50,913 Shares in Oddity Tech Ltd. (NASDAQ:ODD) Bought by Aurora Investment Counsel

Aurora Investment Counsel purchased a new stake in Oddity Tech Ltd. (NASDAQ:ODD) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 50,913 shares of the company’s stock, valued at approximately $2,056,000. Oddity Tech comprises 1.1% of Aurora Investment Counsel’s investment portfolio, making the stock its 28th biggest holding.

Other large investors have also made changes to their positions in the company. nVerses Capital LLC acquired a new stake in Oddity Tech in the 2nd quarter worth $102,000. Public Employees Retirement Association of Colorado bought a new stake in shares of Oddity Tech in the 2nd quarter worth approximately $102,000. Federated Hermes Inc. acquired a new stake in shares of Oddity Tech during the 2nd quarter worth approximately $113,000. Mendota Financial Group LLC acquired a new position in shares of Oddity Tech in the third quarter valued at $162,000. Finally, Blue Trust Inc. raised its stake in shares of Oddity Tech by 13.3% in the third quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock valued at $190,000 after purchasing an additional 566 shares in the last quarter. Institutional investors and hedge funds own 35.88% of the company’s stock.

Oddity Tech Stock Down 0.5 %

Oddity Tech stock opened at $40.31 on Thursday. The stock has a 50-day simple moving average of $39.67 and a 200 day simple moving average of $39.15. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 1.22 and a beta of 4.40. Oddity Tech Ltd. has a 12-month low of $30.34 and a 12-month high of $50.36.

Oddity Tech (NASDAQ:ODD) last announced its earnings results on Wednesday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The company had revenue of $119.00 million for the quarter, compared to analyst estimates of $116.47 million. During the same period in the prior year, the business earned $0.06 earnings per share. Oddity Tech’s quarterly revenue was up 26.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Oddity Tech Ltd. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

Separately, Barclays lifted their price target on shares of Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.33.

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.