Wall Street Zen upgraded shares of ODDITY Tech (NASDAQ:ODD – Free Report) from a strong sell rating to a sell rating in a report published on Sunday,Wall Street Zen reports.
A number of other analysts have also issued reports on ODD. JPMorgan Chase & Co. initiated coverage on shares of ODDITY Tech in a research note on Monday, September 21st. They set a “neutral” rating and a $18.00 price target on the stock. Zacks Research raised shares of ODDITY Tech from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 14th. Jefferies Financial Group lifted their price objective on shares of ODDITY Tech from $16.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, September 9th. Weiss Ratings upgraded shares of ODDITY Tech from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Finally, Bank of America reaffirmed an “underperform” rating on shares of ODDITY Tech in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $22.35.
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ODDITY Tech Trading Up 2.2%
ODD opened at $23.53 on Friday. ODDITY Tech has a 52 week low of $9.25 and a 52 week high of $52.00. The business has a fifty day simple moving average of $17.09 and a 200-day simple moving average of $15.20. The firm has a market cap of $1.35 billion, a P/E ratio of 98.04 and a beta of 2.24. 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 (NASDAQ:ODD – Get Free Report) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. ODDITY Tech had a return on equity of 2.58% and a net margin of 2.23%. The business had revenue of $180.52 million during the quarter, compared to analysts’ expectations of $178.23 million. During the same period in the previous year, the firm posted $0.92 earnings per share. The company’s revenue was down 24.9% on a year-over-year basis. On average, equities analysts expect that ODDITY Tech will post -0.25 earnings per share for the current year.
Insiders Place Their Bets
In other ODDITY Tech news, CFO Mann Drucker sold 7,717 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $15.09, for a total value of $116,449.53. Following the sale, the chief financial officer owned 116,135 shares of the company’s stock, valued at $1,752,477.15. This trade represents a 6.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 62,852 shares of company stock worth $938,716.
Hedge Funds Weigh In On ODDITY Tech
Several hedge funds and other institutional investors have recently made changes to their positions in ODD. USS Investment Management Ltd raised its position in ODDITY Tech by 6.4% during the first quarter. USS Investment Management Ltd now owns 14,633 shares of the company’s stock worth $196,000 after acquiring an additional 880 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of ODDITY Tech by 14.9% in the first quarter. Blue Trust Inc. now owns 11,359 shares of the company’s stock worth $152,000 after acquiring an additional 1,470 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of ODDITY Tech by 52.0% in the first quarter. Sigma Planning Corp now owns 10,535 shares of the company’s stock worth $141,000 after acquiring an additional 3,605 shares during the last quarter. Juncture Wealth Strategies LLC lifted its position in shares of ODDITY Tech by 17.8% in the third quarter. Juncture Wealth Strategies LLC now owns 27,119 shares of the company’s stock valued at $506,000 after acquiring an additional 4,097 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of ODDITY Tech in the first quarter valued at $104,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.
ODDITY Tech Company Profile
ODDITY Tech Ltd. is a technology-driven beauty and wellness company that develops and markets consumer brands through digital, direct-to-consumer channels. The company uses data science, artificial intelligence and technology-enabled personalization to help consumers discover products and make purchasing decisions online.
ODDITY’s portfolio includes IL MAKIAGE, a digitally native makeup brand known for personalized product recommendations, and SpoiledChild, a beauty and hair-care brand focused on personalized routines and treatments.
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