Moody National Bank Trust Division Buys 10,338 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Moody National Bank Trust Division grew its stake in Oddity Tech Ltd. (NASDAQ:ODD) by 12.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,696 shares of the company’s stock after acquiring an additional 10,338 shares during the period. Moody National Bank Trust Division’s holdings in Oddity Tech were worth $3,895,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ODD. Wilmington Savings Fund Society FSB bought a new position in Oddity Tech during the 3rd quarter worth about $99,000. Public Employees Retirement Association of Colorado bought a new position in shares of Oddity Tech during the second quarter valued at approximately $102,000. Federated Hermes Inc. purchased a new position in Oddity Tech during the second quarter valued at approximately $113,000. Quarry LP purchased a new stake in Oddity Tech during the third quarter worth $122,000. Finally, Mendota Financial Group LLC bought a new position in shares of Oddity Tech in the 3rd quarter worth $162,000. Institutional investors own 35.88% of the company’s stock.

Oddity Tech Price Performance

NASDAQ:ODD traded down $1.54 during mid-day trading on Monday, hitting $42.65. The company’s stock had a trading volume of 294,826 shares, compared to its average volume of 386,529. The business’s fifty day moving average is $44.65 and its two-hundred day moving average is $40.91. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 1.49 and a beta of 4.30. Oddity Tech Ltd. has a 1 year low of $30.34 and a 1 year high of $51.00.

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

Wall Street Analysts Forecast Growth

ODD has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. KeyCorp boosted their price objective on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group initiated coverage on shares of Oddity Tech in a research report on Friday, December 13th. They set a “neutral” rating and a $48.00 target price for the company. Finally, Barclays upped their price target on Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $52.88.

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.