KLP Kapitalforvaltning AS Acquires Shares of 7,200 Oddity Tech Ltd. (NASDAQ:ODD)

KLP Kapitalforvaltning AS bought a new stake in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,200 shares of the company's stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ODD. Nordea Investment Management AB bought a new stake in Oddity Tech during the fourth quarter worth about $797,000. Harbor Capital Advisors Inc. bought a new stake in Oddity Tech in the 4th quarter worth approximately $1,767,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Oddity Tech by 4.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,104 shares of the company's stock worth $2,387,000 after buying an additional 2,665 shares during the last quarter. State Street Corp grew its position in Oddity Tech by 5.7% during the third quarter. State Street Corp now owns 236,199 shares of the company's stock valued at $9,538,000 after acquiring an additional 12,700 shares during the last quarter. Finally, 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 acquiring an additional 750 shares during the last quarter. 35.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ODD shares. KeyCorp upped their price objective on shares of Oddity Tech from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Wednesday, January 8th. Bank of America raised their price objective on Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. began coverage on Oddity Tech in a research note on Friday, January 31st. They issued an "overweight" rating and a $55.00 target price for the company. Morgan Stanley raised their price target on Oddity Tech from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Finally, Barclays boosted 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $52.43.

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Oddity Tech Stock Down 0.2 %

Shares of Oddity Tech stock traded down $0.07 during trading on Friday, reaching $41.58. 279,570 shares of the stock were exchanged, compared to its average volume of 526,437. Oddity Tech Ltd. has a 1 year low of $30.34 and a 1 year high of $51.00. The firm 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. The stock's fifty day moving average is $43.70 and its 200 day moving average is $43.46.

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.