ODDITY Tech (NASDAQ:ODD) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group downgraded shares of ODDITY Tech (NASDAQ:ODDFree Report) from a buy rating to a hold rating in a research note published on Wednesday, Marketbeat Ratings reports. They currently have $18.00 price objective on the stock, down from their prior price objective of $64.00.

ODD has been the topic of a number of other reports. Morgan Stanley lowered 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 report on Friday, November 21st. Zacks Research downgraded shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. lowered their price target on shares of ODDITY Tech from $67.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, December 12th. KeyCorp restated an “overweight” rating on shares of ODDITY Tech in a research note on Friday, February 20th. Finally, Needham & Company LLC restated a “buy” rating and issued a $72.00 price objective on shares of ODDITY Tech in a report on Thursday, November 20th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, ODDITY Tech presently has an average rating of “Reduce” and an average price target of $31.73.

Read Our Latest Report on ODDITY Tech

ODDITY Tech Stock Performance

Shares of ODDITY Tech stock opened at $11.77 on Wednesday. The company has a debt-to-equity ratio of 1.53, a current ratio of 7.54 and a quick ratio of 6.42. The firm 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. The stock’s 50-day moving average is $33.37 and its 200-day moving average is $45.25. ODDITY Tech has a one year low of $11.61 and a one year high of $79.18.

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

Institutional Investors Weigh In On ODDITY Tech

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wexford Capital LP acquired a new stake in ODDITY Tech in the 3rd quarter valued at about $40,000. Assetmark Inc. bought a new stake in ODDITY Tech in the second quarter valued at approximately $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of ODDITY Tech by 134.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company’s stock valued at $69,000 after buying an additional 651 shares during the last quarter. Legal & General Group Plc bought a new position in shares of ODDITY Tech during the 2nd quarter worth approximately $71,000. Finally, Quaker Wealth Management LLC boosted its stake in shares of ODDITY Tech by 530.3% during the 3rd quarter. Quaker Wealth Management LLC now owns 1,664 shares of the company’s stock worth $104,000 after acquiring an additional 1,400 shares during the period. 35.88% of the stock is owned by institutional investors.

ODDITY Tech News Roundup

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

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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