Oddity Tech Ltd. (NASDAQ:ODD) Shares Bought by Bamco Inc. NY

Bamco Inc. NY grew its stake in Oddity Tech Ltd. (NASDAQ:ODD) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,246,046 shares of the company’s stock after purchasing an additional 9,665 shares during the quarter. Bamco Inc. NY’s holdings in Oddity Tech were worth $50,315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Massachusetts Financial Services Co. MA raised its stake in Oddity Tech by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,273,469 shares of the company’s stock valued at $49,996,000 after purchasing an additional 5,417 shares during the last quarter. Y.D. More Investments Ltd raised its position in shares of Oddity Tech by 8.6% in the second quarter. Y.D. More Investments Ltd now owns 596,940 shares of the company’s stock valued at $23,436,000 after buying an additional 47,390 shares during the last quarter. Hood River Capital Management LLC purchased a new position in shares of Oddity Tech in the second quarter worth about $23,397,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in Oddity Tech by 491.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 295,764 shares of the company’s stock valued at $11,612,000 after acquiring an additional 245,764 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Oddity Tech during the 2nd quarter valued at about $6,744,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Oddity Tech Price Performance

Shares of ODD stock opened at $44.85 on Tuesday. The firm’s 50-day moving average is $41.14 and its two-hundred day moving average is $39.58. Oddity Tech Ltd. has a 12 month low of $30.34 and a 12 month high of $50.36. The company has a market capitalization of $2.55 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 1.40 and a beta of 4.46.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. The firm had revenue of $119.00 million for 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%. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 earnings per share. Sell-side analysts forecast that Oddity Tech Ltd. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

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

Oddity Tech Company Profile

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.