Teacher Retirement System of Texas Buys 1,821 Shares of ODDITY Tech Ltd. $ODD

Teacher Retirement System of Texas raised its stake in shares of ODDITY Tech Ltd. (NASDAQ:ODD) by 11.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,108 shares of the company’s stock after purchasing an additional 1,821 shares during the quarter. Teacher Retirement System of Texas’ holdings in ODDITY Tech were worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in shares of ODDITY Tech in the 1st quarter worth approximately $190,000. State of New Jersey Common Pension Fund D lifted its holdings in shares of ODDITY Tech by 74.9% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 14,323 shares of the company’s stock worth $1,081,000 after acquiring an additional 6,132 shares during the last quarter. Amundi bought a new stake in shares of ODDITY Tech in the 1st quarter worth approximately $4,926,000. Harbour Capital Advisors LLC bought a new stake in shares of ODDITY Tech in the 2nd quarter worth approximately $333,000. Finally, Nordea Investment Management AB lifted its holdings in shares of ODDITY Tech by 2.0% in the 2nd quarter. Nordea Investment Management AB now owns 81,500 shares of the company’s stock worth $6,087,000 after acquiring an additional 1,600 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors.

ODDITY Tech Stock Down 1.2%

Shares of ODDITY Tech stock opened at $42.30 on Thursday. The company has a current ratio of 6.32, a quick ratio of 5.57 and a debt-to-equity ratio of 1.66. The company’s fifty day simple moving average is $55.94 and its two-hundred day simple moving average is $62.83. The company has a market cap of $2.36 billion, a P/E ratio of 23.50, a PEG ratio of 2.04 and a beta of 3.15. ODDITY Tech Ltd. has a 12-month low of $35.30 and a 12-month high of $79.18.

ODDITY Tech (NASDAQ:ODD) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. The business had revenue of $241.14 million for the quarter, compared to the consensus estimate of $237.44 million. ODDITY Tech had a net margin of 14.65% and a return on equity of 32.17%. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 EPS. Research analysts anticipate that ODDITY Tech Ltd. will post 1.62 EPS for the current year.

Wall Street Analysts Forecast Growth

ODD has been the subject of a number of recent research reports. Needham & Company LLC initiated coverage on shares of ODDITY Tech in a report on Thursday, August 28th. They issued a “buy” rating and a $72.00 price objective for the company. Morgan Stanley boosted their price objective on shares of ODDITY Tech from $56.00 to $61.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Zacks Research lowered shares of ODDITY Tech from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Truist Financial upped their price target on shares of ODDITY Tech from $65.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Finally, JMP Securities reiterated a “market outperform” rating and set a $80.00 price target on shares of ODDITY Tech in a report on Tuesday, September 23rd. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.90.

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.