Oddity Tech Ltd. (NASDAQ:ODD) Shares Sold by Fmr LLC

FMR LLC decreased its position in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,929,946 shares of the company's stock after selling 37,070 shares during the period. FMR LLC owned approximately 6.91% of Oddity Tech worth $158,691,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Aurora Investment Counsel bought a new stake in shares of Oddity Tech during the third quarter worth $2,056,000. GSA Capital Partners LLP increased its stake in shares of Oddity Tech by 267.9% during the third quarter. GSA Capital Partners LLP now owns 30,649 shares of the company's stock valued at $1,238,000 after buying an additional 22,319 shares during the period. Catalyst Capital Advisors LLC increased its stake in shares of Oddity Tech by 44.9% during the third quarter. Catalyst Capital Advisors LLC now owns 20,280 shares of the company's stock valued at $819,000 after buying an additional 6,280 shares during the period. Blue Trust Inc. increased its stake in shares of Oddity Tech by 13.3% during the third quarter. Blue Trust Inc. now owns 4,834 shares of the company's stock valued at $190,000 after buying an additional 566 shares during the period. Finally, Wesbanco Bank Inc. purchased a new position in shares of Oddity Tech during the third quarter valued at $751,000. Institutional investors own 35.88% of the company's stock.

Analysts Set New Price Targets

Separately, Barclays lifted their target price on Oddity Tech from $39.00 to $42.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.33.

Oddity Tech Stock Up 1.5 %

Shares of Oddity Tech stock traded up $0.68 on Wednesday, reaching $45.52. 292,560 shares of the stock were exchanged, compared to its average volume of 655,793. Oddity Tech Ltd. has a twelve month low of $30.34 and a twelve month high of $50.36. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.35 and a beta of 4.45. The business has a 50 day moving average price of $41.53 and a two-hundred day moving average price of $39.60.

Oddity Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.22 by $0.10. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The firm had revenue of $119.00 million during the quarter, compared to analysts' expectations of $116.47 million. During the same period in the previous year, the business earned $0.06 earnings per share. The firm's revenue for the quarter was up 26.0% on a year-over-year basis. Research analysts forecast that Oddity Tech Ltd. will post 1.64 EPS for the current year.

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.