Cubist Systematic Strategies LLC Has $2.39 Million Stock Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Cubist Systematic Strategies LLC lowered its position in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 6.3% in the fourth quarter, Holdings Channel reports. The firm owned 56,841 shares of the company’s stock after selling 3,804 shares during the period. Cubist Systematic Strategies LLC’s holdings in Oddity Tech were worth $2,388,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC acquired a new position in Oddity Tech during the fourth quarter valued at approximately $42,000. R Squared Ltd acquired a new position in Oddity Tech during the fourth quarter valued at approximately $61,000. Wells Fargo & Company MN grew its holdings in Oddity Tech by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock valued at $126,000 after purchasing an additional 449 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in Oddity Tech by 49.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,650 shares of the company’s stock valued at $153,000 after purchasing an additional 1,200 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Oddity Tech during the fourth quarter worth about $246,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Oddity Tech Stock Performance

NASDAQ:ODD opened at $71.00 on Monday. The company has a market cap of $3.96 billion, a PE ratio of 43.29, a PEG ratio of 1.48 and a beta of 3.44. Oddity Tech Ltd. has a 52-week low of $32.71 and a 52-week high of $72.30. The stock has a 50-day simple moving average of $46.70 and a 200 day simple moving average of $45.12.

Oddity Tech (NASDAQ:ODD) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $268.08 million during the quarter, compared to the consensus estimate of $260.71 million. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. Oddity Tech’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. On average, research analysts predict that Oddity Tech Ltd. will post 1.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ODD has been the topic of several recent analyst reports. Truist Financial lifted their target price on Oddity Tech from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Barclays lifted their target price on Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. JMP Securities reiterated a “market outperform” rating and set a $66.00 target price on shares of Oddity Tech in a report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their target price on Oddity Tech from $56.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group upped their price target on shares of Oddity Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.63.

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.