ODDITY Tech (NASDAQ:ODD) CFO Mann Lindsay Drucker Sells 9,604 Shares

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 9,604 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $12.85, for a total transaction of $123,411.40. Following the completion of the sale, the chief financial officer directly owned 49,054 shares in the company, valued at approximately $630,343.90. This trade represents a 16.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

ODDITY Tech Trading Up 0.6%

Shares of ODD stock traded up $0.08 during trading hours on Thursday, reaching $13.48. The company’s stock had a trading volume of 135,446 shares, compared to its average volume of 2,150,513. 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 Ltd. has a one year low of $10.80 and a one year high of $79.18. The stock has a market capitalization of $776.23 million, a P/E ratio of 7.51, a P/E/G ratio of 1.75 and a beta of 3.54. The firm’s fifty day simple moving average is $21.95 and its 200 day simple moving average is $37.49.

ODDITY Tech (NASDAQ:ODD) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. The business had revenue of $152.73 million for the quarter, compared to analysts’ expectations of $151.11 million. ODDITY Tech had a net margin of 13.68% and a return on equity of 29.84%. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 earnings per share. Equities research analysts expect that ODDITY Tech Ltd. will post 1.62 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on ODD. Wall Street Zen cut ODDITY Tech from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. KeyCorp dropped their target price on shares of ODDITY Tech from $50.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Weiss Ratings downgraded shares of ODDITY Tech from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 3rd. Citizens Jmp cut shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Finally, Jefferies Financial Group lowered shares of ODDITY Tech from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $64.00 to $18.00 in a research note on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $31.36.

Hedge Funds Weigh In On ODDITY Tech

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in ODDITY Tech by 5.0% in the third quarter. Blue Trust Inc. now owns 5,988 shares of the company’s stock worth $373,000 after buying an additional 285 shares during the last quarter. TD Asset Management Inc increased its position in shares of ODDITY Tech by 7.7% during the third quarter. TD Asset Management Inc now owns 6,629 shares of the company’s stock valued at $413,000 after acquiring an additional 476 shares in the last quarter. Wexford Capital LP purchased a new position in ODDITY Tech in the 3rd quarter worth approximately $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in ODDITY Tech by 134.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company’s stock worth $69,000 after acquiring an additional 651 shares during the last quarter. Finally, USS Investment Management Ltd lifted its position in ODDITY Tech by 5.3% in the 4th quarter. USS Investment Management Ltd now owns 13,753 shares of the company’s stock valued at $552,000 after acquiring an additional 695 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

ODDITY Tech Company Profile

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.