Mann Lindsay Drucker Sells 11,473 Shares of ODDITY Tech (NASDAQ:ODD) Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 11,473 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $15.10, for a total value of $173,242.30. Following the transaction, the chief financial officer directly owned 104,492 shares in the company, valued at approximately $1,577,829.20. The trade was a 9.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Mann Lindsay Drucker also recently made the following trade(s):

• On Tuesday, June 30th, Mann Lindsay Drucker sold 109,602 shares of ODDITY Tech stock. The shares were sold at an average price of $15.09, for a total value of $1,653,894.18.
• On Monday, June 1st, Mann Lindsay Drucker sold 9,603 shares of ODDITY Tech stock. The stock was sold at an average price of $13.44, for a total value of $129,064.32.

ODDITY Tech Stock Down 11.2%

ODDITY Tech stock opened at $13.52 on Friday. ODDITY Tech Ltd. has a 1-year low of $9.25 and a 1-year high of $64.23. The business has a fifty day moving average price of $14.30 and a 200-day moving average price of $17.37. The company has a debt-to-equity ratio of 1.96, a current ratio of 4.06 and a quick ratio of 2.86. The stock has a market capitalization of $778.48 million, a price-to-earnings ratio of 17.11 and a beta of 2.38.

ODDITY Tech (NASDAQ:ODD) last announced its 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). ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. The business had revenue of $197.94 million for the quarter, compared to analyst estimates of $187.87 million. During the same period in the prior year, the company earned $0.69 earnings per share. The company’s quarterly revenue was down 26.2% on a year-over-year basis. Equities research analysts forecast that ODDITY Tech Ltd. will post -0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley decreased their price objective on shares of ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Wall Street Zen lowered shares of ODDITY Tech from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 18th. Truist Financial decreased their price target on shares of ODDITY Tech from $18.00 to $12.00 and set a “hold” rating for the company in a report on Wednesday, June 3rd. The Goldman Sachs Group downgraded shares of ODDITY Tech from a “hold” rating to a “sell” rating and lowered their price objective for the stock from $16.00 to $8.00 in a research note on Wednesday, June 3rd. Finally, KeyCorp reissued a “sector weight” rating on shares of ODDITY Tech in a report on Wednesday, June 3rd. Nine equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $25.39.

Institutional Trading of ODDITY Tech

Several institutional investors and hedge funds have recently bought and sold shares of the business. Avidity Partners Management LP acquired a new stake in shares of ODDITY Tech in the first quarter worth $937,000. Segall Bryant & Hamill LLC acquired a new position in ODDITY Tech during the first quarter valued at $488,000. Amundi lifted its position in ODDITY Tech by 17.8% during the first quarter. Amundi now owns 434,945 shares of the company’s stock valued at $5,820,000 after purchasing an additional 65,647 shares during the period. Empowered Funds LLC purchased a new stake in ODDITY Tech in the first quarter valued at $1,275,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in ODDITY Tech in the first quarter valued at $405,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

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.