ODDITY Tech (NASDAQ:ODD) Cut to Strong Sell at Wall Street Zen

Wall Street Zen cut shares of ODDITY Tech (NASDAQ:ODDFree Report) from a sell rating to a strong sell rating in a report published on Saturday morning.

A number of other equities research analysts have also weighed in on ODD. Weiss Ratings lowered ODDITY Tech from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 3rd. Needham & Company LLC lowered ODDITY Tech from a “buy” rating to a “hold” rating in a research report on Wednesday, February 25th. KeyCorp cut their price objective on ODDITY Tech from $50.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Truist Financial reiterated a “hold” rating and issued a $18.00 price objective (down from $80.00) on shares of ODDITY Tech in a research report on Wednesday, February 25th. Finally, The Goldman Sachs Group cut their price objective on ODDITY Tech from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $31.36.

View Our Latest Stock Analysis on ODD

ODDITY Tech Price Performance

Shares of ODDITY Tech stock opened at $14.74 on Friday. The stock has a market capitalization of $848.73 million, a P/E ratio of 8.19, a price-to-earnings-growth ratio of 2.01 and a beta of 2.92. ODDITY Tech has a one year low of $10.80 and a one year high of $79.18. The business’s 50 day simple moving average is $17.26 and its two-hundred day simple moving average is $33.04. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.24 and a quick ratio of 4.06.

ODDITY Tech (NASDAQ:ODDGet Free Report) last issued its quarterly earnings data 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. The firm 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 business’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS. Analysts forecast that ODDITY Tech will post 0.64 EPS for the current year.

Insider Buying and Selling at ODDITY Tech

In related news, CFO Mann Lindsay Drucker sold 9,604 shares of ODDITY Tech stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $12.85, for a total transaction of $123,411.40. Following the sale, the chief financial officer directly owned 49,054 shares in the company, valued at $630,343.90. The trade was a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On ODDITY Tech

Several hedge funds have recently made changes to their positions in ODD. Janus Henderson Group PLC boosted its position in shares of ODDITY Tech by 115.0% during the fourth quarter. Janus Henderson Group PLC now owns 2,423,917 shares of the company’s stock valued at $97,379,000 after purchasing an additional 1,296,551 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of ODDITY Tech by 17.8% during the fourth quarter. Baillie Gifford & Co. now owns 7,122,641 shares of the company’s stock valued at $286,188,000 after purchasing an additional 1,076,921 shares in the last quarter. Morgan Stanley boosted its position in shares of ODDITY Tech by 13.9% during the fourth quarter. Morgan Stanley now owns 4,305,565 shares of the company’s stock valued at $172,998,000 after purchasing an additional 525,481 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of ODDITY Tech during the third quarter valued at approximately $27,838,000. Finally, Altshuler Shaham Ltd boosted its position in shares of ODDITY Tech by 364.7% during the fourth quarter. Altshuler Shaham Ltd now owns 500,714 shares of the company’s stock valued at $20,119,000 after purchasing an additional 392,967 shares in the last quarter. 35.88% of the stock is currently owned by institutional investors.

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About ODDITY Tech

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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.

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Analyst Recommendations for ODDITY Tech (NASDAQ:ODD)

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