Renaissance Technologies LLC Reduces Stock Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Renaissance Technologies LLC lessened its stake in Oddity Tech Ltd. (NASDAQ:ODD) by 24.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 203,800 shares of the company’s stock after selling 65,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Oddity Tech were worth $8,564,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ODD. Mark Sheptoff Financial Planning LLC purchased a new position in Oddity Tech in the fourth quarter valued at about $42,000. R Squared Ltd purchased a new position in shares of Oddity Tech during the 4th quarter valued at approximately $61,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Oddity Tech during the third quarter worth approximately $99,000. Wells Fargo & Company MN increased its stake in shares of Oddity Tech by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock worth $126,000 after buying an additional 449 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Oddity Tech in the fourth quarter valued at $246,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ODD shares. Barclays raised their price objective on shares of Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Bank of America upped their price objective on Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. started coverage on Oddity Tech in a research report on Friday, January 31st. They issued an “overweight” rating and a $55.00 target price for the company. Finally, KeyCorp reduced their price objective on Oddity Tech from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.14.

Oddity Tech Price Performance

NASDAQ:ODD opened at $41.95 on Friday. Oddity Tech Ltd. has a 12-month low of $30.34 and a 12-month high of $51.00. The business has a 50 day simple moving average of $43.41 and a 200 day simple moving average of $43.48. The firm has a market capitalization of $2.34 billion, a P/E ratio of 25.58, a P/E/G ratio of 1.48 and a beta of 3.73.

About Oddity Tech

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.