Oddity Tech Ltd. (NASDAQ:ODD) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its stake in Oddity Tech Ltd. (NASDAQ:ODD) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,364,068 shares of the company’s stock after selling 275,624 shares during the period. Franklin Resources Inc. owned 4.16% of Oddity Tech worth $99,338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC bought a new position in Oddity Tech during the fourth quarter valued at about $42,000. R Squared Ltd bought a new position in Oddity Tech in the fourth quarter valued at about $61,000. Wilmington Savings Fund Society FSB bought a new position in shares of Oddity Tech during the 3rd quarter worth about $99,000. Quarry LP bought a new position in Oddity Tech during the third quarter valued at about $122,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Oddity Tech during the fourth quarter worth about $246,000. 35.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on ODD. Morgan Stanley lifted their price objective on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. began coverage on shares of Oddity Tech in a report on Friday, January 31st. They issued an “overweight” rating and a $55.00 price objective on the stock. Bank of America increased their target price on Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Barclays raised their price target on shares of 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, KeyCorp lifted their price objective on shares of Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

Oddity Tech Stock Performance

Shares of ODD opened at $47.61 on Thursday. Oddity Tech Ltd. has a fifty-two week low of $30.34 and a fifty-two week high of $51.00. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 1.48 and a beta of 4.20. The firm has a 50-day simple moving average of $44.70 and a 200-day simple moving average of $43.22.

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.