ODDITY Tech (NASDAQ:ODD) Cut to “Hold” at Citizens Jmp

Citizens Jmp downgraded shares of ODDITY Tech (NASDAQ:ODDFree Report) from a strong-buy rating to a hold rating in a research note released on Wednesday,Zacks.com reports.

A number of other research firms have also recently issued reports on ODD. Bank of America cut ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 target price for the company. in a report on Thursday. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $20.00 price objective on shares of ODDITY Tech in a research report on Wednesday. Truist Financial reiterated a “hold” rating and set a $18.00 price objective (down from $80.00) on shares of ODDITY Tech in a report on Wednesday. Morgan Stanley cut their target price on ODDITY Tech from $61.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Friday, November 21st. Finally, Evercore downgraded ODDITY Tech from an “outperform” rating to an “in-line” rating and set a $23.00 price target for the company. in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, ODDITY Tech currently has an average rating of “Reduce” and an average target price of $31.73.

View Our Latest Analysis on ODD

ODDITY Tech Price Performance

Shares of ODD opened at $11.77 on Wednesday. The stock has a 50 day simple moving average of $33.37 and a 200 day simple moving average of $45.25. ODDITY Tech has a 52-week low of $11.61 and a 52-week high of $79.18. The company has a debt-to-equity ratio of 1.53, a quick ratio of 6.42 and a current ratio of 7.54. The firm has a market capitalization of $657.12 million, a PE ratio of 6.54, a P/E/G ratio of 0.55 and a beta of 3.18.

ODDITY Tech (NASDAQ:ODDGet Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. ODDITY Tech had a net margin of 13.68% and a return on equity of 30.74%. The firm had revenue of $152.73 million for the quarter, compared to analyst estimates of $151.11 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The business’s revenue was up 23.8% on a year-over-year basis. Sell-side analysts predict that ODDITY Tech will post 1.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of ODDITY Tech by 16.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,117 shares of the company’s stock valued at $3,293,000 after purchasing an additional 10,582 shares during the period. State of New Jersey Common Pension Fund D increased its position in ODDITY Tech by 74.9% during the second quarter. State of New Jersey Common Pension Fund D now owns 14,323 shares of the company’s stock worth $1,081,000 after buying an additional 6,132 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in ODDITY Tech in the second quarter valued at approximately $231,000. Envestnet Asset Management Inc. bought a new stake in ODDITY Tech in the second quarter valued at approximately $712,000. Finally, Teacher Retirement System of Texas lifted its position in shares of ODDITY Tech by 11.9% in the second quarter. Teacher Retirement System of Texas now owns 17,108 shares of the company’s stock valued at $1,291,000 after buying an additional 1,821 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting ODDITY Tech

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ODDITY Tech Company Profile

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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.

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Analyst Recommendations for ODDITY Tech (NASDAQ:ODD)

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