Bamco Inc. NY Boosts Stock Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Bamco Inc. NY boosted its stake in Oddity Tech Ltd. (NASDAQ:ODD) by 40.4% during the first quarter, Holdings Channel.com reports. The fund owned 1,063,183 shares of the company’s stock after purchasing an additional 305,767 shares during the quarter. Bamco Inc. NY’s holdings in Oddity Tech were worth $46,195,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in Oddity Tech by 69.7% in the 4th quarter. Parallel Advisors LLC now owns 594 shares of the company’s stock valued at $28,000 after acquiring an additional 244 shares during the period. M&T Bank Corp acquired a new stake in Oddity Tech during the 4th quarter worth $203,000. Janney Montgomery Scott LLC acquired a new stake in Oddity Tech during the 1st quarter worth $301,000. Eagle Global Advisors LLC acquired a new stake in Oddity Tech during the 4th quarter worth $423,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Oddity Tech during the 1st quarter worth $496,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Analysts Set New Price Targets

ODD has been the topic of several recent research reports. Truist Financial reaffirmed a “buy” rating and set a $58.00 target price on shares of Oddity Tech in a research note on Friday, June 7th. Barclays lowered their target price on shares of Oddity Tech from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Finally, Evercore ISI initiated coverage on shares of Oddity Tech in a research note on Thursday, April 4th. They set an “outperform” rating and a $57.00 target price on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.50.

Oddity Tech Stock Performance

Shares of ODD stock traded up $0.44 on Friday, hitting $41.60. 577,997 shares of the stock traded hands, compared to its average volume of 346,135. The firm’s 50-day moving average price is $39.57 and its two-hundred day moving average price is $40.09. The stock has a market capitalization of $2.37 billion and a PE ratio of 34.67. Oddity Tech Ltd. has a twelve month low of $24.12 and a twelve month high of $56.00.

Oddity Tech (NASDAQ:ODD) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.12. The firm had revenue of $211.63 million for the quarter, compared to analysts’ expectations of $205.55 million. Oddity Tech had a net margin of 12.97% and a return on equity of 26.10%. On average, equities research analysts anticipate that Oddity Tech Ltd. will post 1.34 EPS for the current fiscal year.

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.