Trexquant Investment LP Has $5.48 Million Stock Position in Oddity Tech Ltd. (NASDAQ:ODD)

Trexquant Investment LP lessened its holdings in Oddity Tech Ltd. (NASDAQ:ODD) by 30.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,454 shares of the company’s stock after selling 56,217 shares during the period. Trexquant Investment LP’s holdings in Oddity Tech were worth $5,482,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ODD. Mark Sheptoff Financial Planning LLC bought a new stake in Oddity Tech during the 4th quarter worth approximately $42,000. R Squared Ltd bought a new stake in Oddity Tech during the fourth quarter worth $61,000. Wilmington Savings Fund Society FSB purchased a new stake in Oddity Tech in the 3rd quarter valued at $99,000. Quarry LP bought a new position in Oddity Tech during the 3rd quarter valued at $122,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Oddity Tech during the 4th quarter worth $246,000. Institutional investors own 35.88% of the company’s stock.

Oddity Tech Trading Down 8.0 %

Shares of NASDAQ ODD opened at $37.97 on Friday. The stock has a fifty day simple moving average of $44.52 and a two-hundred day simple moving average of $43.23. Oddity Tech Ltd. has a 1-year low of $30.34 and a 1-year high of $51.00. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 1.48 and a beta of 3.73.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ODD shares. Morgan Stanley raised their price target on shares of Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group began coverage on shares of Oddity Tech in a research report on Friday, December 13th. They set a “neutral” rating and a $48.00 target price on the stock. Barclays upped their target price on Oddity Tech from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Bank of America lifted their price target on Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. assumed coverage on Oddity Tech in a research note on Friday, January 31st. They issued an “overweight” rating and a $55.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.43.

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.