Peregrine Capital Management LLC Boosts Stock Holdings in ODDITY Tech Ltd. $ODD

Peregrine Capital Management LLC raised its holdings in ODDITY Tech Ltd. (NASDAQ:ODDFree Report) by 31.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 190,485 shares of the company’s stock after acquiring an additional 45,253 shares during the period. Peregrine Capital Management LLC’s holdings in ODDITY Tech were worth $7,654,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Eagle Global Advisors LLC increased its stake in shares of ODDITY Tech by 37.8% in the fourth quarter. Eagle Global Advisors LLC now owns 51,000 shares of the company’s stock worth $2,049,000 after purchasing an additional 14,000 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of ODDITY Tech by 25.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 77,765 shares of the company’s stock worth $3,122,000 after purchasing an additional 15,831 shares in the last quarter. Institute for Wealth Management LLC. purchased a new position in shares of ODDITY Tech in the fourth quarter worth about $326,000. Baillie Gifford & Co. increased its stake in shares of ODDITY Tech by 17.8% in the fourth quarter. Baillie Gifford & Co. now owns 7,122,641 shares of the company’s stock worth $286,188,000 after purchasing an additional 1,076,921 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of ODDITY Tech by 18.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 23,266 shares of the company’s stock worth $935,000 after purchasing an additional 3,547 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on ODD. Evercore lowered shares of ODDITY Tech from an “outperform” rating to an “in-line” rating and set a $23.00 price objective for the company. in a research report on Thursday, February 26th. Barclays restated an “underweight” rating and issued a $13.00 price objective (down from $40.00) on shares of ODDITY Tech in a research report on Thursday, February 26th. Wall Street Zen lowered shares of ODDITY Tech from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 18th. KeyCorp cut their price objective on shares of ODDITY Tech from $50.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Finally, Jefferies Financial Group lowered shares of ODDITY Tech from a “buy” rating to a “hold” rating and cut their price objective for the company from $64.00 to $18.00 in a research report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, ODDITY Tech presently has a consensus rating of “Reduce” and a consensus price target of $31.36.

View Our Latest Stock Analysis on ODDITY Tech

ODDITY Tech Trading Down 1.6%

Shares of ODDITY Tech stock opened at $15.49 on Friday. ODDITY Tech Ltd. has a 1 year low of $10.80 and a 1 year high of $79.18. The firm has a market cap of $891.91 million, a PE ratio of 8.61, a PEG ratio of 2.06 and a beta of 2.92. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.24 and a quick ratio of 4.06. The company has a 50 day simple moving average of $16.45 and a two-hundred day simple moving average of $32.49.

ODDITY Tech (NASDAQ:ODDGet Free Report) last announced its earnings results on Thursday, February 26th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.06. The business had revenue of $152.73 million during the quarter, compared to analyst estimates of $151.11 million. ODDITY Tech had a net margin of 13.68% and a return on equity of 29.84%. ODDITY Tech’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share. Analysts expect that ODDITY Tech Ltd. will post 0.64 earnings per share for the current fiscal year.

Insider Buying and Selling at ODDITY Tech

In other news, CFO Mann Lindsay Drucker sold 9,604 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 49,054 shares in the company, valued at approximately $630,343.90. The trade was a 16.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Key Stories Impacting ODDITY Tech

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About ODDITY Tech

(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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