Clal Insurance Enterprises Holdings Ltd Boosts Holdings in ODDITY Tech Ltd. $ODD

Clal Insurance Enterprises Holdings Ltd lifted its holdings in ODDITY Tech Ltd. (NASDAQ:ODD) by 110.6% during the fourth quarter, Holdings Channel reports. The fund owned 590,300 shares of the company’s stock after buying an additional 310,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in ODDITY Tech were worth $23,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Citigroup Inc. grew its holdings in ODDITY Tech by 220.4% during the 3rd quarter. Citigroup Inc. now owns 228,786 shares of the company’s stock worth $14,253,000 after acquiring an additional 157,374 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of ODDITY Tech by 11.3% in the 3rd quarter. Bamco Inc. NY now owns 1,376,781 shares of the company’s stock valued at $85,773,000 after purchasing an additional 139,348 shares in the last quarter. Baillie Gifford & Co. grew its stake in ODDITY Tech by 17.8% in the 4th quarter. Baillie Gifford & Co. now owns 7,122,641 shares of the company’s stock valued at $286,188,000 after acquiring an additional 1,076,921 shares during the last quarter. Granahan Investment Management LLC grew its holdings in shares of ODDITY Tech by 11.1% during the third quarter. Granahan Investment Management LLC now owns 1,506,457 shares of the company’s stock worth $93,852,000 after buying an additional 151,110 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of ODDITY Tech in the third quarter worth approximately $1,532,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

ODDITY Tech Price Performance

Shares of NASDAQ ODD opened at $11.72 on Friday. The stock has a market capitalization of $674.84 million, a PE ratio of 14.84 and a beta of 2.47. The company has a debt-to-equity ratio of 1.96, a current ratio of 4.06 and a quick ratio of 2.86. The business has a fifty day moving average price of $13.42 and a two-hundred day moving average price of $24.56. ODDITY Tech Ltd. has a fifty-two week low of $9.25 and a fifty-two week high of $77.83.

ODDITY Tech (NASDAQ:ODD) last announced its earnings results on Tuesday, June 2nd. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.13). ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. The business had revenue of $197.94 million for the quarter, compared to the consensus estimate of $187.87 million. During the same quarter in the previous year, the company earned $0.69 EPS. The firm’s revenue for the quarter was down 26.2% on a year-over-year basis. As a group, equities analysts predict that ODDITY Tech Ltd. will post -0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

ODD has been the subject of a number of research analyst reports. Needham & Company LLC restated a “hold” rating on shares of ODDITY Tech in a research note on Tuesday, June 2nd. KeyCorp reissued a “sector weight” rating on shares of ODDITY Tech in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $16.00 price target (down from $59.00) on shares of ODDITY Tech in a report on Thursday, February 26th. Barclays cut their target price on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, June 3rd. Finally, Evercore cut ODDITY Tech from an “outperform” rating to an “in-line” rating and set a $23.00 price target on the stock. in a research report on Thursday, February 26th. Nine research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $25.39.

Insider Buying and Selling at ODDITY Tech

In other ODDITY Tech news, CFO Mann Lindsay Drucker sold 9,603 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $13.44, for a total transaction of $129,064.32. Following the completion of the transaction, the chief financial officer owned 77,709 shares of the company’s stock, valued at $1,044,408.96. This represents a 11.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 28,807 shares of company stock valued at $402,428.

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