ODDITY Tech (NASDAQ:ODD) Shares Down 4.8% on Analyst Downgrade

ODDITY Tech Ltd. (NASDAQ:ODD) shares were down 4.8% on Thursday after KeyCorp lowered their price target on the stock from $90.00 to $80.00. KeyCorp currently has an overweight rating on the stock. ODDITY Tech traded as low as $55.68 and last traded at $55.37. Approximately 40,056 shares traded hands during trading, a decline of 95% from the average daily volume of 788,322 shares. The stock had previously closed at $58.18.

Other research analysts have also recently issued reports about the stock. Truist Financial increased their price target on shares of ODDITY Tech from $65.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Zacks Research cut shares of ODDITY Tech from a “hold” rating to a “strong sell” rating in a report on Monday. Barclays increased their price target on shares of ODDITY Tech from $60.00 to $73.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ODDITY Tech in a report on Saturday, September 27th. Finally, Needham & Company LLC started coverage on shares of ODDITY Tech in a report on Thursday, August 28th. They issued a “buy” rating and a $72.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.90.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ODD. Arrowstreet Capital Limited Partnership increased its stake in shares of ODDITY Tech by 8,711.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 835,315 shares of the company’s stock worth $63,041,000 after purchasing an additional 825,835 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of ODDITY Tech by 507.8% during the 2nd quarter. Acadian Asset Management LLC now owns 821,759 shares of the company’s stock worth $61,984,000 after purchasing an additional 686,549 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of ODDITY Tech by 378.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 671,724 shares of the company’s stock worth $50,695,000 after purchasing an additional 531,334 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of ODDITY Tech by 32.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,709,195 shares of the company’s stock worth $128,993,000 after purchasing an additional 419,702 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of ODDITY Tech during the 2nd quarter worth approximately $31,599,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

ODDITY Tech Stock Performance

The company has a current ratio of 6.32, a quick ratio of 5.57 and a debt-to-equity ratio of 1.66. The stock’s 50 day moving average price is $60.97 and its two-hundred day moving average price is $61.79. The firm has a market capitalization of $2.88 billion, a PE ratio of 28.68, a PEG ratio of 2.77 and a beta of 3.21.

ODDITY Tech (NASDAQ:ODD) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. ODDITY Tech had a net margin of 14.65% and a return on equity of 32.17%. The business had revenue of $241.14 million during the quarter, compared to analysts’ expectations of $237.44 million. During the same period last year, the company posted $0.82 EPS. The company’s revenue was up 25.1% on a year-over-year basis. ODDITY Tech has set its Q3 2025 guidance at 0.330-0.360 EPS. FY 2025 guidance at 1.990-2.040 EPS. On average, equities analysts expect that ODDITY Tech Ltd. will post 1.62 earnings per share for the current year.

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.