ODDITY Tech Ltd. (ODD) – What Are Analysts Saying About This Stock?

ODDITY Tech Ltd. (NASDAQ:ODD) has been given an average rating of “Reduce” by the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation and eleven have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $22.15.

Several equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of ODDITY Tech from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Wall Street Zen downgraded shares of ODDITY Tech from a “sell” rating to a “strong sell” rating in a research report on Saturday. Zacks Research raised shares of ODDITY Tech from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Truist Financial boosted their price target on shares of ODDITY Tech from $16.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, September 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ODDITY Tech in a report on Tuesday, September 8th.

ODDITY Tech Stock Performance

ODDITY Tech stock opened at $21.58 on Thursday. ODDITY Tech has a 12-month low of $9.25 and a 12-month high of $52.00. The stock has a 50-day simple moving average of $16.04 and a 200 day simple moving average of $14.81. The company has a quick ratio of 2.11, a current ratio of 3.45 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 89.92 and a beta of 2.24.

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

Insider Activity

In related news, CFO Mann Drucker sold 7,717 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $15.09, for a total value of $116,449.53. Following the completion of the transaction, the chief financial officer owned 116,135 shares of the company’s stock, valued at approximately $1,752,477.15. This trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 62,852 shares of company stock valued at $938,716 in the last 90 days.

Institutional Investors Weigh In On ODDITY Tech

A number of institutional investors and hedge funds have recently modified their holdings of ODD. SG Americas Securities LLC bought a new position in ODDITY Tech during the first quarter worth about $104,000. Sigma Planning Corp raised its holdings in ODDITY Tech by 52.0% in the 1st quarter. Sigma Planning Corp now owns 10,535 shares of the company’s stock valued at $141,000 after acquiring an additional 3,605 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of ODDITY Tech by 14.9% during the 1st quarter. Blue Trust Inc. now owns 11,359 shares of the company’s stock worth $152,000 after purchasing an additional 1,470 shares in the last quarter. USS Investment Management Ltd grew its stake in ODDITY Tech by 6.4% during the first quarter. USS Investment Management Ltd now owns 14,633 shares of the company’s stock worth $196,000 after buying an additional 880 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of ODDITY Tech during the 2nd quarter worth approximately $300,000. 35.88% of the stock is owned by institutional investors.

ODDITY Tech Company Profile

ODDITY Tech Ltd. is a technology-driven beauty and wellness company that develops and markets consumer brands through digital, direct-to-consumer channels. The company uses data science, artificial intelligence and technology-enabled personalization to help consumers discover products and make purchasing decisions online.

ODDITY’s portfolio includes IL MAKIAGE, a digitally native makeup brand known for personalized product recommendations, and SpoiledChild, a beauty and hair-care brand focused on personalized routines and treatments.