Mann Lindsay Drucker Sells 11,473 Shares of ODDITY Tech (NASDAQ:ODD) Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 11,473 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $15.10, for a total value of $173,242.30. Following the completion of the sale, the chief financial officer owned 104,492 shares of the company’s stock, valued at $1,577,829.20. The trade was a 9.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Mann Lindsay Drucker also recently made the following trade(s):

• On Tuesday, June 30th, Mann Lindsay Drucker sold 109,602 shares of ODDITY Tech stock. The stock was sold at an average price of $15.09, for a total value of $1,653,894.18.
• On Monday, June 1st, Mann Lindsay Drucker sold 9,603 shares of ODDITY Tech stock. The shares were sold at an average price of $13.44, for a total transaction of $129,064.32.

ODDITY Tech Price Performance

Shares of NASDAQ:ODD traded down $0.09 during midday trading on Wednesday, reaching $15.22. 600,899 shares of the company were exchanged, compared to its average volume of 725,019. The stock has a market cap of $876.37 million, a PE ratio of 19.27 and a beta of 2.38. The business’s fifty day moving average is $14.30 and its two-hundred day moving average is $17.53. ODDITY Tech Ltd. has a one year low of $9.25 and a one year high of $64.23. The company has a current ratio of 4.06, a quick ratio of 2.86 and a debt-to-equity ratio of 1.96.

ODDITY Tech (NASDAQ:ODD) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. The company had revenue of $197.94 million during the quarter, compared to the consensus estimate of $187.87 million. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The business’s revenue was down 26.2% on a year-over-year basis. As a group, analysts predict that ODDITY Tech Ltd. will post -0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ODD shares. Morgan Stanley lowered their target price on ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Zacks Research downgraded shares of ODDITY Tech from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Needham & Company LLC reissued a “hold” rating on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Wall Street Zen lowered ODDITY Tech from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 18th. Finally, The Goldman Sachs Group cut ODDITY Tech from a “hold” rating to a “sell” rating and dropped their target price for the stock from $16.00 to $8.00 in a report on Wednesday, June 3rd. Eight equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, ODDITY Tech presently has an average rating of “Reduce” and an average price target of $25.39.

Hedge Funds Weigh In On ODDITY Tech

A number of large investors have recently made changes to their positions in ODD. Wexford Capital LP bought a new position in ODDITY Tech during the 3rd quarter valued at about $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 worth $69,000 after purchasing an additional 651 shares during the last quarter. Legal & General Group Plc bought a new stake in ODDITY Tech in the second quarter worth about $71,000. SG Americas Securities LLC purchased a new position in shares of ODDITY Tech during the first quarter valued at approximately $104,000. Finally, Headlands Technologies LLC purchased a new position in shares of ODDITY Tech during the second quarter valued at approximately $108,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

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.