Brokerages Set ODDITY Tech Ltd. (NASDAQ:ODD) Target Price at $27.23

ODDITY Tech Ltd. (NASDAQ:ODD) has been given a consensus recommendation of “Reduce” by the fourteen ratings firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation and ten have given a hold recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $27.2273.

Several research firms recently weighed in on ODD. Truist Financial raised their target price on shares of ODDITY Tech from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, September 10th. The Goldman Sachs Group lowered shares of ODDITY Tech from a “hold” rating to a “sell” rating and dropped their price target for the stock from $16.00 to $8.00 in a research report on Wednesday, June 3rd. KeyCorp reiterated a “sector weight” rating on shares of ODDITY Tech in a research note on Wednesday, June 3rd. Jefferies Financial Group lifted their price objective on shares of ODDITY Tech from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, September 9th. Finally, Morgan Stanley lifted their price objective on shares of ODDITY Tech from $10.00 to $16.50 and gave the company an “equal weight” rating in a research report on Thursday, September 10th.

Insider Transactions at ODDITY Tech

In related news, CFO Mann Drucker sold 7,717 shares of ODDITY Tech stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $15.09, for a total transaction of $116,449.53. Following the completion of the transaction, the chief financial officer owned 116,135 shares in the company, valued at approximately $1,752,477.15. This trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 172,454 shares of company stock valued at $2,592,610.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. K5 Global Advisor LLC bought a new stake in shares of ODDITY Tech during the 2nd quarter worth about $375,000. Sigma Planning Corp raised its holdings in ODDITY Tech by 37.7% in the 2nd quarter. Sigma Planning Corp now owns 14,510 shares of the company’s stock valued at $220,000 after acquiring an additional 3,975 shares during the period. Public Employees Retirement System of Ohio bought a new position in ODDITY Tech in the 2nd quarter valued at about $300,000. Avidity Partners Management LP bought a new position in ODDITY Tech in the 1st quarter valued at about $937,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in ODDITY Tech during the first quarter worth approximately $488,000. 35.88% of the stock is owned by institutional investors and hedge funds.

ODDITY Tech Stock Performance

Shares of NASDAQ ODD opened at $19.27 on Friday. The stock has a 50 day moving average price of $15.05 and a 200 day moving average price of $14.15. ODDITY Tech has a 52 week low of $9.25 and a 52 week high of $63.65. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.11 and a current ratio of 3.45. The stock has a market capitalization of $1.11 billion, a PE ratio of 80.29 and a beta of 2.38.

ODDITY Tech (NASDAQ:ODD) last posted its quarterly earnings results on Wednesday, September 9th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.08. The firm had revenue of $180.52 million for the quarter, compared to analyst estimates of $178.23 million. ODDITY Tech had a return on equity of 2.58% and a net margin of 2.23%.The business’s quarterly revenue was down 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 EPS. Analysts predict that ODDITY Tech will post -0.15 earnings per share for the current fiscal year.

About ODDITY Tech

ODDITY Tech Ltd. is a technology and consumer products company focused on beauty and wellness. The company combines data science, artificial intelligence and digital commerce to develop, market and sell products directly to consumers, with an emphasis on personalized shopping experiences and digitally native brands.

ODDITY’s portfolio includes IL MAKIAGE, a digitally focused makeup brand known for personalized product recommendations, and SpoiledChild, a beauty and hair-care brand. Its offerings include cosmetics, skin-care, hair-care and related beauty products sold primarily through online channels.

Founded in 2018 by Oran Holtzman and Lihi Pinto Fryman, ODDITY is headquartered in New York and operates technology and research capabilities in Tel Aviv.