ODDITY Tech (NASDAQ:ODD) Raised to Sell at Wall Street Zen

by · The Markets Daily

ODDITY Tech (NASDAQ:ODDGet Free Report) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on ODD. The Goldman Sachs Group downgraded shares of ODDITY Tech from a “hold” rating to a “sell” rating and lowered their price objective for the company from $16.00 to $8.00 in a research report on Wednesday, June 3rd. KeyCorp reaffirmed a “sector weight” rating on shares of ODDITY Tech in a report on Wednesday, June 3rd. Morgan Stanley increased their price target on ODDITY Tech from $10.00 to $16.50 and gave the company an “equal weight” rating in a research note on Thursday. Bank of America reaffirmed an “underperform” rating on shares of ODDITY Tech in a report on Thursday. Finally, Citigroup reiterated a “market perform” rating on shares of ODDITY Tech in a research report on Thursday. Ten equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ODDITY Tech has an average rating of “Reduce” and an average target price of $27.23.

Get Our Latest Stock Analysis on ODDITY Tech

ODDITY Tech Stock Performance

ODDITY Tech stock opened at $18.28 on Friday. The company has a market cap of $1.05 billion, a PE ratio of 76.17 and a beta of 2.38. The company has a fifty day moving average price of $14.94 and a two-hundred day moving average price of $14.12. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.45 and a quick ratio of 2.11. ODDITY Tech has a 12 month low of $9.25 and a 12 month high of $64.23.

ODDITY Tech (NASDAQ:ODDGet Free Report) last released 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 firm had revenue of $180.52 million during 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 for the quarter was down 24.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Research analysts expect that ODDITY Tech will post -0.55 earnings per share for the current year.

Insider Activity at ODDITY Tech

In other news, CFO Mann Drucker sold 7,717 shares of the stock in a transaction on 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 sale, the chief financial officer owned 116,135 shares in the company, valued at approximately $1,752,477.15. This represents a 6.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 172,454 shares of company stock worth $2,592,610.

Institutional Investors Weigh In On ODDITY Tech

Institutional investors and hedge funds have recently modified their holdings of the stock. Wexford Capital LP acquired a new position in shares of ODDITY Tech in the 3rd quarter valued at $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 during the period. Legal & General Group Plc acquired a new stake in ODDITY Tech during the 2nd quarter worth about $71,000. SG Americas Securities LLC purchased a new position in shares of ODDITY Tech in the first quarter worth approximately $104,000. Finally, Headlands Technologies LLC purchased a new position in shares of ODDITY Tech in the second quarter worth approximately $108,000. 35.88% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting ODDITY Tech

Here are the key news stories impacting ODDITY Tech this week:

  • Positive Sentiment: ODDITY Tech reported quarterly earnings of $0.20 per share, exceeding the $0.12 consensus estimate, while revenue of $180.52 million also came in ahead of expectations. The earnings surprise appears to be the primary catalyst behind the stock’s upward move. ODDITY Tech Shares Gap Up Following Earnings Beat
  • Positive Sentiment: Jefferies Financial Group indicated that ODDITY Tech’s stock is expected to rise, adding to the bullish interpretation of the earnings results. ODDITY Tech Stock Price Expected to Rise
  • Positive Sentiment: An investment analysis highlighted turnaround potential from improving customer-acquisition costs, growth at SpoiledChild, and longer-term opportunities from METHODIQ and Labs. ODDITY’s discounted, zero-coupon convertible debt may also provide financial flexibility. Oddity Tech Turnaround Potential and Discounted Debt Value Lever
  • Neutral Sentiment: Morgan Stanley raised its price target from $10.00 to $16.50 but retained an Equal Weight rating, while Truist lifted its target from $16.00 to $18.00 and maintained a Hold rating. The increases suggest improved expectations, but both targets remain at or below the recent trading level.
  • Neutral Sentiment: Needham reaffirmed its Hold rating, indicating that the earnings beat has not yet changed its broader view of the company.
  • Negative Sentiment: Despite the earnings beat, revenue declined 24.9% year over year and quarterly earnings fell sharply from $0.92 per share in the prior-year period. The company’s net margin was only 2.23%, underscoring ongoing profitability concerns. Oddity Tech Reveals Drop in Q2 Bottom Line
  • Negative Sentiment: Barclays issued a Sell rating, adding a significant bearish voice as investors assess whether the reported improvement represents a durable recovery. ODDITY Tech Receives a Sell from Barclays

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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