Centiva Capital LP Has $605,000 Position in Oddity Tech Ltd. (NASDAQ:ODD)

Centiva Capital LP boosted its position in Oddity Tech Ltd. (NASDAQ:ODD) by 49.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,389 shares of the company’s stock after purchasing an additional 4,765 shares during the quarter. Centiva Capital LP’s holdings in Oddity Tech were worth $605,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bamco Inc. NY grew its stake in shares of Oddity Tech by 14.7% during the 4th quarter. Bamco Inc. NY now owns 1,429,198 shares of the company’s stock worth $60,055,000 after acquiring an additional 183,152 shares in the last quarter. Capital International Investors boosted its holdings in Oddity Tech by 29.5% during the fourth quarter. Capital International Investors now owns 1,365,744 shares of the company’s stock worth $57,389,000 after purchasing an additional 311,401 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Oddity Tech by 0.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,283,074 shares of the company’s stock valued at $53,915,000 after purchasing an additional 11,716 shares in the last quarter. Hood River Capital Management LLC lifted its position in Oddity Tech by 1.6% during the 4th quarter. Hood River Capital Management LLC now owns 729,536 shares of the company’s stock worth $30,655,000 after buying an additional 11,711 shares in the last quarter. Finally, Ibex Investors LLC grew its stake in Oddity Tech by 46.5% in the fourth quarter. Ibex Investors LLC now owns 315,000 shares of the company’s stock valued at $13,236,000 after purchasing an additional 100,000 shares in the last quarter. Institutional investors own 35.88% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ODD. Truist Financial boosted their target price on shares of Oddity Tech from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Bank of America upped their price objective on 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 lifted their target price on Oddity Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. JMP Securities reissued a “market outperform” rating and set a $66.00 target price on shares of Oddity Tech in a report on Tuesday, April 22nd. Finally, Barclays raised their price target on Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.63.

Oddity Tech Price Performance

ODD stock opened at $71.00 on Friday. The business’s fifty day moving average price is $46.70 and its two-hundred day moving average price is $45.04. Oddity Tech Ltd. has a fifty-two week low of $32.71 and a fifty-two week high of $71.07. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 43.29, a PEG ratio of 1.48 and a beta of 3.44.

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

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.