Analysts Set ODDITY Tech Ltd. (NASDAQ:ODD) PT at $31.36

Shares of ODDITY Tech Ltd. (NASDAQ:ODDGet Free Report) have been given a consensus recommendation of “Reduce” by the thirteen ratings firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $31.3636.

ODD has been the topic of a number of research analyst reports. Barclays restated an “underweight” rating and set a $13.00 price target (down from $40.00) on shares of ODDITY Tech in a research note on Thursday, February 26th. Evercore cut shares of ODDITY Tech from an “outperform” rating to an “in-line” rating and set a $23.00 target price for the company. in a research note on Thursday, February 26th. Needham & Company LLC downgraded shares of ODDITY Tech from a “buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Bank of America downgraded shares of ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 target price on the stock. in a research report on Thursday, February 26th. Finally, Truist Financial reissued a “hold” rating and set a $18.00 target price (down from $80.00) on shares of ODDITY Tech in a research report on Wednesday, February 25th.

View Our Latest Report on ODD

Key ODDITY Tech News

Here are the key news stories impacting ODDITY Tech this week:

Insider Activity

In related news, CFO Mann Lindsay Drucker sold 9,604 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $12.85, for a total value of $123,411.40. Following the completion of the transaction, the chief financial officer owned 49,054 shares in the company, valued at $630,343.90. This trade represents a 16.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Trading of ODDITY Tech

Several large investors have recently added to or reduced their stakes in ODD. Wexford Capital LP purchased a new position in shares of ODDITY Tech in the third quarter worth about $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 worth $69,000 after purchasing an additional 651 shares during the period. Legal & General Group Plc purchased a new stake in ODDITY Tech in the second quarter valued at approximately $71,000. Quaker Wealth Management LLC boosted its position in ODDITY Tech by 530.3% in the third quarter. Quaker Wealth Management LLC now owns 1,664 shares of the company’s stock valued at $104,000 after buying an additional 1,400 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in ODDITY Tech in the 1st quarter worth approximately $104,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

ODDITY Tech Stock Performance

Shares of ODD opened at $15.74 on Thursday. The company has a current ratio of 5.24, a quick ratio of 4.06 and a debt-to-equity ratio of 1.47. The firm has a market cap of $906.31 million, a PE ratio of 8.74, a P/E/G ratio of 2.02 and a beta of 2.92. ODDITY Tech has a 12 month low of $10.80 and a 12 month high of $79.18. The stock has a fifty day moving average price of $16.69 and a 200-day moving average price of $32.61.

ODDITY Tech (NASDAQ:ODDGet Free Report) last announced its earnings results on Thursday, February 26th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. ODDITY Tech had a return on equity of 29.84% and a net margin of 13.68%.The firm had revenue of $152.73 million for the quarter, compared to the consensus estimate of $151.11 million. During the same period in the previous year, the business earned $0.20 EPS. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. Equities research analysts predict that ODDITY Tech will post 0.64 earnings per share for the current fiscal year.

About ODDITY Tech

(Get Free Report)

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.

Further Reading

Analyst Recommendations for ODDITY Tech (NASDAQ:ODD)

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