ODDITY Tech Ltd. (NASDAQ:ODD) Stock Has Average Target Price of $22.35

Shares of ODDITY Tech Ltd. (NASDAQ:ODD) have received a consensus rating of “Reduce” from the fourteen research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $22.35.

Several equities research analysts have weighed in on ODD shares. Needham & Company LLC reissued a “hold” rating on shares of ODDITY Tech in a report on Tuesday, September 8th. JPMorgan Chase & Co. assumed coverage on ODDITY Tech in a research report on Monday, September 21st. They set a “neutral” rating and a $18.00 price target on the stock. Weiss Ratings upgraded shares of ODDITY Tech from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. Wall Street Zen raised shares of ODDITY Tech from a “strong sell” rating to a “sell” rating in a research note on Sunday, October 18th. Finally, Citigroup reissued a “market perform” rating on shares of ODDITY Tech in a research note on Thursday, September 10th.

ODDITY Tech Trading Up 7.5%

Shares of NASDAQ:ODD opened at $21.57 on Monday. The company has a market capitalization of $1.24 billion, a PE ratio of 89.88 and a beta of 2.14. The company has a current ratio of 3.45, a quick ratio of 2.11 and a debt-to-equity ratio of 2.21. The business’s fifty day simple moving average is $19.00 and its 200-day simple moving average is $17.51. ODDITY Tech has a 12-month low of $9.25 and a 12-month high of $46.45.

ODDITY Tech (NASDAQ:ODD) last released its quarterly earnings results on Wednesday, September 9th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.12 by $0.08. ODDITY Tech had a net margin of 2.23% and a return on equity of 2.58%. The business had revenue of $180.52 million during the quarter, compared to analyst estimates of $178.23 million. During the same period in the prior year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was down 24.9% on a year-over-year basis. As a group, equities research analysts predict that ODDITY Tech will post -0.25 earnings per share for the current fiscal year.

Insider Activity at ODDITY Tech

In other news, CFO Mann Drucker sold 21,571 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $15.14, for a total transaction of $326,584.94. Following the transaction, the chief financial officer owned 104,492 shares of the company’s stock, valued at approximately $1,582,008.88. The trade was a 17.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 51,379 shares of company stock worth $765,474.

Institutional Investors Weigh In On ODDITY Tech

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc. lifted its position in ODDITY Tech by 38.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 4,125 shares of the company’s stock valued at $77,000 after buying an additional 1,142 shares during the last quarter. SG Americas Securities LLC purchased a new position in ODDITY Tech in the first quarter worth approximately $104,000. Sigma Planning Corp lifted its position in shares of ODDITY Tech by 52.0% during the 1st quarter. Sigma Planning Corp now owns 10,535 shares of the company’s stock worth $141,000 after purchasing an additional 3,605 shares during the last quarter. Signaturefd LLC lifted its holdings in ODDITY Tech by 72.0% during the 3rd quarter. Signaturefd LLC now owns 9,814 shares of the company’s stock worth $183,000 after buying an additional 4,109 shares during the last quarter. Finally, J. Safra Sarasin Holding AG boosted its holdings in ODDITY Tech by 132.6% in the first quarter. J. Safra Sarasin Holding AG now owns 20,000 shares of the company’s stock valued at $268,000 after purchasing an additional 11,400 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

ODDITY Tech Company Profile

ODDITY Tech Ltd. is a consumer technology company that develops and operates beauty and wellness brands through a digitally native, direct-to-consumer business model. The company uses data science, artificial intelligence and proprietary technology to develop products, personalize recommendations and support online customer experiences.

Its portfolio includes IL MAKIAGE, a makeup brand offering products such as foundation, concealer and other cosmetics, and SpoiledChild, a beauty brand focused primarily on haircare and skincare products.