ODDITY Tech (NASDAQ:ODD) Rating Lowered to “In-Line” at Evercore

ODDITY Tech (NASDAQ:ODDGet Free Report) was downgraded by analysts at Evercore from an “outperform” rating to an “in-line” rating in a research note issued on Thursday, MarketBeat reports. They presently have a $23.00 target price on the stock. Evercore’s target price points to a potential upside of 95.41% from the company’s previous close.

A number of other brokerages have also recently issued reports on ODD. Zacks Research cut shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Barclays reaffirmed 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. Needham & Company LLC cut shares of ODDITY Tech from a “buy” rating to a “hold” rating in a research note on Wednesday. KeyCorp reissued an “overweight” rating on shares of ODDITY Tech in a report on Friday, February 20th. Finally, Truist Financial reaffirmed a “hold” rating and set a $18.00 price target (down from $80.00) on shares of ODDITY Tech in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $31.73.

Check Out Our Latest Analysis on ODD

ODDITY Tech Trading Down 14.5%

Shares of ODD opened at $11.77 on Thursday. 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 stock has a market cap of $657.12 million, a PE ratio of 6.54, a PEG ratio of 0.55 and a beta of 3.18. ODDITY Tech has a 1 year low of $11.61 and a 1 year high of $79.18. The stock has a 50 day simple moving average of $33.37 and a 200-day simple moving average of $45.25.

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 return on equity of 30.74% and a net margin of 13.68%.The firm had revenue of $152.73 million for the quarter, compared to analysts’ expectations of $151.11 million. During the same period in the prior year, the business posted $0.20 earnings per share. The business’s revenue was up 23.8% compared to the same quarter last year. On average, sell-side analysts predict that ODDITY Tech will post 1.62 EPS for the current fiscal year.

Institutional Trading of ODDITY Tech

A number of hedge funds and other institutional investors have recently modified their holdings of ODD. Janus Henderson Group PLC raised its position 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 worth $97,379,000 after purchasing an additional 1,296,551 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of ODDITY Tech by 17.8% in the 4th quarter. Baillie Gifford & Co. now owns 7,122,641 shares of the company’s stock valued at $286,188,000 after buying an additional 1,076,921 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of 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 acquiring an additional 825,835 shares during the last quarter. Acadian Asset Management LLC lifted its stake 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 valued at $61,984,000 after acquiring an additional 686,549 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 531,334 shares during the last quarter. Institutional investors and hedge funds own 35.88% of the company’s stock.

Key Headlines Impacting ODDITY Tech

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

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.

Further Reading

Analyst Recommendations for ODDITY Tech (NASDAQ:ODD)

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