JPMorgan Chase & Co. Increases Stock Position in ODDITY Tech Ltd. $ODD

JPMorgan Chase & Co. increased its position in shares of ODDITY Tech Ltd. (NASDAQ:ODDFree Report) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 713,447 shares of the company’s stock after buying an additional 41,723 shares during the period. JPMorgan Chase & Co. owned about 1.28% of ODDITY Tech worth $44,448,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Penn Capital Management Company LLC boosted its position in ODDITY Tech by 20.9% in the 3rd quarter. Penn Capital Management Company LLC now owns 210,290 shares of the company’s stock valued at $13,134,000 after buying an additional 36,330 shares during the last quarter. Woodline Partners LP increased its position in shares of ODDITY Tech by 0.3% during the third quarter. Woodline Partners LP now owns 401,229 shares of the company’s stock worth $24,997,000 after acquiring an additional 1,117 shares during the last quarter. Voleon Capital Management LP purchased a new stake in shares of ODDITY Tech during the third quarter worth about $1,763,000. Wexford Capital LP acquired a new position in shares of ODDITY Tech in the third quarter worth about $40,000. Finally, Verition Fund Management LLC lifted its stake in shares of ODDITY Tech by 10.8% in the third quarter. Verition Fund Management LLC now owns 35,109 shares of the company’s stock worth $2,187,000 after acquiring an additional 3,435 shares in the last quarter. Institutional investors and hedge funds own 35.88% of the company’s stock.

ODDITY Tech Stock Down 4.8%

Shares of ODDITY Tech stock opened at $13.37 on Friday. The company has a quick ratio of 4.06, a current ratio of 5.24 and a debt-to-equity ratio of 1.47. The firm has a market cap of $746.45 million, a P/E ratio of 7.43, a P/E/G ratio of 1.75 and a beta of 3.54. ODDITY Tech Ltd. has a fifty-two week low of $10.80 and a fifty-two week high of $79.18. The business has a 50-day moving average price of $25.36 and a 200 day moving average price of $40.24.

ODDITY Tech (NASDAQ:ODDGet Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. The company had revenue of $152.73 million for the quarter, compared to the consensus estimate of $151.11 million. ODDITY Tech had a return on equity of 29.84% and a net margin of 13.68%.ODDITY Tech’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. On average, sell-side analysts forecast that ODDITY Tech Ltd. will post 1.62 earnings per share for the current fiscal year.

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Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Evercore lowered ODDITY Tech from an “outperform” rating to an “in-line” rating and set a $23.00 price objective for the company. in a research note on Thursday, February 26th. KeyCorp cut their target price on ODDITY Tech from $50.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Truist Financial reissued a “hold” rating and set a $18.00 price target (down from $80.00) on shares of ODDITY Tech in a research report on Wednesday, February 25th. Bank of America lowered shares of ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 price target for the company. in a research note on Thursday, February 26th. Finally, Barclays reaffirmed an “underweight” rating and issued a $13.00 price target (down from $40.00) on shares of ODDITY Tech in a report on Thursday, February 26th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $31.73.

Read Our Latest Research Report on ODDITY Tech

About ODDITY Tech

(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.

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

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