Ibex Investors LLC Boosts Stock Position in Oddity Tech Ltd. (NASDAQ:ODD)

Ibex Investors LLC grew its position in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 46.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 315,000 shares of the company’s stock after acquiring an additional 100,000 shares during the period. Oddity Tech comprises about 11.4% of Ibex Investors LLC’s holdings, making the stock its 4th largest holding. Ibex Investors LLC owned about 0.55% of Oddity Tech worth $13,236,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC purchased a new position in Oddity Tech during the 4th quarter valued at about $42,000. R Squared Ltd bought a new position in shares of Oddity Tech during the fourth quarter valued at approximately $61,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Oddity Tech during the third quarter valued at approximately $99,000. Wells Fargo & Company MN boosted its position in shares of Oddity Tech by 17.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock worth $126,000 after purchasing an additional 449 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Oddity Tech in the 4th quarter worth approximately $246,000. Institutional investors own 35.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ODD shares. Bank of America lifted their price objective on Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. The Goldman Sachs Group assumed coverage on Oddity Tech in a research report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price target for the company. KeyCorp upped their price target 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. JPMorgan Chase & Co. initiated coverage on shares of Oddity Tech in a research note on Friday, January 31st. They set an “overweight” rating and a $55.00 price objective for the company. Finally, Barclays upped their target price on shares of Oddity Tech from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.43.

Oddity Tech Stock Performance

NASDAQ ODD opened at $39.02 on Tuesday. Oddity Tech Ltd. has a one year low of $30.34 and a one year high of $51.00. The stock has a 50-day moving average of $44.42 and a 200 day moving average of $43.35. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 1.48 and a beta of 3.73.

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.