Strategic Global Advisors LLC Purchases New Shares in ODDITY Tech Ltd. $ODD

Strategic Global Advisors LLC acquired a new position in shares of ODDITY Tech Ltd. (NASDAQ:ODD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 52,320 shares of the company’s stock, valued at approximately $2,102,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. grew its holdings in ODDITY Tech by 17.8% during the fourth quarter. Baillie Gifford & Co. now owns 7,122,641 shares of the company’s stock valued at $286,188,000 after purchasing an additional 1,076,921 shares during the period. Morgan Stanley increased its stake in ODDITY Tech by 13.9% during the 4th quarter. Morgan Stanley now owns 4,305,565 shares of the company’s stock worth $172,998,000 after purchasing an additional 525,481 shares in the last quarter. Wellington Management Group LLP bought a new stake in ODDITY Tech during the 3rd quarter worth approximately $27,838,000. Clal Insurance Enterprises Holdings Ltd increased its stake in ODDITY Tech by 110.6% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 590,300 shares of the company’s stock worth $23,718,000 after purchasing an additional 310,000 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in ODDITY Tech by 398.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 367,390 shares of the company’s stock worth $27,727,000 after purchasing an additional 293,754 shares in the last quarter. 35.88% of the stock is owned by institutional investors.

ODDITY Tech Stock Performance

Shares of ODDITY Tech stock opened at $11.72 on Monday. The company has a debt-to-equity ratio of 1.96, a current ratio of 4.06 and a quick ratio of 2.86. The company has a market capitalization of $674.84 million, a price-to-earnings ratio of 14.84 and a beta of 2.48. The business has a fifty day simple moving average of $13.42 and a two-hundred day simple moving average of $24.44. ODDITY Tech Ltd. has a 1 year low of $9.25 and a 1 year high of $77.83.

ODDITY Tech (NASDAQ:ODD) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.13). ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.The firm had revenue of $197.94 million for the quarter, compared to the consensus estimate of $187.87 million. During the same quarter in the previous year, the business earned $0.69 EPS. The firm’s quarterly revenue was down 26.2% on a year-over-year basis. Research analysts forecast that ODDITY Tech Ltd. will post -0.46 EPS for the current year.

Insider Transactions at ODDITY Tech

In other news, CFO Mann Lindsay Drucker sold 9,604 shares of ODDITY Tech stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $12.85, for a total transaction of $123,411.40. Following the sale, the chief financial officer directly owned 49,054 shares of the company’s stock, valued at approximately $630,343.90. This trade represents a 16.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 28,807 shares of company stock valued at $402,428 in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ODD shares. Barclays lowered their target price on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, June 3rd. KeyCorp reissued a “sector weight” rating on shares of ODDITY Tech in a research note on Wednesday, June 3rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $10.25 price target on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Morgan Stanley reduced their price target on ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Nine investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, ODDITY Tech has a consensus rating of “Reduce” and a consensus price target of $25.39.

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