Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires Shares of 5,862 Oddity Tech Ltd. (NASDAQ:ODD)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Oddity Tech Ltd. (NASDAQ:ODD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,862 shares of the company’s stock, valued at approximately $246,000.

Other hedge funds also recently made changes to their positions in the company. Bamco Inc. NY increased its holdings in Oddity Tech by 0.8% during the 3rd 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 period. Janus Henderson Group PLC grew its position in shares of Oddity Tech by 11.1% in the 3rd quarter. Janus Henderson Group PLC now owns 492,198 shares of the company’s stock worth $19,877,000 after buying an additional 49,101 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Oddity Tech during the third quarter valued at approximately $12,085,000. State Street Corp raised its holdings in shares of Oddity Tech by 5.7% during the third quarter. State Street Corp now owns 236,199 shares of the company’s stock valued at $9,538,000 after acquiring an additional 12,700 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its stake in Oddity Tech by 1.9% in the fourth quarter. Peregrine Capital Management LLC now owns 146,155 shares of the company’s stock worth $6,141,000 after acquiring an additional 2,719 shares during the period. 35.88% of the stock is owned by hedge funds and other institutional investors.

Oddity Tech Stock Up 1.3 %

Shares of ODD opened at $43.61 on Friday. The stock has a market cap of $2.43 billion, a P/E ratio of 26.59, a P/E/G ratio of 1.48 and a beta of 4.20. The business’s 50 day moving average price is $44.71 and its 200-day moving average price is $42.86. Oddity Tech Ltd. has a 52 week low of $30.34 and a 52 week high of $51.00.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ODD shares. Bank of America upped their price objective on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. The Goldman Sachs Group began coverage on shares of Oddity Tech in a report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on Oddity Tech in a report on Friday, January 31st. They set an “overweight” rating and a $55.00 target price on the stock. KeyCorp raised their target price on Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Finally, Barclays lifted their price target on Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.00.

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.