Quantbot Technologies LP Makes New $397,000 Investment in Oddity Tech Ltd. (NASDAQ:ODD)

Quantbot Technologies LP purchased a new stake in shares of Oddity Tech Ltd. (NASDAQ:ODD) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,444 shares of the company’s stock, valued at approximately $397,000.

Several other hedge funds have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Oddity Tech by 4.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,104 shares of the company’s stock valued at $2,387,000 after buying an additional 2,665 shares during the period. Verition Fund Management LLC increased its stake in shares of Oddity Tech by 7.2% in the third quarter. Verition Fund Management LLC now owns 35,248 shares of the company’s stock worth $1,423,000 after acquiring an additional 2,368 shares during the last quarter. PDT Partners LLC raised its holdings in shares of Oddity Tech by 39.2% during the third quarter. PDT Partners LLC now owns 91,610 shares of the company’s stock worth $3,699,000 after acquiring an additional 25,789 shares in the last quarter. Bamco Inc. NY boosted its position in Oddity Tech by 0.8% during the third quarter. Bamco Inc. NY now owns 1,246,046 shares of the company’s stock valued at $50,315,000 after purchasing an additional 9,665 shares during the last quarter. Finally, Centiva Capital LP grew its stake in Oddity Tech by 23.1% in the third quarter. Centiva Capital LP now owns 9,624 shares of the company’s stock valued at $389,000 after purchasing an additional 1,804 shares in the last quarter. 35.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ODD. The Goldman Sachs Group assumed coverage on Oddity Tech in a research note on Friday, December 13th. They set a “neutral” rating and a $48.00 price target for the company. Barclays lifted their target price on shares of Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Bank of America increased their price target on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Morgan Stanley lifted their price objective on shares of Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, KeyCorp increased their target price on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

Oddity Tech Trading Down 1.5 %

Shares of Oddity Tech stock opened at $42.94 on Friday. The firm has a fifty day simple moving average of $44.67 and a 200-day simple moving average of $42.93. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 1.48 and a beta of 4.20. Oddity Tech Ltd. has a 1-year low of $30.34 and a 1-year high of $51.00.

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.