61,064 Shares in ODDITY Tech Ltd. $ODD Bought by Venture Visionary Partners LLC

Venture Visionary Partners LLC bought a new position in shares of ODDITY Tech Ltd. (NASDAQ:ODD) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 61,064 shares of the company’s stock, valued at approximately $2,454,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Baillie Gifford & Co. boosted its position in shares of ODDITY Tech by 17.8% during the 4th quarter. Baillie Gifford & Co. now owns 7,122,641 shares of the company’s stock worth $286,188,000 after acquiring an additional 1,076,921 shares in the last quarter. Morgan Stanley boosted its position in shares of ODDITY Tech by 13.9% during the 4th quarter. Morgan Stanley now owns 4,305,565 shares of the company’s stock worth $172,998,000 after acquiring an additional 525,481 shares in the last quarter. Granahan Investment Management LLC boosted its position in shares of ODDITY Tech by 11.1% during the 3rd quarter. Granahan Investment Management LLC now owns 1,506,457 shares of the company’s stock worth $93,852,000 after acquiring an additional 151,110 shares in the last quarter. Bamco Inc. NY boosted its position in shares of 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of ODDITY Tech by 6.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 713,447 shares of the company’s stock worth $44,448,000 after acquiring an additional 41,723 shares in the last quarter. 35.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ODDITY Tech

In other news, CFO Mann Lindsay Drucker sold 9,603 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $13.44, for a total value of $129,064.32. Following the completion of the sale, the chief financial officer directly owned 77,709 shares of the company’s stock, valued at approximately $1,044,408.96. The trade was a 11.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 28,807 shares of company stock valued at $402,428.

ODDITY Tech Stock Down 1.4%

ODDITY Tech stock opened at $11.56 on Tuesday. ODDITY Tech Ltd. has a fifty-two week low of $9.25 and a fifty-two week high of $77.83. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.86 and a current ratio of 4.06. The company has a market capitalization of $665.62 million, a P/E ratio of 14.63 and a beta of 2.48. The stock has a 50-day simple moving average of $13.38 and a 200-day simple moving average of $24.23.

ODDITY Tech (NASDAQ:ODD) last posted its earnings results on Tuesday, June 2nd. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.13). ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. The firm had revenue of $197.94 million during the quarter, compared to analysts’ expectations of $187.87 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The firm’s revenue for the quarter was down 26.2% on a year-over-year basis. Equities research analysts expect that ODDITY Tech Ltd. will post -0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

ODD has been the subject of several analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $10.25 price objective on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Truist Financial lowered their price objective on ODDITY Tech from $18.00 to $12.00 and set a “hold” rating for the company in a research report on Wednesday, June 3rd. Evercore cut ODDITY Tech from an “outperform” rating to an “in-line” rating and set a $23.00 price objective for the company. in a research report on Thursday, February 26th. Barclays lowered their price objective on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, June 3rd. Finally, Weiss Ratings cut ODDITY Tech from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 3rd. Nine equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $25.39.

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.