Penn Capital Management Company LLC Invests $8.69 Million in Oddity Tech Ltd. (NASDAQ:ODD)

Penn Capital Management Company LLC bought a new position in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 206,806 shares of the company's stock, valued at approximately $8,690,000. Penn Capital Management Company LLC owned approximately 0.36% of Oddity Tech as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Oddity Tech in the 4th quarter worth $42,000. R Squared Ltd acquired a new stake in shares of Oddity Tech in the fourth quarter valued at about $61,000. Wilmington Savings Fund Society FSB acquired a new position in Oddity Tech during the third quarter worth about $99,000. Wells Fargo & Company MN increased its holdings in Oddity Tech by 17.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock valued at $126,000 after purchasing an additional 449 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Oddity Tech in the 4th quarter valued at $246,000. Hedge funds and other institutional investors own 35.88% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. JMP Securities restated a "market outperform" rating and issued a $66.00 price target on shares of Oddity Tech in a report on Tuesday. KeyCorp reduced their target price on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Barclays upped their price target on Oddity Tech from $42.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. cut their price target on shares of Oddity Tech from $56.00 to $50.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, Bank of America boosted their target price on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Oddity Tech presently has an average rating of "Moderate Buy" and an average price target of $53.25.

Oddity Tech Stock Up 1.8 %

ODD opened at $42.27 on Thursday. Oddity Tech Ltd. has a 52-week low of $30.34 and a 52-week high of $51.00. The firm has a market capitalization of $2.36 billion, a P/E ratio of 25.77, a P/E/G ratio of 1.48 and a beta of 3.73. The firm's 50 day moving average is $43.36 and its 200-day moving average is $43.51.

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.

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