GSA Capital Partners LLP Has $1.24 Million Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

GSA Capital Partners LLP raised its holdings in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 267.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,649 shares of the company's stock after buying an additional 22,319 shares during the quarter. GSA Capital Partners LLP owned 0.05% of Oddity Tech worth $1,238,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ODD. nVerses Capital LLC bought a new stake in shares of Oddity Tech in the 2nd quarter worth about $102,000. Public Employees Retirement Association of Colorado acquired a new position in Oddity Tech during the 2nd quarter valued at about $102,000. Federated Hermes Inc. acquired a new position in Oddity Tech during the 2nd quarter valued at about $113,000. Mendota Financial Group LLC acquired a new stake in shares of Oddity Tech in the 3rd quarter valued at approximately $162,000. Finally, Blue Trust Inc. raised its position in shares of 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 period. Institutional investors own 35.88% of the company's stock.

Wall Street Analyst Weigh In

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

Oddity Tech Price Performance

Oddity Tech stock traded down $0.53 during mid-day trading on Friday, hitting $41.86. 16,656 shares of the company's stock traded hands, compared to its average volume of 665,970. The firm has a 50 day simple moving average of $39.14 and a two-hundred day simple moving average of $38.92. Oddity Tech Ltd. has a fifty-two week low of $30.34 and a fifty-two week high of $50.36. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 25.85, a P/E/G ratio of 1.52 and a beta of 4.40.

Oddity Tech (NASDAQ:ODD - Get Free Report) last posted its 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 company had revenue of $119.00 million during the quarter, compared to the consensus estimate of $116.47 million. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The company's revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. On average, research analysts anticipate that Oddity Tech Ltd. will post 1.46 earnings per share for the current fiscal 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.