Ashford Capital Management Inc. Has $28.17 Million Stock Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Ashford Capital Management Inc. lowered its position in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 697,660 shares of the company’s stock after selling 4,410 shares during the period. Oddity Tech comprises about 3.5% of Ashford Capital Management Inc.’s investment portfolio, making the stock its 5th largest position. Ashford Capital Management Inc.’s holdings in Oddity Tech were worth $28,172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Renaissance Technologies LLC purchased a new position in Oddity Tech during the second quarter valued at $3,722,000. Bank of New York Mellon Corp raised its position in shares of Oddity Tech by 1,303.8% in the 2nd 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 during the last quarter. Seven Eight Capital LP bought a new position in Oddity Tech in the 2nd quarter worth about $1,060,000. ARK Investment Management LLC boosted its stake in Oddity Tech by 30.5% in the 2nd 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, Aurora Investment Counsel purchased a new stake in Oddity Tech during the 3rd quarter valued at about $2,056,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barclays lifted their target price on shares of Oddity Tech from $39.00 to $42.00 and gave the stock 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $53.33.

Oddity Tech Price Performance

Oddity Tech stock opened at $49.55 on Tuesday. Oddity Tech Ltd. has a one year low of $30.34 and a one year high of $51.00. The business’s fifty day moving average is $42.16 and its 200 day moving average is $39.85. The stock has a market capitalization of $2.82 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 1.44 and a beta of 4.45.

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