ODDITY Tech Ltd. (NASDAQ:ODD) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of ODDITY Tech Ltd. (NASDAQ:ODDGet Free Report) have been given a consensus rating of “Reduce” by the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $31.7273.

A number of equities research analysts have recently weighed in on ODD shares. Evercore downgraded ODDITY Tech from an “outperform” rating to an “in-line” rating and set a $23.00 target price for the company. in a report on Thursday, February 26th. Jefferies Financial Group downgraded shares of ODDITY Tech from a “buy” rating to a “hold” rating and decreased their price target for the company from $64.00 to $18.00 in a research note on Wednesday, February 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $16.00 price target (down from $59.00) on shares of ODDITY Tech in a research report on Thursday, February 26th. Truist Financial reiterated a “hold” rating and issued a $18.00 price objective (down from $80.00) on shares of ODDITY Tech in a research note on Wednesday, February 25th. Finally, Barclays reissued an “underweight” rating and issued a $13.00 price objective (down from $40.00) on shares of ODDITY Tech in a report on Thursday, February 26th.

Get Our Latest Stock Analysis on ODD

ODDITY Tech News Summary

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

Institutional Investors Weigh In On ODDITY Tech

Several institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. grew its position in ODDITY Tech by 17.8% during the fourth quarter. Baillie Gifford & Co. now owns 7,122,641 shares of the company’s stock worth $286,188,000 after buying an additional 1,076,921 shares in the last quarter. Morgan Stanley raised its holdings in ODDITY Tech by 13.9% in the 4th quarter. Morgan Stanley now owns 4,305,565 shares of the company’s stock valued at $172,998,000 after acquiring an additional 525,481 shares in the last quarter. Janus Henderson Group PLC raised its holdings in ODDITY Tech by 115.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,423,917 shares of the company’s stock valued at $97,379,000 after acquiring an additional 1,296,551 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of ODDITY Tech by 1.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,738,125 shares of the company’s stock valued at $108,285,000 after acquiring an additional 28,930 shares during the period. Finally, Granahan Investment Management LLC lifted its position in shares of ODDITY Tech by 1.1% during the 4th quarter. Granahan Investment Management LLC now owns 1,523,204 shares of the company’s stock valued at $61,202,000 after acquiring an additional 16,747 shares during the period. 35.88% of the stock is currently owned by institutional investors.

ODDITY Tech Price Performance

ODDITY Tech stock opened at $13.37 on Friday. The company has a market capitalization of $746.45 million, a price-to-earnings ratio of 7.43, a PEG ratio of 1.75 and a beta of 3.54. 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 stock’s 50 day moving average is $25.36 and its 200-day moving average is $40.24.

ODDITY Tech (NASDAQ:ODDGet Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. ODDITY Tech had a return on equity of 29.84% and a net margin of 13.68%.The business had revenue of $152.73 million during the quarter, compared to analysts’ expectations of $151.11 million. During the same period last year, the firm posted $0.20 EPS. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. Equities research analysts expect that ODDITY Tech will post 1.62 EPS for the current year.

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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Analyst Recommendations for ODDITY Tech (NASDAQ:ODD)

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