Parallel Advisors LLC Buys 244 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Parallel Advisors LLC grew its stake in Oddity Tech Ltd. (NASDAQ:ODDFree Report) by 69.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 594 shares of the company’s stock after purchasing an additional 244 shares during the period. Parallel Advisors LLC’s holdings in Oddity Tech were worth $28,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. M&T Bank Corp bought a new stake in shares of Oddity Tech during the 4th quarter worth approximately $203,000. Greycroft LP purchased a new position in Oddity Tech during the 3rd quarter worth $227,000. Legato Capital Management LLC purchased a new position in Oddity Tech during the 4th quarter worth $336,000. Eagle Global Advisors LLC purchased a new position in Oddity Tech during the 4th quarter worth $423,000. Finally, New York State Common Retirement Fund purchased a new position in Oddity Tech during the 3rd quarter worth $507,000. 35.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ODD has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Oddity Tech from $35.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Evercore ISI initiated coverage on Oddity Tech in a report on Thursday, April 4th. They issued an “outperform” rating and a $57.00 price target on the stock. Barclays cut their price target on Oddity Tech from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. JMP Securities restated a “market outperform” rating and set a $66.00 target price on shares of Oddity Tech in a research note on Thursday, March 7th. Finally, Truist Financial restated a “buy” rating and set a $58.00 target price on shares of Oddity Tech in a research note on Friday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.75.

Read Our Latest Report on Oddity Tech

Oddity Tech Stock Performance

Shares of ODD opened at $44.31 on Monday. The stock has a 50-day moving average of $36.41 and a two-hundred day moving average of $40.27. Oddity Tech Ltd. has a one year low of $24.12 and a one year high of $56.00. The stock has a market cap of $2.52 billion and a P/E ratio of 36.93.

Oddity Tech (NASDAQ:ODDGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.12. The company had revenue of $211.63 million during the quarter, compared to analysts’ expectations of $205.55 million. Oddity Tech had a return on equity of 26.10% and a net margin of 12.97%. Analysts predict that Oddity Tech Ltd. will post 1.3 EPS for the current fiscal year.

Oddity Tech Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Oddity Tech (NASDAQ:ODD)

Receive News & Ratings for Oddity Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oddity Tech and related companies with MarketBeat.com's FREE daily email newsletter.