Franklin Resources Inc. Has $59.51 Million Stake in Oddity Tech Ltd. (NASDAQ:ODD)

Franklin Resources Inc. grew its holdings in shares of Oddity Tech Ltd. (NASDAQ:ODD) by 15.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,279,002 shares of the company’s stock after acquiring an additional 171,652 shares during the quarter. Franklin Resources Inc. owned 2.26% of Oddity Tech worth $59,512,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ODD. M&T Bank Corp bought a new stake in Oddity Tech in the fourth quarter valued at approximately $203,000. Legato Capital Management LLC bought a new stake in Oddity Tech in the fourth quarter valued at approximately $336,000. Greycroft LP bought a new stake in Oddity Tech in the third quarter valued at approximately $227,000. New York State Common Retirement Fund bought a new stake in Oddity Tech in the third quarter valued at approximately $507,000. Finally, Federated Hermes Inc. bought a new stake in Oddity Tech in the third quarter valued at approximately $510,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on ODD shares. Evercore ISI started coverage on Oddity Tech in a report on Thursday, April 4th. They issued an “outperform” rating and a $57.00 target price on the stock. Bank of America increased their price target on Oddity Tech from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Morgan Stanley increased their price target on Oddity Tech from $35.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. JMP Securities restated a “market outperform” rating and set a $66.00 price target on shares of Oddity Tech in a report on Thursday, March 7th. Finally, Barclays cut their price target on Oddity Tech from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Oddity Tech presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.38.

Oddity Tech Trading Up 0.0 %

Shares of ODD traded up $0.01 during trading hours on Friday, reaching $36.68. The stock had a trading volume of 567,451 shares, compared to its average volume of 1,316,059. Oddity Tech Ltd. has a 12 month low of $24.12 and a 12 month high of $56.00. The firm has a 50-day simple moving average of $37.71 and a 200 day simple moving average of $39.85. The company has a market capitalization of $2.09 billion and a price-to-earnings ratio of 30.57.

Oddity Tech (NASDAQ:ODD) last issued its earnings results on Tuesday, March 5th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Oddity Tech had a return on equity of 26.10% and a net margin of 12.97%. The company had revenue of $97.25 million for the quarter, compared to analysts’ expectations of $86.38 million. On average, equities analysts forecast that Oddity Tech Ltd. will post 1.3 EPS for the current year.

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.