ODDITY Tech Ltd. (NASDAQ:ODD) Stock Has Consensus Target Price of $22.15

Shares of ODDITY Tech Ltd. (NASDAQ:ODD) have been given an average rating of “Reduce” by the fourteen brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $22.15.

ODD has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of ODDITY Tech from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Wall Street Zen lowered ODDITY Tech from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 10th. Jefferies Financial Group lifted their price objective on ODDITY Tech from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, September 9th. JPMorgan Chase & Co. assumed coverage on ODDITY Tech in a research note on Monday, September 21st. They set a “neutral” rating and a $18.00 target price for the company. Finally, Zacks Research raised ODDITY Tech from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th.

ODDITY Tech Stock Down 2.2%

Shares of ODDITY Tech stock opened at $21.63 on Thursday. ODDITY Tech has a 12-month low of $9.25 and a 12-month high of $52.00. 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 50 day moving average price of $16.31 and a two-hundred day moving average price of $14.92. The stock has a market capitalization of $1.25 billion, a P/E ratio of 90.12 and a beta of 2.24.

ODDITY Tech (NASDAQ:ODD) last released its quarterly earnings results on Wednesday, September 9th. The company reported $0.20 EPS for the quarter, beating 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%. The company’s quarterly revenue was down 24.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 earnings per share. Equities analysts expect that ODDITY Tech will post -0.25 earnings per share for the current year.

Insider Activity at ODDITY Tech

In other news, CFO Mann Drucker sold 21,571 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $15.14, for a total value of $326,584.94. Following the completion of the sale, the chief financial officer directly owned 104,492 shares of the company’s stock, valued at approximately $1,582,008.88. This represents a 17.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 sold 62,852 shares of company stock worth $938,716 in the last three months.

Hedge Funds Weigh In On ODDITY Tech

Institutional investors and hedge funds have recently bought and sold shares of the stock. Granahan Investment Management LLC boosted its stake in ODDITY Tech by 1.1% during the fourth quarter. Granahan Investment Management LLC now owns 1,523,204 shares of the company’s stock worth $61,202,000 after buying an additional 16,747 shares in the last quarter. State Street Corp increased its holdings in ODDITY Tech by 123.5% in the 2nd quarter. State Street Corp now owns 836,446 shares of the company’s stock valued at $12,655,000 after buying an additional 462,137 shares during the period. Ashford Capital Management Inc. increased its holdings in ODDITY Tech by 25.0% in the 4th quarter. Ashford Capital Management Inc. now owns 685,972 shares of the company’s stock valued at $27,562,000 after buying an additional 137,380 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of ODDITY Tech by 110.6% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 590,300 shares of the company’s stock valued at $23,718,000 after buying an additional 310,000 shares in the last quarter. Finally, Altshuler Shaham Ltd raised its stake in shares of ODDITY Tech by 364.7% in the 4th quarter. Altshuler Shaham Ltd now owns 500,714 shares of the company’s stock valued at $20,119,000 after buying an additional 392,967 shares in the last quarter. Institutional investors own 35.88% of the company’s stock.

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.