ODDITY Tech Ltd. (NASDAQ:ODD) Given Average Rating of “Reduce” by Analysts

ODDITY Tech Ltd. (NASDAQ:ODD) has earned a consensus rating of “Reduce” from the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $25.3864.

ODD has been the topic of a number of recent research reports. The Goldman Sachs Group cut shares of ODDITY Tech from a “hold” rating to a “sell” rating and dropped their price target for the company from $16.00 to $8.00 in a research note on Wednesday, June 3rd. Barclays reduced their price objective on shares of ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, June 3rd. Morgan Stanley lowered their target price on shares of ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Needham & Company LLC restated a “hold” rating on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Finally, Zacks Research raised ODDITY Tech from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th.

Insider Activity

In related news, CFO Mann Lindsay Drucker sold 11,473 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $15.10, for a total transaction of $173,242.30. Following the sale, the chief financial officer directly owned 104,492 shares in the company, valued at approximately $1,577,829.20. The trade was a 9.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 130,678 shares of company stock worth $1,956,201.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Wexford Capital LP purchased a new position in ODDITY Tech in the third quarter worth $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 valued at $69,000 after acquiring an additional 651 shares during the last quarter. USS Investment Management Ltd increased its stake in ODDITY Tech by 5.3% in the fourth 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 during the last quarter. California State Teachers Retirement System raised its position in ODDITY Tech by 2.0% during the fourth quarter. California State Teachers Retirement System now owns 43,532 shares of the company’s stock valued at $1,749,000 after purchasing an additional 870 shares in the last quarter. Finally, Entropy Technologies LP raised its position in ODDITY Tech by 10.0% during the third quarter. Entropy Technologies LP now owns 9,900 shares of the company’s stock valued at $617,000 after purchasing an additional 900 shares in the last quarter. Institutional investors own 35.88% of the company’s stock.

ODDITY Tech Stock Performance

Shares of ODDITY Tech stock opened at $13.22 on Wednesday. The stock has a market capitalization of $761.21 million, a P/E ratio of 16.73 and a beta of 2.38. ODDITY Tech has a 52-week low of $9.25 and a 52-week high of $64.23. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.86 and a current ratio of 4.06. The stock’s 50-day simple moving average is $14.70 and its 200 day simple moving average is $15.70.

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

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.