ODDITY Tech Ltd. $ODD Shares Purchased by Citigroup Inc.

Citigroup Inc. grew its stake in shares of ODDITY Tech Ltd. (NASDAQ:ODDFree Report) by 220.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 228,786 shares of the company’s stock after purchasing an additional 157,374 shares during the quarter. Citigroup Inc. owned 0.41% of ODDITY Tech worth $14,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ODD. Y.D. More Investments Ltd grew its stake in shares of ODDITY Tech by 29.2% in the third quarter. Y.D. More Investments Ltd now owns 99,987 shares of the company’s stock valued at $6,136,000 after buying an additional 22,600 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in ODDITY Tech by 6.2% in the 3rd 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 period. State of New Jersey Common Pension Fund D grew its position in ODDITY Tech by 141.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 34,523 shares of the company’s stock valued at $2,151,000 after acquiring an additional 20,200 shares in the last quarter. ProShare Advisors LLC grew its position in ODDITY Tech by 69.2% in the third quarter. ProShare Advisors LLC now owns 19,722 shares of the company’s stock valued at $1,229,000 after acquiring an additional 8,068 shares in the last quarter. Finally, Quaker Wealth Management LLC raised its stake in shares of ODDITY Tech by 530.3% during the third quarter. Quaker Wealth Management LLC now owns 1,664 shares of the company’s stock valued at $104,000 after purchasing an additional 1,400 shares during the period. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ODD. Wall Street Zen downgraded shares of ODDITY Tech from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Research lowered shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Jefferies Financial Group cut shares of ODDITY Tech from a “buy” rating to a “hold” rating and decreased their price objective for the company from $64.00 to $18.00 in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $16.00 target price (down from $59.00) on shares of ODDITY Tech in a research report on Thursday. Finally, Bank of America cut ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 price target on the stock. in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, ODDITY Tech presently has a consensus rating of “Reduce” and a consensus price target of $31.73.

View Our Latest Research Report on ODD

More ODDITY Tech News

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ODDITY Tech Price Performance

ODD opened at $11.77 on Friday. The company has a market capitalization of $657.12 million, a P/E ratio of 6.54, a PEG ratio of 0.55 and a beta of 3.18. The company has a 50-day moving average of $33.37 and a 200-day moving average of $45.25. The company has a debt-to-equity ratio of 1.53, a quick ratio of 6.42 and a current ratio of 7.54. ODDITY Tech Ltd. has a 1-year low of $11.61 and a 1-year high of $79.18.

ODDITY Tech (NASDAQ:ODDGet Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. ODDITY Tech had a return on equity of 30.74% and a net margin of 13.68%.The firm had revenue of $152.73 million during the quarter, compared to analyst estimates of $151.11 million. During the same period in the previous year, the company earned $0.20 earnings per share. ODDITY Tech’s quarterly revenue was up 23.8% on a year-over-year basis. Equities analysts expect that ODDITY Tech Ltd. will post 1.62 EPS for the current fiscal year.

ODDITY Tech Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ODDITY Tech (NASDAQ:ODD)

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