Oddity Tech Ltd. (NASDAQ:ODD) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund increased its holdings in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 18,799.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,390 shares of the company's stock after buying an additional 143,626 shares during the period. New York State Common Retirement Fund owned about 0.25% of Oddity Tech worth $6,067,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in shares of Oddity Tech during the 4th quarter worth about $61,000. Wilmington Savings Fund Society FSB acquired a new position in Oddity Tech in the third quarter valued at $99,000. Quarry LP purchased a new position in Oddity Tech during the third quarter worth about $122,000. Blue Trust Inc. lifted its position in Oddity Tech by 33.2% during the fourth quarter. Blue Trust Inc. now owns 6,437 shares of the company's stock worth $260,000 after buying an additional 1,603 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Oddity Tech in the 3rd quarter worth about $349,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ODD has been the subject of a number of research analyst reports. Bank of America upped their price objective on shares of Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday. Barclays upped their price target on shares of Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Thursday. KeyCorp lifted their price target on shares of Oddity Tech from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Wednesday, January 8th. The Goldman Sachs Group assumed coverage on Oddity Tech in a report on Friday, December 13th. They set a "neutral" rating and a $48.00 price objective for the company. Finally, JPMorgan Chase & Co. started coverage on Oddity Tech in a research report on Friday, January 31st. They issued an "overweight" rating and a $55.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Oddity Tech currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.44.

Oddity Tech Trading Down 5.0 %

Shares of ODD traded down $2.37 during midday trading on Monday, reaching $45.25. 365,404 shares of the company were exchanged, compared to its average volume of 465,497. Oddity Tech Ltd. has a 1-year low of $30.34 and a 1-year high of $51.00. The stock has a 50-day moving average price of $44.24 and a 200-day moving average price of $41.99. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 1.48 and a beta of 4.34.

Oddity Tech Company 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.