Prime Capital Investment Advisors LLC lessened its stake in shares of ODDITY Tech Ltd. (NASDAQ:ODD – Free Report) by 35.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,235 shares of the company’s stock after selling 1,770 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in ODDITY Tech were worth $244,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of ODD. SG Americas Securities LLC acquired a new position in shares of ODDITY Tech in the first quarter worth about $662,000. Janney Montgomery Scott LLC acquired a new position in shares of ODDITY Tech in the first quarter worth about $400,000. Blue Trust Inc. lifted its stake in shares of ODDITY Tech by 15.4% in the first quarter. Blue Trust Inc. now owns 7,573 shares of the company’s stock worth $328,000 after acquiring an additional 1,008 shares in the last quarter. Sheets Smith Wealth Management lifted its stake in shares of ODDITY Tech by 1.5% in the first quarter. Sheets Smith Wealth Management now owns 20,792 shares of the company’s stock worth $899,000 after acquiring an additional 315 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of ODDITY Tech in the first quarter worth about $3,904,000. Institutional investors and hedge funds own 35.88% of the company’s stock.
ODDITY Tech Trading Down 2.4%
Shares of NASDAQ ODD opened at $50.38 on Monday. The stock has a market capitalization of $2.81 billion, a P/E ratio of 27.99, a PEG ratio of 2.40 and a beta of 3.21. The stock’s 50 day moving average price is $60.54 and its two-hundred day moving average price is $62.08. ODDITY Tech Ltd. has a 52-week low of $35.30 and a 52-week high of $79.18. The company has a quick ratio of 5.57, a current ratio of 6.32 and a debt-to-equity ratio of 1.66.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Truist Financial boosted their price target on ODDITY Tech from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Barclays boosted their price target on ODDITY Tech from $60.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 15th. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price target on shares of ODDITY Tech in a research note on Tuesday, September 23rd. Zacks Research cut ODDITY Tech from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ODDITY Tech in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.90.
Read Our Latest Report on ODDITY Tech
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.
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