Janney Montgomery Scott LLC Buys New Shares in ODDITY Tech Ltd. (NASDAQ:ODD)

Janney Montgomery Scott LLC acquired a new stake in shares of ODDITY Tech Ltd. (NASDAQ:ODD) during the 1st quarter, Holdings Channel reports. The firm acquired 9,241 shares of the company’s stock, valued at approximately $400,000.

Several other institutional investors have also recently made changes to their positions in ODD. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of ODDITY Tech in the 4th quarter worth about $42,000. Wells Fargo & Company MN boosted its holdings in ODDITY Tech by 17.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock worth $126,000 after buying an additional 449 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in ODDITY Tech in the 4th quarter worth approximately $246,000. Knuff & Co LLC lifted its stake in ODDITY Tech by 32.8% in the 4th quarter. Knuff & Co LLC now owns 6,824 shares of the company’s stock worth $287,000 after purchasing an additional 1,686 shares in the last quarter. Finally, PharVision Advisers LLC purchased a new stake in ODDITY Tech in the 4th quarter worth approximately $299,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ODD. JMP Securities restated a “market outperform” rating and set a $66.00 price objective on shares of ODDITY Tech in a research report on Tuesday, April 22nd. Truist Financial lifted their target price on shares of ODDITY Tech from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. KeyCorp lowered their price target on shares of ODDITY Tech from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. The Goldman Sachs Group lifted their target price on shares of ODDITY Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Finally, Bank of America boosted their target price on shares of ODDITY Tech from $68.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.75.

ODDITY Tech Stock Performance

ODD stock opened at $74.75 on Friday. ODDITY Tech Ltd. has a one year low of $32.71 and a one year high of $79.18. The company’s fifty day moving average price is $69.28 and its 200-day moving average price is $52.56. The company has a market capitalization of $4.17 billion, a PE ratio of 42.96, a price-to-earnings-growth ratio of 3.54 and a beta of 3.30.

ODDITY Tech (NASDAQ:ODD) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. ODDITY Tech had a net margin of 15.12% and a return on equity of 30.67%. The company had revenue of $268.08 million for the quarter, compared to the consensus estimate of $260.71 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. ODDITY Tech’s revenue was up 26.7% on a year-over-year basis. On average, research analysts predict that ODDITY Tech Ltd. will post 1.62 EPS 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.