Analysts Set ODDITY Tech Ltd. (NASDAQ:ODD) Price Target at $25.39

ODDITY Tech Ltd. (NASDAQ:ODD) has earned an average recommendation of “Reduce” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $25.3864.

ODD has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Wall Street Zen cut ODDITY Tech from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 18th. Truist Financial dropped their price target on ODDITY Tech from $18.00 to $12.00 and set a “hold” rating on the stock in a research report on Wednesday, June 3rd. Barclays reduced their price target on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 3rd. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $10.25 price objective on shares of ODDITY Tech in a report on Tuesday, June 2nd.

Insider Activity at ODDITY Tech

In other news, CFO Mann Lindsay Drucker sold 109,602 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $15.09, for a total value of $1,653,894.18. Following the sale, the chief financial officer directly owned 77,709 shares of the company’s stock, valued at $1,172,628.81. This represents a 58.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Wexford Capital LP bought a new stake in ODDITY Tech during the third quarter worth about $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 period. USS Investment Management Ltd increased its stake in shares of ODDITY Tech by 5.3% during the fourth quarter. USS Investment Management Ltd now owns 13,753 shares of the company’s stock valued at $552,000 after purchasing an additional 695 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of 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 increased its stake in shares of 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. 35.88% of the stock is currently owned by institutional investors.

ODDITY Tech Price Performance

Shares of NASDAQ ODD opened at $14.18 on Friday. ODDITY Tech has a 1 year low of $9.25 and a 1 year high of $75.45. The company has a debt-to-equity ratio of 1.96, a current ratio of 4.06 and a quick ratio of 2.86. The company’s 50-day moving average is $14.11 and its 200 day moving average is $18.05. The stock has a market capitalization of $816.48 million, a P/E ratio of 17.95 and a beta of 2.37.

ODDITY Tech (NASDAQ:ODD) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.13). ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.The company had revenue of $197.94 million during the quarter, compared to analysts’ expectations of $187.87 million. During the same quarter last year, the business earned $0.69 earnings per share. The business’s quarterly revenue was down 26.2% on a year-over-year basis. On average, sell-side analysts expect that ODDITY Tech will post -0.55 earnings per share 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.