Wall Street Zen Downgrades ODDITY Tech (NASDAQ:ODD) to Strong Sell

ODDITY Tech (NASDAQ:ODD) was downgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also recently weighed in on ODD. Zacks Research cut shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Evercore lowered shares of ODDITY Tech from an “outperform” rating to an “in-line” rating and set a $23.00 target price on the stock. 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 report on Wednesday, February 25th. Citizens Jmp lowered shares of ODDITY Tech from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Finally, KeyCorp decreased their price target on shares of ODDITY Tech from $50.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $31.36.

ODDITY Tech Price Performance

Shares of ODD stock opened at $15.34 on Friday. The stock’s 50 day simple moving average is $17.55 and its 200 day simple moving average is $33.36. The company has a debt-to-equity ratio of 1.47, a quick ratio of 4.06 and a current ratio of 5.24. ODDITY Tech has a twelve month low of $10.80 and a twelve month high of $79.18. The company has a market capitalization of $883.28 million, a price-to-earnings ratio of 8.52, a PEG ratio of 2.01 and a beta of 2.92.

ODDITY Tech (NASDAQ:ODD) last posted 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 during the quarter, compared to analyst estimates of $151.11 million. During the same period in the previous year, the company earned $0.20 EPS. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. As a group, research analysts predict that ODDITY Tech will post 1.62 EPS for the current year.

Insider Activity

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

Institutional Trading of ODDITY Tech

A number of hedge funds have recently bought and sold shares of ODD. SG Americas Securities LLC bought a new position in shares of ODDITY Tech during the 1st quarter worth about $104,000. Invesco Ltd. lifted its stake in shares of ODDITY Tech by 67.3% in the fourth quarter. Invesco Ltd. now owns 6,617 shares of the company’s stock valued at $266,000 after buying an additional 2,661 shares during the period. Vident Advisory LLC lifted its stake in shares of ODDITY Tech by 60.0% in the fourth quarter. Vident Advisory LLC now owns 7,144 shares of the company’s stock valued at $287,000 after buying an additional 2,679 shares during the period. State of Tennessee Department of Treasury grew its position in ODDITY Tech by 35.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 47,850 shares of the company’s stock worth $1,923,000 after buying an additional 12,424 shares in the last quarter. Finally, Man Group plc grew its position in ODDITY Tech by 67.5% during the fourth quarter. Man Group plc now owns 353,690 shares of the company’s stock worth $14,211,000 after buying an additional 142,558 shares in the last quarter. 35.88% of the stock is owned by institutional investors.

More ODDITY Tech News

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

• Neutral Sentiment: Analysis pieces note a shifting narrative after ODD’s advertising disruption and analyst reset; useful context on whether the selloff reflects temporary execution issues or longer-term fundamentals. Read More.
• Negative Sentiment: Multiple securities class actions have been filed alleging misleading disclosures tied to an ad partner algorithm change that reportedly drove up ad costs, triggered a 49% share plunge and an expected ~30% revenue decline. These suits (Hagens Berman, Pomerantz and others) raise the prospect of litigation costs, management distraction and potential damages. Read More. • Read More.
• Negative Sentiment: Multiple plaintiff-side law firms (Schall, Rosen, Gross, Faruqi & Faruqi, etc.) are actively soliciting lead plaintiffs and reminding investors of May 11 deadlines, increasing the likelihood of consolidated large-scale litigation. Consolidation could centralize claims and increase legal exposure. Read More. • Read More. • Read More.
• Negative Sentiment: Targeted allegations focus on misleading disclosures about advertising efficiency after an ad partner algorithm change — this is the operational root cause cited by plaintiffs and could imply near-term revenue pressure and higher customer acquisition costs. Read More.
• Negative Sentiment: Brokerage coverage has turned cautious — an industry roundup shows an average “Reduce” rating from brokerages, signaling lowered expectations from sell-side analysts and potential pressure on the stock until guidance and ad metrics stabilize. Read More.

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.