Russell Investments Group Ltd. Buys Shares of 14,484 Oddity Tech Ltd. (NASDAQ:ODD)

Russell Investments Group Ltd. purchased a new position in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,484 shares of the company's stock, valued at approximately $609,000.

Several other hedge funds and other institutional investors have also modified their holdings of ODD. Mark Sheptoff Financial Planning LLC bought a new position in Oddity Tech in the fourth quarter worth about $42,000. R Squared Ltd acquired a new stake in shares of Oddity Tech during the 4th quarter worth approximately $61,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Oddity Tech in the 3rd quarter worth approximately $99,000. Wells Fargo & Company MN boosted its position in Oddity Tech by 17.6% during 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 period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Oddity Tech during the 4th quarter worth $246,000. 35.88% of the stock is owned by institutional investors and hedge funds.

Oddity Tech Price Performance

Shares of NASDAQ:ODD opened at $41.53 on Wednesday. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.48 and a beta of 3.73. Oddity Tech Ltd. has a 12 month low of $30.34 and a 12 month high of $51.00. The stock's 50 day moving average price is $43.38 and its 200 day moving average price is $43.52.

Wall Street Analysts Forecast Growth

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

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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