ODDITY Tech’s (ODD) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of ODDITY Tech (NASDAQ:ODD – Free Report) in a report released on Thursday morning,Benzinga reports.

Several other research firms have also weighed in on ODD. Wall Street Zen raised shares of ODDITY Tech from a “strong sell” rating to a “sell” rating in a report on Sunday, October 18th. Bank of America reissued an “underperform” rating on shares of ODDITY Tech in a report on Thursday, September 10th. Morgan Stanley increased their price target on ODDITY Tech from $16.50 to $18.50 and gave the stock an “equal weight” rating in a research report on Thursday, October 15th. Jefferies Financial Group raised their price target on ODDITY Tech from $16.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, September 9th. Finally, Citigroup reiterated a “market perform” rating on shares of ODDITY Tech in a research report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $23.65.

View Our Latest Stock Analysis on ODDITY Tech

ODDITY Tech Price Performance

Shares of NASDAQ ODD traded up $0.90 during midday trading on Thursday, reaching $17.63. 1,073,361 shares of the company traded hands, compared to its average volume of 877,114. The firm has a market cap of $1.02 billion, a PE ratio of 92.79 and a beta of 2.14. The stock’s 50-day simple moving average is $19.70 and its 200-day simple moving average is $16.95. ODDITY Tech has a 12 month low of $9.25 and a 12 month high of $46.45. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.11 and a current ratio of 3.45.

ODDITY Tech (NASDAQ:ODD – Get Free Report) last issued its earnings results on Wednesday, November 11th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.30 by $0.07. ODDITY Tech had a net margin of 1.27% and a return on equity of 0.63%. The company had revenue of $144.98 million for the quarter, compared to the consensus estimate of $140.53 million. During the same quarter in the previous year, the company earned $0.28 EPS. As a group, equities analysts anticipate that ODDITY Tech will post -0.25 earnings per share for the current fiscal year.

Insider Buying and Selling at ODDITY Tech

In other ODDITY Tech 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 value of $326,584.94. Following the completion of the transaction, the chief financial officer directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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. Insiders have sold 51,379 shares of company stock valued at $765,474 over the last ninety days.

Institutional Trading of ODDITY Tech

Hedge funds have recently modified their holdings of the stock. State Street Corp lifted its holdings in ODDITY Tech by 123.5% during the 2nd quarter. State Street Corp now owns 836,446 shares of the company’s stock worth $12,655,000 after buying an additional 462,137 shares in the last quarter. Landscape Capital Management L.L.C. raised its position in shares of ODDITY Tech by 65.7% during the third quarter. Landscape Capital Management L.L.C. now owns 347,941 shares of the company’s stock worth $6,493,000 after acquiring an additional 138,014 shares during the last quarter. Amundi raised its position in shares of ODDITY Tech by 17.8% during the first quarter. Amundi now owns 434,945 shares of the company’s stock worth $5,820,000 after acquiring an additional 65,647 shares during the last quarter. Rice Hall James & Associates LLC acquired a new position in shares of ODDITY Tech during the first quarter valued at $3,533,000. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of ODDITY Tech by 14.7% during the third quarter. Conestoga Capital Advisors LLC now owns 111,970 shares of the company’s stock valued at $2,089,000 after acquiring an additional 14,350 shares during the period. 35.88% of the stock is owned by institutional investors.

Key Headlines Impacting ODDITY Tech

These are some of the ODD headlines that stood out recently:

About ODDITY Tech

(Get Free Report)

ODDITY Tech Ltd. is a technology-driven consumer company that develops and operates digital-first beauty and wellness brands. Its portfolio includes IL MAKIAGE, which offers makeup and skincare products, and SpoiledChild, which focuses on beauty and wellness products. The company uses data analytics, artificial intelligence and other technology to support product development, personalized recommendations and online shopping. Its brands primarily sell directly to consumers through e-commerce platforms.

Further Reading

Analyst Recommendations for ODDITY Tech (NASDAQ:ODD)

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