PDT Partners LLC Decreases Stock Position in Oddity Tech Ltd. (NASDAQ:ODD)

PDT Partners LLC cut its position in Oddity Tech Ltd. (NASDAQ:ODD) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,366 shares of the company’s stock after selling 10,244 shares during the quarter. PDT Partners LLC owned 0.14% of Oddity Tech worth $3,419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB bought a new position in Oddity Tech during the 4th quarter valued at $797,000. Harbor Capital Advisors Inc. bought a new position in shares of Oddity Tech during the fourth quarter valued at approximately $1,767,000. Geode Capital Management LLC grew its holdings in shares of Oddity Tech by 1.2% during the third quarter. Geode Capital Management LLC now owns 63,625 shares of the company’s stock valued at $2,569,000 after purchasing an additional 750 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Oddity Tech by 33.2% during the fourth quarter. Blue Trust Inc. now owns 6,437 shares of the company’s stock valued at $260,000 after purchasing an additional 1,603 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Oddity Tech during the fourth quarter valued at approximately $9,470,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. KeyCorp lowered their target price on Oddity Tech from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Bank of America boosted their price objective on Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. reduced their price objective on Oddity Tech from $56.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Barclays boosted their price objective on Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Finally, JMP Securities reiterated a “market outperform” rating and set a $66.00 price objective on shares of Oddity Tech in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Oddity Tech presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.25.

Oddity Tech Price Performance

ODD opened at $45.06 on Tuesday. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 27.48, a price-to-earnings-growth ratio of 1.48 and a beta of 3.73. Oddity Tech Ltd. has a 1-year low of $30.34 and a 1-year high of $51.00. The business has a 50 day moving average price of $43.39 and a two-hundred day moving average price of $43.65.

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.