GSA Capital Partners LLP Buys 22,319 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

GSA Capital Partners LLP increased its stake in Oddity Tech Ltd. (NASDAQ:ODD) by 267.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,649 shares of the company’s stock after purchasing an additional 22,319 shares during the period. GSA Capital Partners LLP owned approximately 0.05% of Oddity Tech worth $1,238,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Blue Trust Inc. boosted its stake in Oddity Tech by 13.3% in the third quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock valued at $190,000 after buying an additional 566 shares in the last quarter. Knuff & Co LLC boosted its stake in Oddity Tech by 43.1% in the second quarter. Knuff & Co LLC now owns 5,013 shares of the company’s stock valued at $197,000 after buying an additional 1,510 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in shares of Oddity Tech by 1.3% during the second quarter. Peregrine Capital Management LLC now owns 143,384 shares of the company’s stock valued at $5,629,000 after purchasing an additional 1,784 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Oddity Tech during the second quarter valued at about $102,000. Finally, Public Employees Retirement Association of Colorado acquired a new stake in shares of Oddity Tech during the second quarter valued at about $102,000. 35.88% of the stock is owned by institutional investors and hedge funds.

Oddity Tech Trading Down 5.0 %

Shares of ODD stock opened at $42.39 on Friday. The business’s 50-day moving average price is $39.14 and its 200-day moving average price is $38.92. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 1.55 and a beta of 4.40. Oddity Tech Ltd. has a 12 month low of $30.34 and a 12 month high of $50.36.

Oddity Tech (NASDAQ:ODD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. The company had revenue of $119.00 million for 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 firm’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 earnings per share. On average, sell-side analysts predict that Oddity Tech Ltd. will post 1.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Barclays lifted their price target on Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.