ODDITY Tech Ltd. (NASDAQ:ODD) Given Consensus Recommendation of “Reduce” by Brokerages

ODDITY Tech Ltd. (NASDAQ:ODD) has received an average recommendation of “Reduce” from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $31.3636.

ODD has been the subject of a number of analyst reports. Weiss Ratings cut shares of ODDITY Tech from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 3rd. Wall Street Zen cut shares of ODDITY Tech from a “sell” rating to a “strong sell” rating in a report on Saturday, April 18th. Bank of America cut shares of ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 price objective for the company. in a report on Thursday, February 26th. Jefferies Financial Group cut shares of ODDITY Tech from a “buy” rating to a “hold” rating and reduced their price objective for the company from $64.00 to $18.00 in a report on Wednesday, February 25th. Finally, Citizens Jmp cut shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th.

Insider Activity

In other news, CFO Mann Lindsay Drucker sold 9,604 shares of ODDITY Tech stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $12.85, for a total transaction of $123,411.40. Following the completion of the transaction, the chief financial officer directly owned 49,054 shares in the company, valued at $630,343.90. This trade represents a 16.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wexford Capital LP acquired a new position in shares of ODDITY Tech during the third quarter valued at about $40,000. Legal & General Group Plc purchased a new position in ODDITY Tech during the second quarter worth about $71,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in ODDITY Tech by 134.8% during 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. Headlands Technologies LLC purchased a new position in ODDITY Tech during the second quarter worth about $108,000. Finally, Quaker Wealth Management LLC boosted its holdings in ODDITY Tech by 530.3% during the third quarter. Quaker Wealth Management LLC now owns 1,664 shares of the company’s stock worth $104,000 after purchasing an additional 1,400 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors and hedge funds.

ODDITY Tech Price Performance

Shares of NASDAQ ODD opened at $12.65 on Monday. ODDITY Tech has a twelve month low of $10.80 and a twelve month high of $79.18. The firm has a fifty day simple moving average of $14.19 and a 200 day simple moving average of $28.56. The company has a market capitalization of $728.39 million, a PE ratio of 7.03, a P/E/G ratio of 1.65 and a beta of 2.58. The company has a quick ratio of 4.06, a current ratio of 5.24 and a debt-to-equity ratio of 1.47.

ODDITY Tech (NASDAQ:ODD) last announced its earnings results on Thursday, February 26th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. ODDITY Tech had a net margin of 13.68% and a return on equity of 29.84%. The business had revenue of $152.73 million during the quarter, compared to the consensus estimate of $151.11 million. During the same quarter last year, the firm earned $0.20 earnings per share. ODDITY Tech’s quarterly revenue was up 23.8% on a year-over-year basis. On average, sell-side analysts forecast that ODDITY Tech will post 0.64 EPS for the current year.

About ODDITY Tech

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.