Oddity Tech Ltd. (NASDAQ:ODD) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its stake in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 0.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,639,692 shares of the company’s stock after selling 1,429 shares during the period. Franklin Resources Inc.’s holdings in Oddity Tech were worth $106,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Catalyst Capital Advisors LLC purchased a new position in Oddity Tech in the second quarter worth $550,000. Bank of New York Mellon Corp raised its position in Oddity Tech by 1,303.8% in the second quarter. Bank of New York Mellon Corp now owns 145,196 shares of the company’s stock worth $5,700,000 after acquiring an additional 134,853 shares in the last quarter. ARK Investment Management LLC raised its position in Oddity Tech by 30.5% in the second quarter. ARK Investment Management LLC now owns 64,468 shares of the company’s stock worth $2,531,000 after acquiring an additional 15,062 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in Oddity Tech by 491.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 295,764 shares of the company’s stock worth $11,612,000 after acquiring an additional 245,764 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Oddity Tech by 340.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,003 shares of the company’s stock worth $353,000 after acquiring an additional 6,958 shares in the last quarter. 35.88% of the stock is owned by institutional investors and hedge funds.

Oddity Tech Stock Down 1.0 %

Shares of ODD stock opened at $49.45 on Monday. Oddity Tech Ltd. has a fifty-two week low of $30.34 and a fifty-two week high of $51.00. The stock has a market cap of $2.81 billion, a P/E ratio of 30.15, a P/E/G ratio of 1.43 and a beta of 4.45. The business has a fifty day simple moving average of $42.84 and a 200-day simple moving average of $40.20.

Oddity Tech (NASDAQ:ODD) last posted 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 business had revenue of $119.00 million for the quarter, compared to analyst estimates of $116.47 million. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share. On average, sell-side analysts anticipate that Oddity Tech Ltd. will post 1.64 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Oddity Tech in a research report on Friday. They issued a “neutral” rating and a $48.00 price objective for the company. Morgan Stanley increased their price objective on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Barclays raised their price target on Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Oddity Tech has an average rating of “Moderate Buy” and an average 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.