Oppenheimer & Co. Inc. Has $439,000 Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Oppenheimer & Co. Inc. trimmed its position in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,864 shares of the company’s stock after selling 442 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Oddity Tech were worth $439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Blue Trust Inc. grew its position in Oddity Tech by 13.3% in the third quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock worth $190,000 after acquiring an additional 566 shares in the last quarter. Knuff & Co LLC increased its position in Oddity Tech by 43.1% during the second quarter. Knuff & Co LLC now owns 5,013 shares of the company’s stock worth $197,000 after buying an additional 1,510 shares during the last quarter. Peregrine Capital Management LLC raised its holdings in Oddity Tech by 1.3% during the second quarter. Peregrine Capital Management LLC now owns 143,384 shares of the company’s stock valued at $5,629,000 after buying an additional 1,784 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Oddity Tech in the second quarter worth about $102,000. Finally, Public Employees Retirement Association of Colorado bought a new stake in shares of Oddity Tech during the 2nd quarter worth about $102,000. Institutional investors own 35.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays raised their price objective on Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $53.33.

Oddity Tech Price Performance

Shares of Oddity Tech stock opened at $43.12 on Friday. Oddity Tech Ltd. has a 52-week low of $30.34 and a 52-week high of $50.36. The firm has a market capitalization of $2.45 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 1.22 and a beta of 4.40. The company’s fifty day moving average price is $39.83 and its two-hundred day moving average price is $39.18.

Oddity Tech (NASDAQ:ODD) last posted its earnings results on Wednesday, November 6th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. The business had revenue of $119.00 million for the quarter, compared to analysts’ expectations of $116.47 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Analysts predict that Oddity Tech Ltd. will post 1.64 earnings per share for the current fiscal year.

Oddity Tech Company Profile

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.