Harbor Capital Advisors Inc. purchased a new stake in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 42,062 shares of the company's stock, valued at approximately $1,767,000. Harbor Capital Advisors Inc. owned 0.07% of Oddity Tech at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Blue Trust Inc. grew its position in 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 purchasing an additional 566 shares in the last quarter. Geode Capital Management LLC grew its position in Oddity Tech by 1.2% during the third quarter. Geode Capital Management LLC now owns 63,625 shares of the company's stock valued at $2,569,000 after purchasing an additional 750 shares in the last quarter. Centiva Capital LP grew its position in Oddity Tech by 23.1% during the third quarter. Centiva Capital LP now owns 9,624 shares of the company's stock valued at $389,000 after purchasing an additional 1,804 shares in the last quarter. Verition Fund Management LLC grew its position in Oddity Tech by 7.2% during the third quarter. Verition Fund Management LLC now owns 35,248 shares of the company's stock valued at $1,423,000 after purchasing an additional 2,368 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Oddity Tech during the third quarter valued at approximately $99,000. Institutional investors and hedge funds own 35.88% of the company's stock.
Analysts Set New Price Targets
Several research firms have commented on ODD. Morgan Stanley boosted their target price on shares of Oddity Tech from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. KeyCorp boosted their target price 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. Barclays boosted their target price on shares of Oddity Tech from $39.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group began coverage on shares of Oddity Tech in a research report on Friday, December 13th. They issued a "neutral" rating and a $48.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $52.88.
Read Our Latest Analysis on ODD
Oddity Tech Price Performance
Shares of NASDAQ ODD traded down $1.02 during trading hours on Monday, hitting $43.17. 517,700 shares of the stock were exchanged, compared to its average volume of 419,440. The company's 50 day moving average is $44.72 and its 200 day moving average is $40.94. The firm has a market capitalization of $2.45 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.49 and a beta of 4.30. Oddity Tech Ltd. has a one year low of $30.34 and a one year high of $51.00.
Oddity Tech (NASDAQ:ODD - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.10. The business had revenue of $119.00 million during the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $0.06 EPS. Research analysts anticipate that Oddity Tech Ltd. will post 1.64 earnings per share for the current fiscal year.
Oddity Tech Company Profile
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Free Report)
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.
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