Marshall Wace LLP Has $6.04 Million Stake in Oddity Tech Ltd. (NASDAQ:ODD)

Marshall Wace LLP decreased its position in Oddity Tech Ltd. (NASDAQ:ODD) by 65.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,884 shares of the company’s stock after selling 288,799 shares during the period. Marshall Wace LLP owned approximately 0.27% of Oddity Tech worth $6,041,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Oddity Tech by 69.7% in the fourth quarter. Parallel Advisors LLC now owns 594 shares of the company’s stock valued at $28,000 after buying an additional 244 shares during the period. Knuff & Co LLC lifted its holdings in Oddity Tech by 43.1% in the second quarter. Knuff & Co LLC now owns 5,013 shares of the company’s stock valued at $197,000 after buying an additional 1,510 shares during the period. Peregrine Capital Management LLC lifted its holdings in Oddity Tech by 1.3% in the second quarter. Peregrine Capital Management LLC now owns 143,384 shares of the company’s stock valued at $5,629,000 after buying an additional 1,784 shares during the period. Moody National Bank Trust Division lifted its holdings in Oddity Tech by 8.3% in the first quarter. Moody National Bank Trust Division now owns 28,179 shares of the company’s stock valued at $1,224,000 after buying an additional 2,150 shares during the period. Finally, nVerses Capital LLC acquired a new position in Oddity Tech in the second quarter valued at $102,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Oddity Tech Price Performance

NASDAQ:ODD opened at $40.38 on Tuesday. The firm has a 50-day moving average of $37.72 and a 200-day moving average of $38.33. The company has a market cap of $2.30 billion, a PE ratio of 33.65, a PEG ratio of 1.21 and a beta of 4.48. Oddity Tech Ltd. has a one year low of $24.12 and a one year high of $50.36.

Oddity Tech (NASDAQ:ODD) last posted its earnings results on Wednesday, August 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.58 by $0.24. The company had revenue of $192.77 million during the quarter, compared to the consensus estimate of $188.49 million. Oddity Tech had a net margin of 14.66% and a return on equity of 26.66%. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, equities research analysts expect that Oddity Tech Ltd. will post 1.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on ODD. Barclays decreased their price target on shares of Oddity Tech from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Truist Financial reaffirmed a “buy” rating and issued a $58.00 price target on shares of Oddity Tech in a research note on Friday, June 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.43.

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.