ODDITY Tech (NASDAQ:ODD) Cut to Sell at Wall Street Zen

ODDITY Tech (NASDAQ:ODDGet Free Report) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

ODD has been the subject of a number of other reports. Truist Financial reaffirmed a “hold” rating and set a $18.00 target price (down from $80.00) on shares of ODDITY Tech in a research report on Wednesday. Bank of America cut shares of ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 price objective for the company. in a research note on Thursday. Morgan Stanley dropped their price objective on shares of 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. Citizens Jmp lowered shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Barclays reiterated an “underweight” rating and set a $13.00 price objective (down from $40.00) on shares of ODDITY Tech in a research note on Thursday. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $31.73.

Get Our Latest Analysis on ODDITY Tech

ODDITY Tech Stock Down 14.5%

NASDAQ:ODD opened at $11.77 on Friday. The stock has a fifty day simple moving average of $33.37 and a 200-day simple moving average of $45.25. The company has a current ratio of 7.54, a quick ratio of 6.42 and a debt-to-equity ratio of 1.53. The company has a market cap of $657.12 million, a price-to-earnings ratio of 6.54, a price-to-earnings-growth ratio of 0.55 and a beta of 3.18. ODDITY Tech has a twelve month low of $11.61 and a twelve month high of $79.18.

ODDITY Tech (NASDAQ:ODDGet Free Report) last announced its quarterly earnings data 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. The company had revenue of $152.73 million during the quarter, compared to analyst estimates of $151.11 million. ODDITY Tech had a net margin of 13.68% and a return on equity of 30.74%. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. Analysts anticipate that ODDITY Tech will post 1.62 EPS for the current year.

Hedge Funds Weigh In On ODDITY Tech

A number of hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC lifted its holdings in shares of ODDITY Tech by 115.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,423,917 shares of the company’s stock worth $97,379,000 after acquiring an additional 1,296,551 shares during the last quarter. Baillie Gifford & Co. raised its position in ODDITY Tech by 17.8% in the fourth quarter. Baillie Gifford & Co. now owns 7,122,641 shares of the company’s stock valued at $286,188,000 after purchasing an additional 1,076,921 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in ODDITY Tech by 8,711.3% during the second 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 boosted its position in shares of ODDITY Tech by 507.8% during the second quarter. Acadian Asset Management LLC now owns 821,759 shares of the company’s stock worth $61,984,000 after buying an additional 686,549 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of ODDITY Tech by 378.5% in the second quarter. JPMorgan Chase & Co. now owns 671,724 shares of the company’s stock valued at $50,695,000 after buying an additional 531,334 shares in the last quarter. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting ODDITY Tech

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About ODDITY Tech

(Get Free Report)

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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