Baillie Gifford & Co. lessened its stake in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 3.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,969,581 shares of the company's stock after selling 189,740 shares during the quarter. Baillie Gifford & Co. owned about 10.50% of Oddity Tech worth $250,842,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Oddity Tech during the 4th quarter valued at about $61,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Oddity Tech during the 3rd quarter valued at about $99,000. Quarry LP bought a new stake in shares of Oddity Tech during the 3rd quarter valued at about $122,000. Blue Trust Inc. lifted its position in Oddity Tech by 13.3% in the 3rd quarter. Blue Trust Inc. now owns 4,834 shares of the company's stock worth $190,000 after buying an additional 566 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Oddity Tech in the 3rd quarter worth approximately $349,000. Hedge funds and other institutional investors own 35.88% of the company's stock.
Analyst Upgrades and Downgrades
ODD has been the subject of a number of recent research reports. Barclays boosted their target price on Oddity Tech from $39.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. started coverage on Oddity Tech in a research note on Friday, January 31st. They issued an "overweight" rating and a $55.00 price target on the stock. KeyCorp lifted their price target on Oddity Tech from $50.00 to $52.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 8th. Morgan Stanley lifted their price target on Oddity Tech from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group assumed coverage on Oddity Tech in a research note on Friday, December 13th. They issued a "neutral" rating and a $48.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Oddity Tech has an average rating of "Moderate Buy" and a consensus price target of $53.11.
Check Out Our Latest Research Report on Oddity Tech
Oddity Tech Stock Down 0.7 %
Oddity Tech stock traded down $0.29 during midday trading on Thursday, reaching $44.17. 172,319 shares of the stock traded hands, compared to its average volume of 399,619. The stock has a market cap of $2.51 billion, a P/E ratio of 26.93, a PEG ratio of 1.49 and a beta of 4.34. Oddity Tech Ltd. has a 12 month low of $30.34 and a 12 month high of $51.00. The stock's fifty day moving average is $44.60 and its 200-day moving average is $41.68.
Oddity Tech Company Profile
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Free Report)
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.
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