BNP Paribas Financial Markets Makes New $3.96 Million Investment in Oddity Tech Ltd. (NASDAQ:ODD)

BNP Paribas Financial Markets purchased a new position in shares of Oddity Tech Ltd. (NASDAQ:ODD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 94,139 shares of the company’s stock, valued at approximately $3,956,000. BNP Paribas Financial Markets owned about 0.17% of Oddity Tech as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ODD. Capital International Investors increased its stake in shares of Oddity Tech by 29.5% in the 4th quarter. Capital International Investors now owns 1,365,744 shares of the company’s stock valued at $57,389,000 after acquiring an additional 311,401 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Oddity Tech by 0.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,283,074 shares of the company’s stock valued at $53,915,000 after acquiring an additional 11,716 shares in the last quarter. Hood River Capital Management LLC increased its stake in shares of Oddity Tech by 1.6% in the 4th quarter. Hood River Capital Management LLC now owns 729,536 shares of the company’s stock valued at $30,655,000 after acquiring an additional 11,711 shares in the last quarter. Ibex Investors LLC increased its stake in shares of Oddity Tech by 46.5% in the 4th quarter. Ibex Investors LLC now owns 315,000 shares of the company’s stock valued at $13,236,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Oddity Tech in the 4th quarter valued at $9,470,000. Institutional investors own 35.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Bank of America boosted their price target on shares of Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. The Goldman Sachs Group boosted their price target on shares of Oddity Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. decreased their price target on shares of Oddity Tech from $56.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. KeyCorp decreased 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 note on Wednesday, April 16th. Finally, JMP Securities restated a “market outperform” rating and set a $66.00 price target on shares of Oddity Tech in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Oddity Tech has an average rating of “Moderate Buy” and an average price target of $54.63.

Oddity Tech Stock Performance

Shares of NASDAQ:ODD opened at $62.26 on Thursday. The company’s 50-day moving average is $47.85 and its 200 day moving average is $45.57. The company has a market capitalization of $3.48 billion, a P/E ratio of 37.96, a price-to-earnings-growth ratio of 1.48 and a beta of 3.44. Oddity Tech Ltd. has a fifty-two week low of $32.71 and a fifty-two week high of $73.00.

Oddity Tech (NASDAQ:ODD) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The company had revenue of $268.08 million for the quarter, compared to the consensus estimate of $260.71 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. The firm’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. As a group, research analysts predict that Oddity Tech Ltd. will post 1.62 earnings per share for the current 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.