Main Management ETF Advisors LLC Buys Shares of 20,952 Oddity Tech Ltd. (NASDAQ:ODD)

Main Management ETF Advisors LLC bought a new stake in Oddity Tech Ltd. (NASDAQ:ODD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,952 shares of the company’s stock, valued at approximately $846,000.

Other institutional investors have also recently made changes to their positions in the company. California State Teachers Retirement System grew its position in shares of Oddity Tech by 37.1% during the first quarter. California State Teachers Retirement System now owns 21,538 shares of the company’s stock worth $936,000 after purchasing an additional 5,826 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Oddity Tech during the second quarter worth about $550,000. Bank of New York Mellon Corp grew its position in shares of Oddity Tech by 1,303.8% during the second quarter. Bank of New York Mellon Corp now owns 145,196 shares of the company’s stock worth $5,700,000 after purchasing an additional 134,853 shares in the last quarter. ARK Investment Management LLC grew its position in shares of Oddity Tech by 30.5% during the second quarter. ARK Investment Management LLC now owns 64,468 shares of the company’s stock worth $2,531,000 after purchasing an additional 15,062 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Oddity Tech by 491.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 295,764 shares of the company’s stock worth $11,612,000 after purchasing an additional 245,764 shares in the last quarter. Institutional investors own 35.88% of the company’s stock.

Oddity Tech Price Performance

NASDAQ:ODD opened at $47.92 on Friday. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 1.37 and a beta of 4.45. Oddity Tech Ltd. has a 1 year low of $30.34 and a 1 year high of $50.36. The business has a 50 day simple moving average of $41.98 and a 200-day simple moving average of $39.73.

Oddity Tech (NASDAQ:ODD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.10. The business had revenue of $119.00 million during the quarter, compared to analyst estimates of $116.47 million. Oddity Tech had a return on equity of 29.02% and a net margin of 16.32%. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period last year, the company earned $0.06 EPS. As a group, analysts expect that Oddity Tech Ltd. will post 1.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Barclays raised their price target on Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.33.

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.