Migdal Insurance & Financial Holdings Ltd. Has $18.55 Million Holdings in ODDITY Tech Ltd. $ODD

Migdal Insurance & Financial Holdings Ltd. cut its position in ODDITY Tech Ltd. (NASDAQ:ODD) by 3.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 245,764 shares of the company’s stock after selling 10,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in ODDITY Tech were worth $18,548,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new position in ODDITY Tech in the first quarter valued at about $190,000. Janney Montgomery Scott LLC bought a new position in shares of ODDITY Tech in the first quarter worth about $400,000. Amundi bought a new position in shares of ODDITY Tech in the first quarter worth about $4,926,000. Harbour Capital Advisors LLC bought a new position in shares of ODDITY Tech in the second quarter worth about $333,000. Finally, Nordea Investment Management AB raised its stake in shares of ODDITY Tech by 2.0% during the second quarter. Nordea Investment Management AB now owns 81,500 shares of the company’s stock worth $6,087,000 after buying an additional 1,600 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors and hedge funds.

ODDITY Tech Stock Down 1.4%

Shares of NASDAQ:ODD opened at $46.41 on Wednesday. ODDITY Tech Ltd. has a 52 week low of $35.30 and a 52 week high of $79.18. The company has a debt-to-equity ratio of 1.66, a quick ratio of 5.57 and a current ratio of 6.32. The company has a market capitalization of $2.59 billion, a PE ratio of 25.78, a PEG ratio of 2.24 and a beta of 3.21. The company has a 50 day moving average price of $57.85 and a two-hundred day moving average price of $62.72.

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, topping the consensus estimate of $0.88 by $0.04. ODDITY Tech had a net margin of 14.65% and a return on equity of 32.17%. The company had revenue of $241.14 million during the quarter, compared to the consensus estimate of $237.44 million. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The firm’s revenue was up 25.1% compared to the same quarter last year. ODDITY Tech has set its Q3 2025 guidance at 0.330-0.360 EPS. FY 2025 guidance at 1.990-2.040 EPS. Analysts forecast that ODDITY Tech Ltd. will post 1.62 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of ODDITY Tech in a research note on Wednesday, October 8th. Barclays boosted their price target on shares of ODDITY Tech from $60.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 15th. Needham & Company LLC assumed coverage on shares of ODDITY Tech in a research note on Thursday, August 28th. They set a “buy” rating and a $72.00 price target for the company. Zacks Research downgraded shares of ODDITY Tech from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Finally, Morgan Stanley boosted their price target on shares of ODDITY Tech from $56.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.90.

About ODDITY Tech

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.