Fortress Investment Group LLC cut its stake in shares of ODDITY Tech Ltd. (NASDAQ:ODD – Free Report) by 33.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,250 shares of the company’s stock after selling 58,750 shares during the quarter. ODDITY Tech comprises approximately 1.0% of Fortress Investment Group LLC’s investment portfolio, making the stock its 21st biggest holding. Fortress Investment Group LLC owned 0.21% of ODDITY Tech worth $7,242,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in ODD. Bamco Inc. NY lifted its position in ODDITY Tech by 11.3% during the 3rd quarter. Bamco Inc. NY now owns 1,376,781 shares of the company’s stock worth $85,773,000 after acquiring an additional 139,348 shares during the period. Schonfeld Strategic Advisors LLC grew its stake in ODDITY Tech by 24.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 28,252 shares of the company’s stock valued at $1,760,000 after purchasing an additional 5,624 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of ODDITY Tech by 16.1% in the third quarter. Lazard Asset Management LLC now owns 124,348 shares of the company’s stock valued at $7,747,000 after purchasing an additional 17,198 shares during the period. California State Teachers Retirement System raised its stake in shares of ODDITY Tech by 2.4% in the third quarter. California State Teachers Retirement System now owns 42,662 shares of the company’s stock worth $2,658,000 after purchasing an additional 983 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of ODDITY Tech by 18.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,301 shares of the company’s stock worth $1,140,000 after purchasing an additional 2,827 shares during the last quarter. 35.88% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently commented on ODD. Barclays reaffirmed an “underweight” rating and set a $13.00 target price (down from $40.00) on shares of ODDITY Tech in a report on Thursday, February 26th. The Goldman Sachs Group reissued a “neutral” rating and set a $20.00 price target on shares of ODDITY Tech in a research report on Wednesday, February 25th. Needham & Company LLC cut shares of ODDITY Tech from a “buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Bank of America downgraded shares of ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 price objective on the stock. in a report on Thursday, February 26th. Finally, Citizens Jmp cut shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $31.73.
ODDITY Tech Stock Up 1.6%
Shares of ODD stock opened at $13.62 on Monday. The stock has a 50 day moving average of $27.76 and a 200 day moving average of $41.73. The company has a current ratio of 5.24, a quick ratio of 4.06 and a debt-to-equity ratio of 1.47. The stock has a market cap of $760.40 million, a P/E ratio of 7.57, a P/E/G ratio of 1.78 and a beta of 3.55. ODDITY Tech Ltd. has a twelve month low of $10.80 and a twelve month high of $79.18.
ODDITY Tech (NASDAQ:ODD – Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. ODDITY Tech had a return on equity of 29.84% and a net margin of 13.68%.ODDITY Tech’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 earnings per share. As a group, sell-side analysts expect that ODDITY Tech Ltd. will post 1.62 EPS for the current year.
Key Headlines Impacting ODDITY Tech
Here are the key news stories impacting ODDITY Tech this week:
- Positive Sentiment: Board approved a $200 million share-repurchase program, a direct capital-allocation action likely to support the stock by reducing float and signaling management confidence. Article Title
- Neutral Sentiment: Multiple firms are soliciting investors and reminding shareholders of filing deadlines (lead plaintiff motions/deadline May 11, 2026), which is procedural but increases the likelihood that coordinated litigation will proceed. Portnoy Announcement Bragar Alert
- Negative Sentiment: Several law firms have filed or announced securities class actions alleging defendants made false/misleading statements and failed to disclose material facts, increasing risk of expensive litigation, management distraction, and potential settlements or judgments. These filings came from Pomerantz, Gainey McKenna & Egleston, Rosen Law Firm, and others. Pomerantz Filing Gainey McKenna Rosen Law Firm
- Negative Sentiment: One complaint (reported in firm notices) specifically alleges an algorithm change at the company’s largest ad partner diverted ads to lower-quality auctions at higher cost, materially raising customer-acquisition costs and potentially undermining growth and margins if true—this is the substantive allegation that could affect future guidance and investor confidence. Holzer Complaint Summary
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. The company sells beauty, hair, and skin products under the IL MAKIAGE and SpoiledChild brands.
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