Massachusetts Financial Services Co. MA Sells 2,111 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Massachusetts Financial Services Co. MA trimmed its position in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,271,358 shares of the company’s stock after selling 2,111 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.24% of Oddity Tech worth $51,337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ODD. Aurora Investment Counsel acquired a new stake in shares of Oddity Tech in the third quarter valued at approximately $2,056,000. GSA Capital Partners LLP grew its position in Oddity Tech by 267.9% in the third quarter. GSA Capital Partners LLP now owns 30,649 shares of the company’s stock valued at $1,238,000 after purchasing an additional 22,319 shares in the last quarter. Catalyst Capital Advisors LLC increased its stake in Oddity Tech by 44.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 20,280 shares of the company’s stock valued at $819,000 after buying an additional 6,280 shares during the last quarter. Blue Trust Inc. lifted its position in Oddity Tech by 13.3% during the 3rd quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock worth $190,000 after buying an additional 566 shares in the last quarter. Finally, Wesbanco Bank Inc. acquired a new position in shares of Oddity Tech during the 3rd quarter worth about $751,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Oddity Tech Stock Up 5.7 %

Shares of NASDAQ:ODD opened at $45.56 on Monday. Oddity Tech Ltd. has a 12-month low of $30.34 and a 12-month high of $50.36. The business has a 50 day moving average of $40.04 and a 200-day moving average of $39.35. The stock has a market cap of $2.59 billion, a PE ratio of 27.78, a P/E/G ratio of 1.30 and a beta of 4.40.

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

Wall Street Analyst Weigh In

Separately, Barclays upped their target price on Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.33.

Oddity Tech 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.