William Blair Investment Management LLC Sells 55,803 Shares of ODDITY Tech Ltd. $ODD

William Blair Investment Management LLC lessened its stake in shares of ODDITY Tech Ltd. (NASDAQ:ODD) by 39.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,745 shares of the company’s stock after selling 55,803 shares during the quarter. William Blair Investment Management LLC owned 0.16% of ODDITY Tech worth $5,404,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its holdings in ODDITY Tech by 1.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,738,125 shares of the company’s stock worth $108,285,000 after purchasing an additional 28,930 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in ODDITY Tech by 8,711.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 835,315 shares of the company’s stock worth $63,041,000 after buying an additional 825,835 shares during the period. Acadian Asset Management LLC lifted its stake in ODDITY Tech by 507.8% in the second quarter. Acadian Asset Management LLC now owns 821,759 shares of the company’s stock valued at $61,984,000 after buying an additional 686,549 shares in the last quarter. JPMorgan Chase & Co. lifted its position in ODDITY Tech by 6.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 713,447 shares of the company’s stock valued at $44,448,000 after acquiring an additional 41,723 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of ODDITY Tech by 118.7% in the second quarter. Marshall Wace LLP now owns 464,269 shares of the company’s stock valued at $35,038,000 after purchasing an additional 252,016 shares in the last quarter. 35.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ODD has been the subject of several analyst reports. The Goldman Sachs Group restated a “neutral” rating and issued a $20.00 price objective on shares of ODDITY Tech in a report on Wednesday, February 25th. Barclays reiterated an “underweight” rating and issued a $13.00 target price (down from $40.00) on shares of ODDITY Tech in a research note on Thursday, February 26th. Jefferies Financial Group cut ODDITY Tech from a “buy” rating to a “hold” rating and reduced their price target for the stock from $64.00 to $18.00 in a report on Wednesday, February 25th. KeyCorp dropped their price objective on ODDITY Tech from $50.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $16.00 price objective (down from $59.00) on shares of ODDITY Tech in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, ODDITY Tech currently has a consensus rating of “Reduce” and a consensus price target of $31.73.

ODDITY Tech Trading Up 0.3%

NASDAQ ODD opened at $12.35 on Wednesday. The company has a current ratio of 5.24, a quick ratio of 4.06 and a debt-to-equity ratio of 1.47. ODDITY Tech Ltd. has a 1-year low of $10.80 and a 1-year high of $79.18. The stock has a 50-day moving average of $32.18 and a 200-day moving average of $44.39. The firm has a market cap of $689.50 million, a PE ratio of 6.86, a price-to-earnings-growth ratio of 0.49 and a beta of 3.54.

ODDITY Tech (NASDAQ:ODD) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.20 earnings per share 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%.The firm had revenue of $152.73 million during the quarter, compared to analyst estimates of $151.11 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. As a group, sell-side 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. The company sells beauty, hair, and skin products under the IL MAKIAGE and SpoiledChild brands.