Capstone Investment Advisors LLC Increases Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Capstone Investment Advisors LLC grew its holdings in Oddity Tech Ltd. (NASDAQ:ODD) by 325.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 62,073 shares of the company’s stock after acquiring an additional 47,472 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Oddity Tech were worth $2,697,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its holdings in shares of Oddity Tech by 15.2% in the first quarter. Baillie Gifford & Co. now owns 6,312,730 shares of the company’s stock valued at $274,288,000 after purchasing an additional 833,643 shares during the period. Franklin Resources Inc. boosted its holdings in Oddity Tech by 15.5% in the 4th quarter. Franklin Resources Inc. now owns 1,279,002 shares of the company’s stock valued at $59,512,000 after purchasing an additional 171,652 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Oddity Tech by 58.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,255,220 shares of the company’s stock worth $58,405,000 after buying an additional 461,467 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Oddity Tech in the 4th quarter valued at approximately $27,056,000. Finally, Winslow Capital Management LLC grew its holdings in Oddity Tech by 7.7% during the fourth quarter. Winslow Capital Management LLC now owns 560,558 shares of the company’s stock worth $26,083,000 after acquiring an additional 40,000 shares during the period. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ODD. Truist Financial reissued a “buy” rating and issued a $58.00 target price on shares of Oddity Tech in a report on Friday, June 7th. Barclays reduced their price objective on shares of Oddity Tech from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Finally, Evercore ISI started coverage on shares of Oddity Tech in a research report on Thursday, April 4th. They set an “outperform” rating and a $57.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Oddity Tech presently has an average rating of “Moderate Buy” and a consensus price target of $53.75.

Oddity Tech Stock Performance

ODD stock traded up $0.44 during trading on Friday, hitting $41.17. The stock had a trading volume of 296,641 shares, compared to its average volume of 706,874. The stock has a market cap of $2.34 billion and a price-to-earnings ratio of 34.31. The company’s 50 day moving average price is $38.31 and its two-hundred day moving average price is $40.64. Oddity Tech Ltd. has a 1-year low of $24.12 and a 1-year high of $56.00.

Oddity Tech (NASDAQ:ODD) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.12. The business had revenue of $211.63 million during the quarter, compared to analyst estimates of $205.55 million. Oddity Tech had a net margin of 12.97% and a return on equity of 26.10%. As a group, sell-side analysts forecast that Oddity Tech Ltd. will post 1.34 earnings per share for the current fiscal year.

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.