Janus Henderson Group PLC Has $27.92 Million Position in ODDITY Tech Ltd. $ODD

Janus Henderson Group PLC cut its stake in shares of ODDITY Tech Ltd. (NASDAQ:ODD) by 13.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,086,916 shares of the company’s stock after selling 337,001 shares during the quarter. Janus Henderson Group PLC’s holdings in ODDITY Tech were worth $27,923,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ODD. Wexford Capital LP bought a new stake in shares of ODDITY Tech in the 3rd quarter worth about $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in ODDITY Tech by 134.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company’s stock valued at $69,000 after purchasing an additional 651 shares during the last quarter. Legal & General Group Plc acquired a new position in ODDITY Tech in the second quarter valued at about $71,000. SG Americas Securities LLC acquired a new position in ODDITY Tech in the first quarter valued at about $104,000. Finally, Headlands Technologies LLC bought a new stake in ODDITY Tech during the second quarter worth about $108,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on ODD shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $10.25 price objective on shares of ODDITY Tech in a report on Tuesday, June 2nd. Needham & Company LLC reissued a “hold” rating on shares of ODDITY Tech in a report on Tuesday, June 2nd. Truist Financial decreased their price target on ODDITY Tech from $18.00 to $12.00 and set a “hold” rating on the stock in a research report on Wednesday, June 3rd. Zacks Research cut ODDITY Tech from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Finally, Wall Street Zen downgraded ODDITY Tech from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 18th. Eight research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, ODDITY Tech presently has an average rating of “Reduce” and an average price target of $25.39.

Insiders Place Their Bets

In other ODDITY Tech news, CFO Mann Lindsay Drucker sold 109,602 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $15.09, for a total transaction of $1,653,894.18. Following the transaction, the chief financial officer owned 77,709 shares of the company’s stock, valued at approximately $1,172,628.81. This represents a 58.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

ODDITY Tech Stock Performance

Shares of NASDAQ ODD opened at $14.18 on Monday. ODDITY Tech Ltd. has a 1-year low of $9.25 and a 1-year high of $75.45. The company has a market cap of $816.41 million, a PE ratio of 17.95 and a beta of 2.37. The company has a current ratio of 4.06, a quick ratio of 2.86 and a debt-to-equity ratio of 1.96. The company has a 50-day moving average of $14.11 and a two-hundred day moving average of $17.93.

ODDITY Tech (NASDAQ:ODD) last announced its earnings results on Tuesday, June 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.The company had revenue of $197.94 million for the quarter, compared to analyst estimates of $187.87 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. ODDITY Tech’s revenue for the quarter was down 26.2% on a year-over-year basis. As a group, equities analysts expect that ODDITY Tech Ltd. will post -0.55 earnings per share for the current fiscal 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. The company sells beauty, hair, and skin products under the IL MAKIAGE and SpoiledChild brands.