ODDITY Tech Ltd. (NASDAQ:ODD – Get Free Report)’s share price traded up 9.6% on Thursday . The stock traded as high as $12.01 and last traded at $12.0210. 168,030 shares traded hands during trading, a decline of 91% from the average session volume of 1,898,385 shares. The stock had previously closed at $10.97.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Citizens Jmp downgraded shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. The Goldman Sachs Group downgraded shares of ODDITY Tech from a “hold” rating to a “sell” rating and decreased their price target for the company from $16.00 to $8.00 in a research note on Wednesday, June 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Evercore downgraded shares of ODDITY Tech from an “outperform” rating to an “in-line” rating and set a $23.00 price target for the company. in a research note on Thursday, February 26th. Finally, Wall Street Zen downgraded shares of ODDITY Tech from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 18th. Nine equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $25.39.
Check Out Our Latest Report on ODDITY Tech
ODDITY Tech Stock Up 16.9%
ODDITY Tech (NASDAQ:ODD – Get Free Report) last released its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The firm had revenue of $197.94 million during the quarter, compared to analysts’ expectations of $187.87 million. ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.ODDITY Tech’s revenue for the quarter was down 26.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 earnings per share. On average, analysts forecast that ODDITY Tech Ltd. will post -0.46 EPS for the current year.
Insider Buying and Selling at ODDITY Tech
In other news, CFO Mann Lindsay Drucker sold 9,603 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $13.44, for a total transaction of $129,064.32. Following the sale, the chief financial officer directly owned 77,709 shares of the company’s stock, valued at $1,044,408.96. The trade was a 11.00% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 28,807 shares of company stock worth $402,428 over the last 90 days.
Institutional Investors Weigh In On ODDITY Tech
A number of large investors have recently made changes to their positions in the stock. TD Asset Management Inc grew its holdings in shares of ODDITY Tech by 7.7% during the third quarter. TD Asset Management Inc now owns 6,629 shares of the company’s stock valued at $413,000 after buying an additional 476 shares during the last quarter. Wexford Capital LP purchased a new stake in shares of ODDITY Tech during the third quarter valued at $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 valued at $69,000 after buying an additional 651 shares during the last quarter. USS Investment Management Ltd grew its holdings 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 buying an additional 695 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings 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 buying an additional 870 shares during the last quarter. 35.88% of the stock is owned by hedge funds and other institutional investors.
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.
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