Nordea Investment Management AB Has $6.09 Million Stake in ODDITY Tech Ltd. $ODD

Nordea Investment Management AB raised its position in shares of ODDITY Tech Ltd. (NASDAQ:ODD) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,500 shares of the company’s stock after buying an additional 1,600 shares during the period. Nordea Investment Management AB owned about 0.15% of ODDITY Tech worth $6,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Federated Hermes Inc. acquired a new stake in shares of ODDITY Tech during the first quarter worth approximately $190,000. Janney Montgomery Scott LLC acquired a new stake in shares of ODDITY Tech during the first quarter worth approximately $400,000. Amundi acquired a new stake in shares of ODDITY Tech during the first quarter worth approximately $4,926,000. Harbour Capital Advisors LLC acquired a new stake in shares of ODDITY Tech during the second quarter worth approximately $333,000. Finally, XTX Topco Ltd acquired a new stake in shares of ODDITY Tech during the first quarter worth approximately $584,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ODD shares. Needham & Company LLC started coverage on shares of ODDITY Tech in a report on Thursday, August 28th. They issued a “buy” rating and a $72.00 price target for the company. Truist Financial raised their price target on shares of ODDITY Tech from $65.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. KeyCorp lowered their price target on shares of ODDITY Tech from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Zacks Research lowered shares of ODDITY Tech from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Finally, Barclays raised their price target on shares of ODDITY Tech from $60.00 to $73.00 and gave the company an “equal weight” rating in a report on Tuesday, July 15th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.90.

ODDITY Tech Price Performance

Shares of ODD stock opened at $51.58 on Tuesday. ODDITY Tech Ltd. has a 52-week low of $35.30 and a 52-week high of $79.18. The stock has a market cap of $2.88 billion, a PE ratio of 28.66, a PEG ratio of 2.42 and a beta of 3.21. The company has a debt-to-equity ratio of 1.66, a quick ratio of 5.57 and a current ratio of 6.32. The firm’s 50 day moving average price is $59.36 and its two-hundred day moving average price is $62.41.

ODDITY Tech (NASDAQ:ODD) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. ODDITY Tech had a net margin of 14.65% and a return on equity of 32.17%. The firm had revenue of $241.14 million for the quarter, compared to analysts’ expectations of $237.44 million. During the same period last year, the firm earned $0.82 earnings per share. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. ODDITY Tech has set its Q3 2025 guidance at 0.330-0.360 EPS. FY 2025 guidance at 1.990-2.040 EPS. As a group, analysts forecast 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.