State Street Corp Has $9.54 Million Position in Oddity Tech Ltd. (NASDAQ:ODD)

State Street Corp grew its holdings in Oddity Tech Ltd. (NASDAQ:ODD - Free Report) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 236,199 shares of the company's stock after purchasing an additional 12,700 shares during the period. State Street Corp owned about 0.42% of Oddity Tech worth $9,538,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ODD. Hood River Capital Management LLC purchased a new position in Oddity Tech in the second quarter valued at about $23,397,000. Cubist Systematic Strategies LLC bought a new stake in shares of Oddity Tech in the 2nd quarter valued at approximately $6,744,000. Bank of New York Mellon Corp raised its position in Oddity Tech by 1,303.8% during the second quarter. Bank of New York Mellon Corp now owns 145,196 shares of the company's stock valued at $5,700,000 after acquiring an additional 134,853 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Oddity Tech in the second quarter valued at approximately $3,722,000. Finally, Aurora Investment Counsel bought a new stake in Oddity Tech in the third quarter worth approximately $2,056,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

Oddity Tech Price Performance

Shares of NASDAQ ODD traded up $0.07 during trading hours on Friday, hitting $43.55. 259,154 shares of the company's stock were exchanged, compared to its average volume of 643,918. The company's 50-day moving average price is $43.86 and its 200-day moving average price is $40.68. Oddity Tech Ltd. has a 1-year low of $30.34 and a 1-year high of $51.00. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 1.49 and a beta of 4.46.

Oddity Tech (NASDAQ:ODD - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.10. The company had revenue of $119.00 million during the quarter, compared to analysts' expectations of $116.47 million. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. Oddity Tech's revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. On average, research analysts expect that Oddity Tech Ltd. will post 1.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ODD shares. The Goldman Sachs Group initiated coverage on shares of Oddity Tech in a research note on Friday, December 13th. They issued a "neutral" rating and a $48.00 price objective for the company. Morgan Stanley upped 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, Barclays raised their price objective on Oddity Tech from $39.00 to $42.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oddity Tech has a consensus rating of "Moderate Buy" and a consensus target price of $53.00.

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.