Franklin Resources Inc. Has $99.34 Million Stock Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Franklin Resources Inc. lessened its position in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,364,068 shares of the company's stock after selling 275,624 shares during the quarter. Franklin Resources Inc. owned approximately 4.16% of Oddity Tech worth $99,338,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ODD. Mark Sheptoff Financial Planning LLC purchased a new stake in Oddity Tech in the fourth quarter valued at $42,000. R Squared Ltd acquired a new position in shares of Oddity Tech during the 4th quarter worth approximately $61,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Oddity Tech during the 3rd quarter worth about $99,000. Quarry LP purchased a new position in Oddity Tech during the third quarter worth about $122,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Oddity Tech during the 4th quarter valued at $246,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ODD has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of Oddity Tech from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. initiated coverage on Oddity Tech in a research report on Friday, January 31st. They issued an "overweight" rating and a $55.00 target price for the company. Bank of America upped their target price on Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Barclays raised their target price on Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group assumed coverage on shares of Oddity Tech in a research note on Friday, December 13th. They set a "neutral" rating and a $48.00 target price for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.43.

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Oddity Tech Stock Performance

Oddity Tech stock traded up $0.20 on Monday, reaching $38.17. The company's stock had a trading volume of 787,016 shares, compared to its average volume of 525,655. The business's fifty day moving average price is $44.52 and its 200 day moving average price is $43.33. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 1.48 and a beta of 3.73. Oddity Tech Ltd. has a twelve month low of $30.34 and a twelve month high of $51.00.

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.