Mann Lindsay Drucker Sells 3,493 Shares of ODDITY Tech (NASDAQ:ODD) Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 3,493 shares of ODDITY Tech stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $15.01, for a total value of $52,429.93. Following the completion of the sale, the chief financial officer directly owned 104,492 shares of the company’s stock, valued at $1,568,424.92. The trade was a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, August 5th, Mann Lindsay Drucker sold 11,473 shares of ODDITY Tech stock. The shares were sold at an average price of $15.10, for a total value of $173,242.30.
• 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 Trading Down 4.3%

Shares of NASDAQ:ODD opened at $14.35 on Friday. The stock’s 50-day simple moving average is $14.93 and its two-hundred day simple moving average is $15.25. The stock has a market capitalization of $826.27 million, a price-to-earnings ratio of 18.16 and a beta of 2.38. ODDITY Tech Ltd. has a 52-week low of $9.25 and a 52-week high of $64.23. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.86 and a current ratio of 4.06.

ODDITY Tech (NASDAQ:ODD) last released its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The business had revenue of $197.94 million for the quarter, compared to analysts’ expectations of $187.87 million. ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. ODDITY Tech’s revenue for the quarter was down 26.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS. Analysts expect that ODDITY Tech Ltd. will post -0.55 EPS for the current year.

Analysts Set New Price Targets

ODD has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Zacks Research upgraded ODDITY Tech from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of ODDITY Tech in a report on Tuesday, June 2nd. Jefferies Financial Group reiterated a “hold” rating and set a $10.25 target price on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Finally, The Goldman Sachs Group lowered ODDITY Tech from a “hold” rating to a “sell” rating and cut their price target for the company from $16.00 to $8.00 in a report on Wednesday, June 3rd. Nine research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $25.39.

Hedge Funds Weigh In On ODDITY Tech

A number of hedge funds have recently modified their holdings of ODD. Wexford Capital LP purchased a new stake in shares of ODDITY Tech in the third quarter worth $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of ODDITY Tech by 134.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company’s stock valued at $69,000 after buying an additional 651 shares in the last quarter. USS Investment Management Ltd lifted its stake in shares of ODDITY Tech by 5.3% during the 4th quarter. USS Investment Management Ltd now owns 13,753 shares of the company’s stock valued at $552,000 after buying an additional 695 shares in the last quarter. California State Teachers Retirement System boosted its holdings in ODDITY Tech by 2.0% in the 4th quarter. California State Teachers Retirement System now owns 43,532 shares of the company’s stock worth $1,749,000 after buying an additional 870 shares during the period. Finally, Entropy Technologies LP boosted its holdings in ODDITY Tech by 10.0% in the 3rd quarter. Entropy Technologies LP now owns 9,900 shares of the company’s stock worth $617,000 after buying an additional 900 shares during the period. 35.88% of the stock is currently owned by institutional investors.

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.