Ibex Investors LLC Acquires 100,000 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Ibex Investors LLC raised its holdings in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 46.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 315,000 shares of the company's stock after acquiring an additional 100,000 shares during the quarter. Oddity Tech accounts for about 11.4% of Ibex Investors LLC's portfolio, making the stock its 4th biggest holding. Ibex Investors LLC owned 0.55% of Oddity Tech worth $13,236,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ODD. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Oddity Tech in the 4th quarter worth $42,000. R Squared Ltd purchased a new position in Oddity Tech in the 4th quarter worth about $61,000. Wilmington Savings Fund Society FSB acquired a new stake in Oddity Tech during the 3rd quarter worth about $99,000. Wells Fargo & Company MN lifted its stake in Oddity Tech by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock valued at $126,000 after buying an additional 449 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Oddity Tech in the fourth quarter worth about $246,000. Institutional investors own 35.88% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Barclays raised their target price on Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. KeyCorp upped their price target on Oddity Tech from $50.00 to $52.00 and gave the company an "overweight" rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. started coverage on Oddity Tech in a research report on Friday, January 31st. They set an "overweight" rating and a $55.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Oddity Tech has a consensus rating of "Moderate Buy" and a consensus price target of $52.43.

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Oddity Tech Price Performance

ODD traded down $0.07 during trading on Friday, reaching $41.58. 279,570 shares of the stock traded hands, compared to its average volume of 524,450. Oddity Tech Ltd. has a fifty-two week low of $30.34 and a fifty-two week high of $51.00. The stock's 50-day simple moving average is $43.70 and its two-hundred day simple moving average is $43.49. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.48 and a beta of 3.73.

Oddity Tech 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.