Renaissance Technologies LLC Sells 65,100 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Renaissance Technologies LLC reduced its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 24.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,800 shares of the company's stock after selling 65,100 shares during the quarter. Renaissance Technologies LLC owned about 0.36% of Oddity Tech worth $8,564,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ODD. Russell Investments Group Ltd. bought a new position in shares of Oddity Tech in the fourth quarter worth $609,000. Wells Fargo & Company MN boosted its stake in Oddity Tech by 17.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock worth $126,000 after purchasing an additional 449 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Oddity Tech by 0.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,283,074 shares of the company's stock valued at $53,915,000 after buying an additional 11,716 shares in the last quarter. Geode Capital Management LLC grew its stake in Oddity Tech by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 64,440 shares of the company's stock valued at $2,708,000 after acquiring an additional 815 shares in the last quarter. Finally, Norges Bank bought a new stake in Oddity Tech during the 4th quarter worth approximately $9,470,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Oddity Tech Stock Up 3.6 %

Shares of NASDAQ ODD traded up $1.50 during midday trading on Wednesday, reaching $43.03. The company had a trading volume of 98,833 shares, compared to its average volume of 513,690. The stock has a market cap of $2.40 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 1.48 and a beta of 3.73. Oddity Tech Ltd. has a one year low of $30.34 and a one year high of $51.00. The firm's fifty day moving average price is $43.38 and its 200-day moving average price is $43.52.

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.