Bank of Montreal Can Invests $533,000 in ODDITY Tech Ltd. $ODD

Bank of Montreal Can purchased a new stake in ODDITY Tech Ltd. (NASDAQ:ODD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,065 shares of the company’s stock, valued at approximately $533,000.

Other large investors also recently bought and sold shares of the company. WD Rutherford LLC purchased a new position in ODDITY Tech during the second quarter worth approximately $48,000. Assetmark Inc. acquired a new position in shares of ODDITY Tech during the 2nd quarter worth approximately $54,000. Deutsche Bank AG lifted its position in shares of ODDITY Tech by 65.0% during the 1st quarter. Deutsche Bank AG now owns 1,340 shares of the company’s stock valued at $58,000 after buying an additional 528 shares in the last quarter. Federated Hermes Inc. acquired a new stake in ODDITY Tech in the 1st quarter valued at $190,000. Finally, Blair William & Co. IL acquired a new stake in ODDITY Tech in the 2nd quarter valued at $204,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Wall Street Analyst Weigh In

ODD has been the topic of several recent analyst reports. Jefferies Financial Group assumed 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. Zacks Research upgraded shares of ODDITY Tech from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Morgan Stanley raised their price target on shares of ODDITY Tech from $56.00 to $61.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of ODDITY Tech in a report on Wednesday, October 8th. Finally, KeyCorp reduced their target price on ODDITY Tech from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.90.

ODDITY Tech Price Performance

ODD stock opened at $37.20 on Tuesday. ODDITY Tech Ltd. has a 1 year low of $35.30 and a 1 year high of $79.18. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.32 and a quick ratio of 5.57. The firm has a market capitalization of $2.08 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.84 and a beta of 3.16. The business has a 50 day simple moving average of $52.41 and a 200-day simple moving average of $62.46.

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.