ODDITY Tech Ltd. (NASDAQ:ODD) Receives $31.36 Average PT from Analysts

Shares of ODDITY Tech Ltd. (NASDAQ:ODD) have received a consensus rating of “Reduce” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $31.3636.

ODD has been the topic of a number of research reports. Zacks Research downgraded ODDITY Tech from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Barclays reiterated an “underweight” rating and set a $13.00 price target (down from $40.00) on shares of ODDITY Tech in a report on Thursday, February 26th. Wall Street Zen downgraded ODDITY Tech from a “sell” rating to a “strong sell” rating in a report on Saturday, April 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $16.00 price target (down from $59.00) on shares of ODDITY Tech in a report on Thursday, February 26th. Finally, The Goldman Sachs Group lowered their price target on ODDITY Tech from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, March 27th.

Insider Buying and Selling

In other ODDITY Tech news, CFO Mann Lindsay Drucker sold 9,604 shares of the stock in a transaction that occurred 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On ODDITY Tech

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ODD. Janus Henderson Group PLC grew its holdings in ODDITY Tech by 115.0% during the fourth quarter. Janus Henderson Group PLC now owns 2,423,917 shares of the company’s stock valued at $97,379,000 after purchasing an additional 1,296,551 shares during the last quarter. Baillie Gifford & Co. grew its holdings in ODDITY Tech by 17.8% during the fourth quarter. Baillie Gifford & Co. now owns 7,122,641 shares of the company’s stock valued at $286,188,000 after purchasing an additional 1,076,921 shares during the last quarter. Morgan Stanley grew its holdings in ODDITY Tech by 13.9% during the fourth quarter. Morgan Stanley now owns 4,305,565 shares of the company’s stock valued at $172,998,000 after purchasing an additional 525,481 shares during the last quarter. Wellington Management Group LLP acquired a new position in ODDITY Tech during the third quarter valued at approximately $27,838,000. Finally, Altshuler Shaham Ltd grew its holdings in ODDITY Tech by 364.7% during the fourth quarter. Altshuler Shaham Ltd now owns 500,714 shares of the company’s stock valued at $20,119,000 after purchasing an additional 392,967 shares during the last quarter. Institutional investors and hedge funds own 35.88% of the company’s stock.

ODDITY Tech Trading Up 0.9%

NASDAQ:ODD opened at $12.65 on Monday. The stock’s 50 day moving average price is $14.19 and its 200 day moving average price is $28.69. ODDITY Tech has a 52 week low of $10.80 and a 52 week high of $79.18. The company has a market capitalization of $728.39 million, a P/E ratio of 7.03, a P/E/G ratio of 1.64 and a beta of 2.58. The company has a debt-to-equity ratio of 1.47, a quick ratio of 4.06 and a current ratio of 5.24.

ODDITY Tech (NASDAQ:ODD) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. ODDITY Tech had a return on equity of 29.84% and a net margin of 13.68%.The firm had revenue of $152.73 million for the quarter, compared to the consensus estimate of $151.11 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The firm’s revenue was up 23.8% on a year-over-year basis. On average, research analysts forecast that ODDITY Tech will post 0.64 EPS for the current fiscal year.

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.