ODDITY Tech Ltd. $ODD Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its stake in ODDITY Tech Ltd. (NASDAQ:ODD) by 74.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,323 shares of the company’s stock after acquiring an additional 6,132 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in ODDITY Tech were worth $1,081,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. WD Rutherford LLC acquired a new position in shares of ODDITY Tech in the 2nd quarter valued at $48,000. Deutsche Bank AG raised its position in shares of ODDITY Tech by 65.0% in the first quarter. Deutsche Bank AG now owns 1,340 shares of the company’s stock worth $58,000 after acquiring an additional 528 shares during the period. Federated Hermes Inc. purchased a new stake in shares of ODDITY Tech during the 1st quarter worth about $190,000. Blair William & Co. IL acquired a new stake in shares of ODDITY Tech during the 2nd quarter valued at about $204,000. Finally, Diversified Trust Co purchased a new position in shares of ODDITY Tech in the 2nd quarter valued at about $205,000. 35.88% of the stock is owned by institutional investors and hedge funds.

ODDITY Tech Stock Up 4.0%

Shares of ODD opened at $45.25 on Monday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 5.57 and a current ratio of 6.32. ODDITY Tech Ltd. has a one year low of $35.30 and a one year high of $79.18. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 2.15 and a beta of 3.16. The stock has a 50 day moving average price of $56.95 and a 200 day moving average price of $62.96.

ODDITY Tech (NASDAQ:ODD) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. The company had revenue of $241.14 million for the quarter, compared to analyst estimates of $237.44 million. ODDITY Tech had a return on equity of 32.17% and a net margin of 14.65%.The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. Equities research analysts forecast that ODDITY Tech Ltd. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ODD. Weiss Ratings reiterated a “hold (c)” rating on shares of ODDITY Tech in a research report on Wednesday, October 8th. Zacks Research downgraded ODDITY Tech from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. JMP Securities reiterated a “market outperform” rating and set a $80.00 target price on shares of ODDITY Tech in a research report on Tuesday, September 23rd. KeyCorp decreased their target price on ODDITY Tech from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group began coverage on shares of ODDITY Tech in a report on Wednesday, September 24th. They set a “buy” rating and a $78.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.90.

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.