ODDITY Tech (NASDAQ:ODD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ODDITY Tech (NASDAQ:ODD) from a strong sell rating to a sell rating in a research report released on Saturday morning,Wall Street Zen reports.

A number of other brokerages have also recently issued reports on ODD. Jefferies Financial Group lifted their price objective on ODDITY Tech from $16.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, September 9th. Zacks Research raised shares of ODDITY Tech from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. The Goldman Sachs Group cut shares of ODDITY Tech from a “hold” rating to a “sell” rating and dropped their target price for the stock from $16.00 to $8.00 in a research report on Wednesday, June 3rd. Truist Financial lifted their price target on shares of ODDITY Tech from $16.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, September 10th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ODDITY Tech in a research note on Tuesday, September 8th. Ten research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, ODDITY Tech presently has an average rating of “Reduce” and an average price target of $27.23.

ODDITY Tech Trading Up 3.0%

ODD stock opened at $18.82 on Friday. ODDITY Tech has a 1-year low of $9.25 and a 1-year high of $64.23. The firm has a market cap of $1.08 billion, a P/E ratio of 78.42 and a beta of 2.38. The business’s 50 day moving average is $14.97 and its 200-day moving average is $14.05. The company has a current ratio of 3.45, a quick ratio of 2.11 and a debt-to-equity ratio of 2.21.

ODDITY Tech (NASDAQ:ODD) last posted its earnings results on Wednesday, September 9th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.12 by $0.08. The business had revenue of $180.52 million during the quarter, compared to the consensus estimate of $178.23 million. ODDITY Tech had a return on equity of 2.58% and a net margin of 2.23%.ODDITY Tech’s revenue was down 24.9% on a year-over-year basis. During the same quarter last year, the company earned $0.92 EPS. Equities analysts anticipate that ODDITY Tech will post -0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at ODDITY Tech

In other news, CFO Mann Drucker sold 7,717 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $15.09, for a total value of $116,449.53. Following the completion of the sale, the chief financial officer directly owned 116,135 shares in the company, valued at approximately $1,752,477.15. This trade represents a 6.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 172,454 shares of company stock valued at $2,592,610 in the last three months.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. K5 Global Advisor LLC acquired a new stake in ODDITY Tech in the 2nd quarter valued at about $375,000. California State Teachers Retirement System lifted its position in shares of ODDITY Tech by 1,432.4% during the second quarter. California State Teachers Retirement System now owns 664,752 shares of the company’s stock worth $10,058,000 after purchasing an additional 621,371 shares in the last quarter. Sigma Planning Corp grew its stake in shares of ODDITY Tech by 37.7% during the second quarter. Sigma Planning Corp now owns 14,510 shares of the company’s stock valued at $220,000 after purchasing an additional 3,975 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of ODDITY Tech during the second quarter valued at approximately $300,000. Finally, Avidity Partners Management LP acquired a new stake in shares of ODDITY Tech in the first quarter valued at approximately $937,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

ODDITY Tech Company Profile

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.