ODDITY Tech Ltd. (NASDAQ:ODD) Stock Now Rated “Reduce” by Sell-Side Analysts

ODDITY Tech Ltd. (NASDAQ:ODD) has been given a consensus rating of “Reduce” by the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $22.35.

Several analysts recently commented on ODD shares. Truist Financial boosted their price target on ODDITY Tech from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, September 10th. Jefferies Financial Group increased their price target on ODDITY Tech from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, September 9th. Zacks Research upgraded ODDITY Tech from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 14th. Weiss Ratings raised shares of ODDITY Tech from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Finally, Needham & Company LLC restated a “hold” rating on shares of ODDITY Tech in a research report on Tuesday, September 8th.

Insider Buying and Selling

In other news, CFO Mann Drucker sold 7,717 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $15.09, for a total transaction of $116,449.53. Following the completion of the transaction, the chief financial officer directly owned 116,135 shares in the company, valued at approximately $1,752,477.15. The trade was a 6.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 51,379 shares of company stock valued at $765,474 in the last ninety days.

Hedge Funds Weigh In On ODDITY Tech

Institutional investors have recently modified their holdings of the business. Jefferies Financial Group Inc. acquired a new position in ODDITY Tech during the 3rd quarter worth approximately $575,000. Conestoga Capital Advisors LLC lifted its position in shares of ODDITY Tech by 14.7% in the third quarter. Conestoga Capital Advisors LLC now owns 111,970 shares of the company’s stock worth $2,089,000 after purchasing an additional 14,350 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in ODDITY Tech by 38.3% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 4,125 shares of the company’s stock worth $77,000 after purchasing an additional 1,142 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of ODDITY Tech by 16.7% during the 3rd quarter. Sigma Planning Corp now owns 16,940 shares of the company’s stock worth $316,000 after buying an additional 2,430 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of ODDITY Tech by 72.0% during the 3rd quarter. Signaturefd LLC now owns 9,814 shares of the company’s stock worth $183,000 after buying an additional 4,109 shares during the last quarter. Institutional investors own 35.88% of the company’s stock.

ODDITY Tech Stock Performance

Shares of ODD stock opened at $20.18 on Monday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.11 and a current ratio of 3.45. The firm has a fifty day moving average of $19.22 and a 200-day moving average of $17.36. ODDITY Tech has a 52-week low of $9.25 and a 52-week high of $46.45. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 84.08 and a beta of 2.14.

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

ODDITY Tech Company Profile

ODDITY Tech Ltd. is a consumer technology company that develops and operates beauty and wellness brands through a digitally native, direct-to-consumer business model. The company uses data science, artificial intelligence and proprietary technology to develop products, personalize recommendations and support online customer experiences.

Its portfolio includes IL MAKIAGE, a makeup brand offering products such as foundation, concealer and other cosmetics, and SpoiledChild, a beauty brand focused primarily on haircare and skincare products.