299,277 Shares in Oddity Tech Ltd. (NASDAQ:ODD) Bought by Wellington Management Group LLP

Wellington Management Group LLP purchased a new stake in shares of Oddity Tech Ltd. (NASDAQ:ODD) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 299,277 shares of the company’s stock, valued at approximately $12,085,000.

Several other institutional investors have also recently made changes to their positions in ODD. Blue Trust Inc. lifted its holdings in Oddity Tech by 13.3% in the 3rd quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock worth $190,000 after purchasing an additional 566 shares in the last quarter. Knuff & Co LLC boosted its position in shares of Oddity Tech by 43.1% during the second quarter. Knuff & Co LLC now owns 5,013 shares of the company’s stock worth $197,000 after acquiring an additional 1,510 shares during the last quarter. Peregrine Capital Management LLC grew its stake in Oddity Tech by 1.3% during the second quarter. Peregrine Capital Management LLC now owns 143,384 shares of the company’s stock valued at $5,629,000 after acquiring an additional 1,784 shares in the last quarter. Centiva Capital LP increased its holdings in Oddity Tech by 23.1% in the 3rd quarter. Centiva Capital LP now owns 9,624 shares of the company’s stock valued at $389,000 after acquiring an additional 1,804 shares during the last quarter. Finally, Verition Fund Management LLC lifted its stake in Oddity Tech by 7.2% in the 3rd quarter. Verition Fund Management LLC now owns 35,248 shares of the company’s stock worth $1,423,000 after purchasing an additional 2,368 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Analysts Set New Price Targets

ODD has been the subject of a number of research analyst reports. Morgan Stanley raised their price objective on Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday. The Goldman Sachs Group began coverage on shares of Oddity Tech in a research report on Friday. They issued a “neutral” rating and a $48.00 price target on the stock. Finally, Barclays increased their price objective on shares of 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Oddity Tech Stock Performance

ODD opened at $49.45 on Friday. Oddity Tech Ltd. has a one year low of $30.34 and a one year high of $51.00. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 30.15, a P/E/G ratio of 1.43 and a beta of 4.45. The stock’s 50 day moving average price is $42.84 and its 200-day moving average price is $40.17.

Oddity Tech (NASDAQ:ODD) last released its earnings results on Wednesday, November 6th. The company reported $0.32 earnings per share for the quarter, topping 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 was up 26.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. As a group, analysts predict that Oddity Tech Ltd. will post 1.64 earnings per share for the current fiscal year.

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.