ODDITY Tech Ltd. (NASDAQ:ODD) Given Average Rating of “Reduce” by Analysts

ODDITY Tech Ltd. (NASDAQ:ODDGet Free Report) has received a consensus rating of “Reduce” from the thirteen brokerages that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $31.3636.

A number of research firms have recently commented on ODD. Truist Financial restated a “hold” rating and set a $18.00 price target (down from $80.00) on shares of ODDITY Tech in a research report on Wednesday, February 25th. KeyCorp dropped their price objective on ODDITY Tech from $50.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Wall Street Zen cut ODDITY Tech from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Bank of America lowered ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 target price on the stock. in a research note on Thursday, February 26th. Finally, Evercore cut ODDITY Tech from an “outperform” rating to an “in-line” rating and set a $23.00 price target on the stock. in a report on Thursday, February 26th.

Get Our Latest Research Report on ODD

Key Headlines Impacting ODDITY Tech

Here are the key news stories impacting ODDITY Tech this week:

ODDITY Tech Trading Up 4.7%

Shares of ODDITY Tech stock opened at $15.11 on Thursday. The company’s 50-day moving average price is $18.12 and its 200-day moving average price is $34.21. The company has a current ratio of 5.24, a quick ratio of 4.06 and a debt-to-equity ratio of 1.47. ODDITY Tech has a 12-month low of $10.80 and a 12-month high of $79.18. The company has a market cap of $870.03 million, a price-to-earnings ratio of 8.39, a PEG ratio of 1.89 and a beta of 2.92.

ODDITY Tech (NASDAQ:ODDGet Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.14 by $0.06. ODDITY Tech had a net margin of 13.68% and a return on equity of 29.84%. The company had revenue of $152.73 million during the quarter, compared to analysts’ expectations of $151.11 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. ODDITY Tech’s revenue for the quarter was up 23.8% on a year-over-year basis. On average, equities analysts expect that ODDITY Tech will post 1.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Mann Lindsay Drucker sold 9,604 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $12.85, for a total value of $123,411.40. Following the sale, the chief financial officer directly owned 49,054 shares of the company’s stock, valued at $630,343.90. This trade represents a 16.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Trading of ODDITY Tech

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wexford Capital LP purchased a new position in ODDITY Tech in the third quarter worth $40,000. Legal & General Group Plc bought a new position in ODDITY Tech in the second quarter valued at $71,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in ODDITY Tech by 134.8% during the third 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 in the last quarter. Headlands Technologies LLC bought a new stake in ODDITY Tech during the second quarter worth about $108,000. Finally, Quaker Wealth Management LLC lifted its stake in ODDITY Tech by 530.3% during the third quarter. Quaker Wealth Management LLC now owns 1,664 shares of the company’s stock worth $104,000 after purchasing an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

ODDITY Tech Company Profile

(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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Analyst Recommendations for ODDITY Tech (NASDAQ:ODD)

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