Oddity Tech Ltd. (NASDAQ:ODD) Stake Lowered by Marshall Wace LLP

Marshall Wace LLP lessened its stake in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 65.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 153,884 shares of the company's stock after selling 288,799 shares during the quarter. Marshall Wace LLP owned about 0.27% of Oddity Tech worth $6,041,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Parallel Advisors LLC raised its position in shares of Oddity Tech by 69.7% in the 4th quarter. Parallel Advisors LLC now owns 594 shares of the company's stock worth $28,000 after buying an additional 244 shares during the period. nVerses Capital LLC purchased a new stake in shares of Oddity Tech during the 2nd quarter worth about $102,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of Oddity Tech during the 2nd quarter worth about $102,000. Federated Hermes Inc. acquired a new stake in Oddity Tech during the 2nd quarter worth approximately $113,000. Finally, Knuff & Co LLC lifted its position in Oddity Tech by 43.1% during the second quarter. Knuff & Co LLC now owns 5,013 shares of the company's stock valued at $197,000 after buying an additional 1,510 shares in the last quarter. 35.88% of the stock is owned by hedge funds and other institutional investors.

Oddity Tech Stock Up 1.1 %

Shares of ODD traded up $0.46 during trading on Tuesday, reaching $40.84. The company's stock had a trading volume of 514,108 shares, compared to its average volume of 731,206. Oddity Tech Ltd. has a twelve month low of $24.12 and a twelve month high of $50.36. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 1.21 and a beta of 4.48. The company has a fifty day moving average of $37.72 and a two-hundred day moving average of $38.33.

Oddity Tech (NASDAQ:ODD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.24. The company had revenue of $192.77 million during the quarter, compared to analyst estimates of $188.49 million. Oddity Tech had a net margin of 14.66% and a return on equity of 26.66%. The firm's revenue for the quarter was up 27.4% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. As a group, equities analysts forecast that Oddity Tech Ltd. will post 1.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on ODD. Barclays dropped their price objective on shares of Oddity Tech from $40.00 to $39.00 and set an "equal weight" rating for the company in a research report on Friday, August 9th. Truist Financial reaffirmed a "buy" rating and issued a $58.00 target price on shares of Oddity Tech in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Oddity Tech presently has a consensus rating of "Moderate Buy" and an average target price of $52.43.

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.