Blue Trust Inc. Purchases 1,731 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Blue Trust Inc. grew its position in Oddity Tech Ltd. (NASDAQ:ODD) by 35.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,565 shares of the company’s stock after buying an additional 1,731 shares during the period. Blue Trust Inc.’s holdings in Oddity Tech were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of ODD. R Squared Ltd bought a new stake in shares of Oddity Tech in the 4th quarter worth approximately $61,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Oddity Tech in the 3rd quarter worth approximately $99,000. Quarry LP bought a new stake in shares of Oddity Tech in the 3rd quarter worth approximately $122,000. Public Employees Retirement System of Ohio bought a new stake in shares of Oddity Tech in the 3rd quarter worth approximately $349,000. Finally, Centiva Capital LP lifted its position in shares of Oddity Tech by 23.1% in the 3rd quarter. Centiva Capital LP now owns 9,624 shares of the company’s stock worth $389,000 after acquiring an additional 1,804 shares during the period. Institutional investors own 35.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ODD shares. KeyCorp raised their target price on Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. started coverage on Oddity Tech in a research report on Friday, January 31st. They set an “overweight” rating and a $55.00 target price for the company. The Goldman Sachs Group started coverage on Oddity Tech in a research report on Friday, December 13th. They set a “neutral” rating and a $48.00 target price for the company. Barclays raised their target price on Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, Morgan Stanley raised their target price on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.11.

Oddity Tech Price Performance

ODD stock opened at $44.50 on Wednesday. The business has a fifty day moving average price of $44.66 and a 200 day moving average price of $41.66. Oddity Tech Ltd. has a fifty-two week low of $30.34 and a fifty-two week high of $51.00. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 1.57 and a beta of 4.34.

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.