ODDITY Tech (NASDAQ:ODD) Posts Earnings Results, Misses Estimates By $0.13 EPS

ODDITY Tech (NASDAQ:ODD) announced its earnings results on Tuesday. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13), FiscalAI reports. The firm had revenue of $197.94 million for the quarter, compared to the consensus estimate of $187.87 million. ODDITY Tech had a return on equity of 29.84% and a net margin of 13.68%.

ODDITY Tech Price Performance

ODDITY Tech stock opened at $13.98 on Tuesday. The stock’s fifty day moving average price is $13.96 and its two-hundred day moving average price is $26.24. ODDITY Tech has a one year low of $10.80 and a one year high of $79.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.24 and a quick ratio of 4.06. The firm has a market cap of $804.90 million, a PE ratio of 7.77, a price-to-earnings-growth ratio of 1.77 and a beta of 2.58.

Insider Buying and Selling

In other ODDITY Tech news, CFO Mann Lindsay Drucker sold 9,604 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was 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 in the company, valued at $630,343.90. This trade represents a 16.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 28,807 shares of company stock worth $402,428.

Hedge Funds Weigh In On ODDITY Tech

Hedge funds have recently added to or reduced their stakes in the stock. Wexford Capital LP bought a new position in ODDITY Tech during the 3rd quarter worth $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 worth $69,000 after buying an additional 651 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of ODDITY Tech during the 2nd quarter worth $71,000. Headlands Technologies LLC acquired a new position in shares of ODDITY Tech during the 2nd quarter worth $108,000. Finally, Thrivent Financial for Lutherans acquired a new position in shares of ODDITY Tech during the 2nd quarter worth $225,000. Institutional investors own 35.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ODD. Needham & Company LLC lowered ODDITY Tech from a “buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Bank of America lowered ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 target price on the stock. in a research note on Thursday, February 26th. Barclays reiterated an “underweight” rating and set a $13.00 target price (down from $40.00) on shares of ODDITY Tech in a research note on Thursday, February 26th. Truist Financial reiterated a “hold” rating and set a $18.00 target price (down from $80.00) on shares of ODDITY Tech in a research note on Wednesday, February 25th. Finally, Citizens Jmp lowered ODDITY Tech from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, ODDITY Tech currently has an average rating of “Reduce” and a consensus target price of $31.36.

ODDITY Tech Company Profile

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.