Bank of New York Mellon Corp Has $5.19 Million Stock Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Bank of New York Mellon Corp trimmed its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,615 shares of the company's stock after selling 11,365 shares during the period. Bank of New York Mellon Corp owned about 0.22% of Oddity Tech worth $5,194,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. R Squared Ltd purchased a new position in Oddity Tech in the fourth quarter valued at approximately $61,000. Wilmington Savings Fund Society FSB acquired a new position in Oddity Tech during the 3rd quarter worth $99,000. Quarry LP bought a new stake in shares of Oddity Tech in the 3rd quarter worth about $122,000. Blue Trust Inc. raised its stake in Oddity Tech by 33.2% during the fourth quarter. Blue Trust Inc. now owns 6,437 shares of the company's stock valued at $260,000 after buying an additional 1,603 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Oddity Tech during the 3rd quarter valued at approximately $349,000. Hedge funds and other institutional investors own 35.88% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on ODD. Bank of America upped their target price on Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Morgan Stanley upped their price objective on Oddity Tech from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. initiated coverage on shares of Oddity Tech in a report on Friday, January 31st. They issued an "overweight" rating and a $55.00 target price on the stock. KeyCorp boosted their target price on Oddity Tech from $50.00 to $52.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group initiated coverage on shares of Oddity Tech in a research report on Friday, December 13th. They issued a "neutral" rating and a $48.00 price target for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Oddity Tech presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.00.

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Oddity Tech Stock Up 0.2 %

ODD traded up $0.07 during midday trading on Friday, reaching $43.31. 169,290 shares of the company's stock were exchanged, compared to its average volume of 552,996. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 1.48 and a beta of 4.20. Oddity Tech Ltd. has a one year low of $30.34 and a one year high of $51.00. The business has a 50-day simple moving average of $44.66 and a two-hundred day simple moving average of $42.56.

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.