Fox Run Management L.L.C. Takes $1.53 Million Position in ODDITY Tech Ltd. $ODD

Fox Run Management L.L.C. acquired a new stake in ODDITY Tech Ltd. (NASDAQ:ODD) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 24,588 shares of the company’s stock, valued at approximately $1,532,000.

A number of other institutional investors have also recently added to or reduced their stakes in ODD. Massachusetts Financial Services Co. MA increased its position in ODDITY Tech by 1.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,738,125 shares of the company’s stock valued at $108,285,000 after acquiring an additional 28,930 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in ODDITY Tech by 8,711.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 835,315 shares of the company’s stock worth $63,041,000 after buying an additional 825,835 shares during the period. Acadian Asset Management LLC increased its stake in shares of ODDITY Tech by 507.8% in the second quarter. Acadian Asset Management LLC now owns 821,759 shares of the company’s stock valued at $61,984,000 after buying an additional 686,549 shares during the period. JPMorgan Chase & Co. raised its position in shares of ODDITY Tech by 6.2% during the third quarter. JPMorgan Chase & Co. now owns 713,447 shares of the company’s stock worth $44,448,000 after acquiring an additional 41,723 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of ODDITY Tech by 118.7% in the second quarter. Marshall Wace LLP now owns 464,269 shares of the company’s stock worth $35,038,000 after acquiring an additional 252,016 shares during the period. 35.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of ODDITY Tech from a “sell” rating to a “hold” rating in a report on Sunday, November 30th. Zacks Research lowered shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Morgan Stanley decreased their price target on ODDITY Tech from $61.00 to $49.00 and set an “equal weight” rating for the company in a report on Friday, November 21st. Needham & Company LLC reissued a “buy” rating and issued a $72.00 price objective on shares of ODDITY Tech in a research report on Thursday, November 20th. Finally, Barclays cut their target price on ODDITY Tech from $64.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, November 21st. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $64.40.

ODDITY Tech Stock Performance

Shares of ODDITY Tech stock opened at $29.02 on Wednesday. The business has a 50-day simple moving average of $35.08 and a 200 day simple moving average of $46.02. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.19 and a beta of 3.18. The company has a debt-to-equity ratio of 1.53, a current ratio of 7.54 and a quick ratio of 6.42. ODDITY Tech Ltd. has a one year low of $27.09 and a one year high of $79.18.

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. The company sells beauty, hair, and skin products under the IL MAKIAGE and SpoiledChild brands.