ODDITY Tech Ltd. (NASDAQ:ODD) Receives Consensus Rating of “Reduce” from Brokerages

Shares of ODDITY Tech Ltd. (NASDAQ:ODDGet Free Report) have received a consensus recommendation of “Reduce” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $31.3636.

ODD has been the subject of several analyst reports. Jefferies Financial Group downgraded shares of ODDITY Tech from a “buy” rating to a “hold” rating and lowered their target price for the company from $64.00 to $18.00 in a report on Wednesday, February 25th. Wall Street Zen lowered ODDITY Tech from a “sell” rating to a “strong sell” rating in a report on Saturday. Zacks Research lowered ODDITY Tech from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Truist Financial reaffirmed a “hold” rating and issued a $18.00 target price (down from $80.00) on shares of ODDITY Tech in a report on Wednesday, February 25th. Finally, KeyCorp reduced their target price on ODDITY Tech from $50.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, February 26th.

Check Out Our Latest Research Report on ODD

Insider Buying and Selling at ODDITY Tech

In related news, CFO Mann Lindsay Drucker sold 9,604 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $12.85, for a total value of $123,411.40. Following the transaction, the chief financial officer directly owned 49,054 shares of the company’s stock, valued at approximately $630,343.90. The trade was a 16.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On ODDITY Tech

A number of hedge funds have recently modified their holdings of ODD. Wexford Capital LP bought a new stake in shares of ODDITY Tech in the 3rd quarter worth approximately $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 purchasing an additional 651 shares during the period. Legal & General Group Plc bought a new stake in shares of ODDITY Tech in the 2nd quarter worth approximately $71,000. Quaker Wealth Management LLC increased its holdings in ODDITY Tech by 530.3% in the 3rd quarter. Quaker Wealth Management LLC now owns 1,664 shares of the company’s stock worth $104,000 after acquiring an additional 1,400 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in ODDITY Tech in the 1st quarter worth about $104,000. Institutional investors own 35.88% of the company’s stock.

ODDITY Tech Stock Down 3.9%

ODD stock opened at $14.74 on Thursday. ODDITY Tech has a twelve month low of $10.80 and a twelve month high of $79.18. The company has a quick ratio of 4.06, a current ratio of 5.24 and a debt-to-equity ratio of 1.47. The stock’s 50 day moving average is $17.26 and its 200-day moving average is $33.04. The firm has a market capitalization of $848.73 million, a PE ratio of 8.19, a P/E/G ratio of 2.01 and a beta of 2.92.

ODDITY Tech (NASDAQ:ODDGet Free Report) last posted its earnings results on Thursday, February 26th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. The company had revenue of $152.73 million for the quarter, compared to analyst estimates of $151.11 million. ODDITY Tech had a return on equity of 29.84% and a net margin of 13.68%.The company’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter last year, the company earned $0.20 earnings per share. Sell-side analysts expect that ODDITY Tech will post 0.64 EPS for the current fiscal year.

ODDITY Tech News Summary

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

ODDITY Tech Company Profile

(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)

Receive News & Ratings for ODDITY Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ODDITY Tech and related companies with MarketBeat.com's FREE daily email newsletter.