Mendota Financial Group LLC Trims Stock Holdings in Oddity Tech Ltd. (NASDAQ:ODD)

Mendota Financial Group LLC cut its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 26.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,958 shares of the company’s stock after selling 1,065 shares during the quarter. Mendota Financial Group LLC’s holdings in Oddity Tech were worth $124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ODD. Wilmington Savings Fund Society FSB bought a new position in shares of Oddity Tech during the third quarter worth about $99,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Oddity Tech during the 2nd quarter valued at approximately $102,000. Federated Hermes Inc. acquired a new position in Oddity Tech in the second quarter worth $113,000. Quarry LP bought a new stake in Oddity Tech during the third quarter valued at $122,000. Finally, Blue Trust Inc. raised its holdings in shares of Oddity Tech by 13.3% during the third quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock worth $190,000 after purchasing an additional 566 shares during the period. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. KeyCorp increased their price target on Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Barclays boosted their price objective on Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group began coverage on Oddity Tech in a research report on Friday, December 13th. They issued a “neutral” rating and a $48.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.88.

Oddity Tech Stock Performance

NASDAQ:ODD opened at $43.17 on Tuesday. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 26.32, 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. The business has a fifty day moving average of $44.72 and a 200-day moving average of $40.94.

Oddity Tech (NASDAQ:ODD) last announced its 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. The firm had revenue of $119.00 million during the quarter, compared to analyst estimates of $116.47 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. Oddity Tech’s revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. On average, equities research analysts predict that Oddity Tech Ltd. will post 1.64 EPS for the current year.

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.