ODDITY Tech Ltd. (NASDAQ:ODD) Given Average Recommendation of “Reduce” by Brokerages

ODDITY Tech Ltd. (NASDAQ:ODDGet Free Report) has received an average rating of “Reduce” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $25.3864.

Several brokerages have commented on ODD. Bank of America cut shares of ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 price objective for the company. in a research note on Thursday, February 26th. Zacks Research lowered shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Morgan Stanley cut their price target on shares of ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, June 3rd. Barclays cut their price target on shares of ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, June 3rd. Finally, Wall Street Zen lowered shares of ODDITY Tech from a “sell” rating to a “strong sell” rating in a report on Saturday, April 18th.

View Our Latest Report on ODDITY Tech

Insider Buying and Selling

In related 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 value of $129,064.32. Following the completion of the sale, the chief financial officer owned 77,709 shares of the company’s stock, valued at approximately $1,044,408.96. The trade was a 11.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 28,807 shares of company stock valued at $402,428.

Institutional Investors Weigh In On ODDITY Tech

Institutional investors and hedge funds have recently added to or reduced their stakes 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 worth $413,000 after buying an additional 476 shares in the last quarter. Wexford Capital LP purchased a new stake in shares of ODDITY Tech during the third quarter worth $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 worth $69,000 after buying an additional 651 shares in 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 worth $552,000 after buying an additional 695 shares in 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 worth $1,749,000 after buying an additional 870 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

ODDITY Tech Stock Up 10.0%

ODD stock opened at $10.92 on Friday. The firm has a 50 day moving average of $13.54 and a 200 day moving average of $25.04. The stock has a market capitalization of $628.77 million, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.30 and a beta of 2.47. The company has a quick ratio of 2.86, a current ratio of 4.06 and a debt-to-equity ratio of 1.96. ODDITY Tech has a 52 week low of $9.25 and a 52 week high of $77.83.

ODDITY Tech (NASDAQ:ODDGet Free Report) last released its earnings results on Tuesday, June 2nd. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). The company had revenue of $197.94 million during the quarter, compared to analyst estimates of $187.87 million. ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.The firm’s revenue for the quarter was down 26.2% on a year-over-year basis. During the same quarter last year, the business earned $0.69 earnings per share. Sell-side analysts forecast that ODDITY Tech will post 0.64 earnings per share for the current 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.

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Analyst Recommendations for ODDITY Tech (NASDAQ:ODD)

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