Teacher Retirement System of Texas Raises Stake in ODDITY Tech Ltd. (NASDAQ:ODD)

Teacher Retirement System of Texas increased its stake in shares of ODDITY Tech Ltd. (NASDAQ:ODD) by 81.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,287 shares of the company’s stock after buying an additional 6,845 shares during the period. Teacher Retirement System of Texas’ holdings in ODDITY Tech were worth $661,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Sheets Smith Wealth Management lifted its holdings in ODDITY Tech by 1.5% during the first quarter. Sheets Smith Wealth Management now owns 20,792 shares of the company’s stock valued at $899,000 after purchasing an additional 315 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of ODDITY Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock valued at $126,000 after purchasing an additional 449 shares during the period. California State Teachers Retirement System lifted its stake in shares of ODDITY Tech by 1.7% during the 4th quarter. California State Teachers Retirement System now owns 31,401 shares of the company’s stock valued at $1,319,000 after buying an additional 511 shares in the last quarter. American Century Companies Inc. boosted its holdings in ODDITY Tech by 5.1% in the 4th quarter. American Century Companies Inc. now owns 12,334 shares of the company’s stock worth $518,000 after buying an additional 593 shares during the period. Finally, Geode Capital Management LLC grew its stake in ODDITY Tech by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 64,440 shares of the company’s stock valued at $2,708,000 after buying an additional 815 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

ODDITY Tech Trading Up 2.5%

Shares of ODD opened at $73.06 on Wednesday. ODDITY Tech Ltd. has a 12-month low of $32.71 and a 12-month high of $79.18. The company has a market cap of $4.08 billion, a PE ratio of 41.99, a price-to-earnings-growth ratio of 3.32 and a beta of 3.30. The stock has a 50-day moving average price of $71.36 and a 200-day moving average price of $54.02.

ODDITY Tech (NASDAQ:ODD) last announced its earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. ODDITY Tech had a net margin of 15.12% and a return on equity of 30.67%. The business had revenue of $268.08 million for the quarter, compared to the consensus estimate of $260.71 million. During the same period last year, the firm posted $0.61 earnings per share. ODDITY Tech’s quarterly revenue was up 26.7% on a year-over-year basis. As a group, analysts predict that ODDITY Tech Ltd. will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. JMP Securities restated a “market outperform” rating and set a $66.00 target price on shares of ODDITY Tech in a research report on Tuesday, April 22nd. Bank of America increased their price objective on ODDITY Tech from $68.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, June 27th. Barclays lifted their target price on ODDITY Tech from $60.00 to $73.00 and gave the company an “equal weight” rating in a report on Tuesday. The Goldman Sachs Group increased their price target on shares of ODDITY Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Finally, KeyCorp raised their price objective on shares of ODDITY Tech from $65.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.13.

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.