ODDITY Tech (NASDAQ:ODD) Stock Rating Raised to Hold at Wall Street Zen

ODDITY Tech (NASDAQ:ODD – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other equities analysts also recently commented on ODD. Truist Financial upped their price target on shares of ODDITY Tech from $18.00 to $20.00 and gave the company a “hold” rating in a report on Thursday. Bank of America reissued an “underperform” rating on shares of ODDITY Tech in a research note on Thursday, September 10th. Zacks Research upgraded ODDITY Tech from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 14th. Citigroup reaffirmed a “market perform” rating on shares of ODDITY Tech in a research note on Thursday, September 10th. Finally, Morgan Stanley raised their price target on ODDITY Tech from $16.50 to $18.50 and gave the stock an “equal weight” rating in a research note on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $23.65.

Get Our Latest Stock Analysis on ODD

ODDITY Tech Stock Up 5.4%

NASDAQ ODD opened at $17.63 on Friday. The company has a quick ratio of 2.11, a current ratio of 3.45 and a debt-to-equity ratio of 2.21. ODDITY Tech has a 52 week low of $9.25 and a 52 week high of $46.45. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 92.79 and a beta of 2.14. The company has a fifty day moving average of $19.70 and a two-hundred day moving average of $16.95.

ODDITY Tech (NASDAQ:ODD – Get Free Report) last announced its earnings results on Wednesday, November 11th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.07. The business had revenue of $144.98 million for the quarter, compared to the consensus estimate of $140.53 million. ODDITY Tech had a net margin of 1.27% and a return on equity of 0.63%. During the same quarter in the prior year, the firm posted $0.28 earnings per share. On average, analysts predict that ODDITY Tech will post -0.25 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Mann Drucker sold 7,717 shares of ODDITY Tech stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $15.09, for a total transaction of $116,449.53. Following the completion of the sale, the chief financial officer owned 116,135 shares in the company, valued at $1,752,477.15. This trade represents a 6.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 51,379 shares of company stock worth $765,474.

Hedge Funds Weigh In On ODDITY Tech

Institutional investors have recently modified their holdings of the stock. Empowered Funds LLC bought a new stake in shares of ODDITY Tech during the first quarter valued at approximately $1,275,000. State Street Corp grew its stake in ODDITY Tech by 123.5% in the second quarter. State Street Corp now owns 836,446 shares of the company’s stock worth $12,655,000 after purchasing an additional 462,137 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in ODDITY Tech in the first quarter worth approximately $3,533,000. Sparta 24 Ltd. purchased a new position in ODDITY Tech during the 1st quarter worth $1,082,000. Finally, Avidity Partners Management LP purchased a new position in ODDITY Tech during the 1st quarter worth $937,000. 35.88% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting ODDITY Tech

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About ODDITY Tech

(Get Free Report)

ODDITY Tech Ltd. is a technology-driven consumer company that develops and operates digital-first beauty and wellness brands. Its portfolio includes IL MAKIAGE, which offers makeup and skincare products, and SpoiledChild, which focuses on beauty and wellness products. The company uses data analytics, artificial intelligence and other technology to support product development, personalized recommendations and online shopping. Its brands primarily sell directly to consumers through e-commerce platforms.

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Analyst Recommendations for ODDITY Tech (NASDAQ:ODD)

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