Peregrine Capital Management LLC Has $7.65 Million Stock Holdings in ODDITY Tech Ltd. $ODD

Peregrine Capital Management LLC boosted its holdings in shares of ODDITY Tech Ltd. (NASDAQ:ODDFree Report) by 31.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 190,485 shares of the company’s stock after buying an additional 45,253 shares during the period. Peregrine Capital Management LLC owned approximately 0.34% of ODDITY Tech worth $7,654,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ODD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in ODDITY Tech by 16.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,117 shares of the company’s stock worth $3,293,000 after buying an additional 10,582 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of ODDITY Tech by 12.9% in the second quarter. Geode Capital Management LLC now owns 75,063 shares of the company’s stock valued at $5,660,000 after purchasing an additional 8,561 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of ODDITY Tech in the second quarter valued at about $71,000. American Century Companies Inc. raised its holdings in shares of ODDITY Tech by 17.3% in the second quarter. American Century Companies Inc. now owns 14,300 shares of the company’s stock valued at $1,079,000 after purchasing an additional 2,105 shares during the last quarter. Finally, Invesco Ltd. purchased a new stake in shares of ODDITY Tech in the second quarter valued at about $327,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ODD. Zacks Research downgraded shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. KeyCorp lowered their target price on shares of ODDITY Tech from $50.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Evercore downgraded shares of ODDITY Tech from an “outperform” rating to an “in-line” rating and set a $23.00 target price for the company. in a report on Thursday, February 26th. Wall Street Zen downgraded shares of ODDITY Tech from a “sell” rating to a “strong sell” rating in a report on Saturday, April 18th. Finally, Citizens Jmp downgraded shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, ODDITY Tech presently has a consensus rating of “Reduce” and an average price target of $31.36.

Read Our Latest Analysis on ODDITY Tech

ODDITY Tech Stock Performance

NASDAQ ODD opened at $15.49 on Friday. ODDITY Tech Ltd. has a 52-week low of $10.80 and a 52-week high of $79.18. The company has a 50-day simple moving average of $16.45 and a 200 day simple moving average of $32.49. The company has a debt-to-equity ratio of 1.47, a quick ratio of 4.06 and a current ratio of 5.24. The company has a market capitalization of $891.91 million, a PE ratio of 8.61, a price-to-earnings-growth ratio of 2.06 and a beta of 2.92.

ODDITY Tech (NASDAQ:ODDGet Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. ODDITY Tech had a net margin of 13.68% and a return on equity of 29.84%. The business had revenue of $152.73 million during the quarter, compared to the consensus estimate of $151.11 million. During the same quarter last year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. On average, research analysts predict that ODDITY Tech Ltd. will post 0.64 EPS for the current year.

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Insider Buying and Selling at ODDITY Tech

In other news, CFO Mann Lindsay Drucker sold 9,604 shares of ODDITY Tech stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $12.85, for a total value of $123,411.40. Following the completion of the transaction, the chief financial officer owned 49,054 shares in the company, valued at $630,343.90. This trade represents a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

ODDITY Tech Company Profile

(Free Report)

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. The company sells beauty, hair, and skin products under the IL MAKIAGE and SpoiledChild brands.

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Institutional Ownership by Quarter for ODDITY Tech (NASDAQ:ODD)

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