Amundi acquired a new stake in ODDITY Tech Ltd. (NASDAQ:ODD – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 119,295 shares of the company’s stock, valued at approximately $4,926,000. Amundi owned approximately 0.21% of ODDITY Tech at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of ODD. Deutsche Bank AG increased its position in ODDITY Tech by 65.0% during the first quarter. Deutsche Bank AG now owns 1,340 shares of the company’s stock worth $58,000 after buying an additional 528 shares in the last quarter. Federated Hermes Inc. acquired a new position in ODDITY Tech in the first quarter valued at $190,000. State of Wyoming acquired a new position in shares of ODDITY Tech during the first quarter worth about $269,000. PharVision Advisers LLC acquired a new position in shares of ODDITY Tech during the fourth quarter worth about $299,000. Finally, Blue Trust Inc. increased its position in shares of ODDITY Tech by 15.4% during the first quarter. Blue Trust Inc. now owns 7,573 shares of the company’s stock worth $328,000 after acquiring an additional 1,008 shares during the last quarter. 35.88% of the stock is owned by hedge funds and other institutional investors.
ODDITY Tech Stock Down 2.0%
NASDAQ ODD opened at $62.37 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 5.57 and a current ratio of 6.32. The firm has a 50-day simple moving average of $65.56 and a 200 day simple moving average of $59.51. ODDITY Tech Ltd. has a twelve month low of $32.71 and a twelve month high of $79.18. The stock has a market cap of $3.48 billion, a PE ratio of 34.65, a PEG ratio of 3.03 and a beta of 3.25.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Morgan Stanley boosted their price objective on ODDITY Tech from $56.00 to $61.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Truist Financial boosted their price objective on ODDITY Tech from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. boosted their price objective on ODDITY Tech from $63.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 3rd. Barclays upped their target price on ODDITY Tech from $60.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. Finally, KeyCorp upped their price target on ODDITY Tech from $65.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.56.
View Our Latest Stock Analysis on ODD
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.
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