd quarter valued at $162,000. Finally, Blue Trust Inc. increased its holdings in Oddity Tech by 13.3% in the 3rd quarter. Blue Trust Inc. now owns 4,834 shares of the company's stock valued at $190,000 after acquiring an additional 566 shares during the last quarter. Institutional investors own 35.88% of the company's stock.

Analysts Set New Price Targets

Separately, Barclays upped their price target on shares of Oddity Tech from $39.00 to $42.00 and gave the company an "equal weight" rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.33.

Oddity Tech Stock Down 2.0 %

NASDAQ:ODD traded down $0.91 during trading hours on Tuesday, reaching $45.31. 206,196 shares of the company's stock were exchanged, compared to its average volume of 668,294. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 1.58 and a beta of 4.40. The company has a 50-day moving average of $38.62 and a 200 day moving average of $38.76. Oddity Tech Ltd. has a 1-year low of $27.83 and a 1-year high of $50.36.

Oddity Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.10. The firm had revenue of $119.00 million during the quarter, compared to analysts' expectations of $116.47 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. Oddity Tech's quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 EPS. Research analysts forecast that Oddity Tech Ltd. will post 1.46 EPS for the current fiscal year.

Oddity Tech 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.