Wesbanco Bank Inc. Invests $751,000 in Oddity Tech Ltd. (NASDAQ:ODD)

Wesbanco Bank Inc. purchased a new stake in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 18,600 shares of the company's stock, valued at approximately $751,000.

Several other large investors have also made changes to their positions in ODD. nVerses Capital LLC acquired a new stake in shares of Oddity Tech in the second quarter worth about $102,000. Public Employees Retirement Association of Colorado acquired a new position in Oddity Tech during the second quarter valued at approximately $102,000. Federated Hermes Inc. bought a new position in shares of Oddity Tech in the second quarter valued at approximately $113,000. Mendota Financial Group LLC acquired a new stake in shares of Oddity Tech in the third quarter worth $162,000. Finally, Knuff & Co LLC lifted its stake in shares of Oddity Tech by 43.1% in the second quarter. Knuff & Co LLC now owns 5,013 shares of the company's stock worth $197,000 after buying an additional 1,510 shares during the last quarter. Institutional investors own 35.88% of the company's stock.

Analyst Ratings Changes

Separately, Barclays dropped their target price on shares of Oddity Tech from $40.00 to $39.00 and set an "equal weight" rating on the stock in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $52.83.

Oddity Tech Price Performance

Shares of Oddity Tech stock traded down $0.55 during midday trading on Thursday, hitting $40.64. The company had a trading volume of 107,585 shares, compared to its average volume of 700,321. The stock has a market cap of $2.31 billion, a PE ratio of 34.14, a P/E/G ratio of 1.37 and a beta of 4.49. Oddity Tech Ltd. has a 1-year low of $24.12 and a 1-year high of $50.36. The business's 50 day simple moving average is $37.81 and its two-hundred day simple moving average is $38.10.

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

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.