Wilmington Savings Fund Society FSB Invests $99,000 in Oddity Tech Ltd. (NASDAQ:ODD)

Wilmington Savings Fund Society FSB purchased a new stake in shares of Oddity Tech Ltd. (NASDAQ:ODD) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,450 shares of the company’s stock, valued at approximately $99,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its stake in Oddity Tech by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,273,469 shares of the company’s stock worth $49,996,000 after purchasing an additional 5,417 shares during the last quarter. Bamco Inc. NY lifted its stake in shares of Oddity Tech by 0.8% during the 3rd quarter. Bamco Inc. NY now owns 1,246,046 shares of the company’s stock worth $50,315,000 after acquiring an additional 9,665 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in Oddity Tech by 8.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 596,940 shares of the company’s stock valued at $23,436,000 after acquiring an additional 47,390 shares during the period. Hood River Capital Management LLC purchased a new position in Oddity Tech during the 2nd quarter valued at $23,397,000. Finally, Janus Henderson Group PLC grew its position in Oddity Tech by 11.1% in the 3rd quarter. Janus Henderson Group PLC now owns 492,198 shares of the company’s stock valued at $19,877,000 after acquiring an additional 49,101 shares during the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Oddity Tech Price Performance

Shares of ODD stock opened at $43.76 on Friday. The company has a market cap of $2.49 billion, a P/E ratio of 26.68, a PEG ratio of 1.49 and a beta of 4.45. The stock’s 50-day moving average is $43.47 and its 200 day moving average is $40.46. Oddity Tech Ltd. has a 1-year low of $30.34 and a 1-year high of $51.00.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.32 earnings per share 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 analysts’ expectations of $116.47 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The company’s revenue was up 26.0% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. On average, analysts anticipate that Oddity Tech Ltd. will post 1.64 EPS for the current year.

Analyst Upgrades and Downgrades

ODD has been the topic of a number of research analyst reports. The Goldman Sachs Group assumed coverage on shares of Oddity Tech in a report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price target on the stock. Morgan Stanley raised their target price on shares of Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Barclays increased their price objective on Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

Oddity Tech 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.