Trexquant Investment LP Sells 56,217 Shares of Oddity Tech Ltd. (NASDAQ:ODD)

Trexquant Investment LP reduced its position in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 30.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,454 shares of the company’s stock after selling 56,217 shares during the period. Trexquant Investment LP owned about 0.23% of Oddity Tech worth $5,482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. lifted its holdings in Oddity Tech by 1.1% during the 4th quarter. D.A. Davidson & CO. now owns 25,838 shares of the company’s stock worth $1,086,000 after buying an additional 273 shares during the period. American Century Companies Inc. raised its position in shares of Oddity Tech by 5.1% during the fourth quarter. American Century Companies Inc. now owns 12,334 shares of the company’s stock worth $518,000 after acquiring an additional 593 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Oddity Tech by 1.2% in the third quarter. Geode Capital Management LLC now owns 63,625 shares of the company’s stock worth $2,569,000 after acquiring an additional 750 shares during the period. Mark Sheptoff Financial Planning LLC bought a new stake in Oddity Tech in the fourth quarter valued at approximately $42,000. Finally, Wilmington Savings Fund Society FSB increased its position in Oddity Tech by 49.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,650 shares of the company’s stock valued at $153,000 after purchasing an additional 1,200 shares during the period. Institutional investors and hedge funds own 35.88% of the company’s stock.

Analysts Set New Price Targets

ODD has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Oddity Tech in a research report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price target on the stock. KeyCorp upped their price target on shares of Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Bank of America increased their price target on Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. assumed coverage on Oddity Tech in a research note on Friday, January 31st. They issued an “overweight” rating and a $55.00 price objective on the stock. Finally, Barclays raised their target price on 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 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, Oddity Tech has a consensus rating of “Moderate Buy” and a consensus target price of $52.43.

Oddity Tech Price Performance

ODD stock opened at $37.97 on Friday. The company’s 50-day moving average is $44.52 and its 200-day moving average is $43.23. The stock has a market capitalization of $2.12 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.48 and a beta of 3.73. Oddity Tech Ltd. has a 1 year low of $30.34 and a 1 year high of $51.00.

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.