ODDITY Tech Ltd. (NASDAQ:ODD) Receives $27.23 Consensus PT from Analysts

by · The Cerbat Gem

Shares of ODDITY Tech Ltd. (NASDAQ:ODD – Get Free Report) have been given an average rating of “Reduce” by the fourteen research firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation and ten have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $27.2273.

ODD has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on ODDITY Tech from $10.00 to $16.50 and gave the company an “equal weight” rating in a report on Thursday, September 10th. Needham & Company LLC restated a “hold” rating on shares of ODDITY Tech in a research report on Tuesday, September 8th. Zacks Research raised ODDITY Tech from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Citigroup reiterated a “market perform” rating on shares of ODDITY Tech in a research report on Thursday, September 10th. Finally, Bank of America reiterated an “underperform” rating on shares of ODDITY Tech in a research note on Thursday, September 10th.

View Our Latest Report on ODD

ODDITY Tech Price Performance

NASDAQ:ODD opened at $17.95 on Friday. The company has a 50-day moving average of $14.98 and a 200-day moving average of $14.07. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 74.79 and a beta of 2.38. ODDITY Tech has a 52 week low of $9.25 and a 52 week high of $64.14. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.11 and a current ratio of 3.45.

ODDITY Tech (NASDAQ:ODD – Get Free Report) last issued its earnings results on Wednesday, September 9th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.08. The business 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 firm’s revenue was down 24.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 EPS. As a group, equities research analysts anticipate that ODDITY Tech will post -0.15 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Mann Drucker sold 7,717 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $15.09, for a total transaction of $116,449.53. Following the completion of the sale, the chief financial officer owned 116,135 shares in the company, valued at $1,752,477.15. This trade represents a 6.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 172,454 shares of company stock worth $2,592,610.

Institutional Trading of ODDITY Tech

Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of ODDITY Tech in the first quarter valued at approximately $104,000. Leonteq Securities AG bought a new stake in ODDITY Tech during the 4th quarter worth approximately $130,000. Sigma Planning Corp increased its holdings in ODDITY Tech by 52.0% during the 1st quarter. Sigma Planning Corp now owns 10,535 shares of the company’s stock valued at $141,000 after purchasing an additional 3,605 shares in the last quarter. Blue Trust Inc. increased its holdings in ODDITY Tech by 14.9% during the 1st quarter. Blue Trust Inc. now owns 11,359 shares of the company’s stock valued at $152,000 after purchasing an additional 1,470 shares in the last quarter. Finally, USS Investment Management Ltd increased its holdings in ODDITY Tech by 6.4% during the 1st quarter. USS Investment Management Ltd now owns 14,633 shares of the company’s stock valued at $196,000 after purchasing an additional 880 shares in the last quarter. 35.88% of the stock is owned by institutional investors.

ODDITY Tech Company Profile

(Get Free Report)

ODDITY Tech Ltd. is a technology and consumer products company focused on beauty and wellness. The company combines data science, artificial intelligence and digital commerce to develop, market and sell products directly to consumers, with an emphasis on personalized shopping experiences and digitally native brands.

ODDITY’s portfolio includes IL MAKIAGE, a digitally focused makeup brand known for personalized product recommendations, and SpoiledChild, a beauty and hair-care brand. Its offerings include cosmetics, skin-care, hair-care and related beauty products sold primarily through online channels.

Founded in 2018 by Oran Holtzman and Lihi Pinto Fryman, ODDITY is headquartered in New York and operates technology and research capabilities in Tel Aviv.

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