Hood River Capital Management LLC Acquires 11,711 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Hood River Capital Management LLC increased its holdings in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 729,536 shares of the company's stock after purchasing an additional 11,711 shares during the quarter. Hood River Capital Management LLC owned 1.28% of Oddity Tech worth $30,655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. D.A. Davidson & CO. boosted its holdings in Oddity Tech by 1.1% during the 4th quarter. D.A. Davidson & CO. now owns 25,838 shares of the company's stock valued at $1,086,000 after acquiring an additional 273 shares during the period. Wells Fargo & Company MN grew its holdings in Oddity Tech by 17.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after acquiring an additional 449 shares during the last quarter. American Century Companies Inc. increased its position in shares of Oddity Tech by 5.1% in the fourth quarter. American Century Companies Inc. now owns 12,334 shares of the company's stock valued at $518,000 after acquiring an additional 593 shares during the period. Geode Capital Management LLC raised its position in Oddity Tech by 1.2% during the 3rd 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 during the last quarter. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in Oddity Tech in the fourth quarter worth $42,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Oddity Tech Stock Performance

ODD opened at $41.53 on Wednesday. The stock's 50 day moving average price is $43.38 and its 200-day moving average price is $43.52. Oddity Tech Ltd. has a one year low of $30.34 and a one year high of $51.00. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 1.48 and a beta of 3.73.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. KeyCorp lowered their price objective on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Barclays raised their price objective on Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. JMP Securities reiterated a "market outperform" rating and issued a $66.00 price target on shares of Oddity Tech in a research note on Tuesday. Bank of America boosted their price objective on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Oddity Tech from $56.00 to $50.00 and set an "overweight" rating for the company in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $53.25.

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.

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