Public Employees Retirement System of Ohio Sells 68,506 Shares of ODDITY Tech Ltd. $ODD

Public Employees Retirement System of Ohio lessened its holdings in ODDITY Tech Ltd. (NASDAQ:ODD) by 85.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,108 shares of the company’s stock after selling 68,506 shares during the period. Public Employees Retirement System of Ohio’s holdings in ODDITY Tech were worth $162,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wexford Capital LP acquired a new stake in shares of ODDITY Tech during the 3rd quarter worth about $40,000. Legal & General Group Plc acquired a new position in ODDITY Tech in the second quarter valued at about $71,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in ODDITY Tech by 134.8% during the third 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 last quarter. Headlands Technologies LLC acquired a new stake in shares of ODDITY Tech during the second quarter worth approximately $108,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of ODDITY Tech during the second quarter worth approximately $225,000. Institutional investors own 35.88% of the company’s stock.

ODDITY Tech Stock Down 0.6%

NASDAQ:ODD opened at $15.22 on Thursday. ODDITY Tech Ltd. has a 12-month low of $9.25 and a 12-month high of $64.23. The company has a quick ratio of 2.86, a current ratio of 4.06 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $876.29 million, a P/E ratio of 19.27 and a beta of 2.38. The stock’s fifty day simple moving average is $14.30 and its 200-day simple moving average is $17.53.

ODDITY Tech (NASDAQ:ODD) last released its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.13). ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.The firm had revenue of $197.94 million for the quarter, compared to the consensus estimate of $187.87 million. During the same period in the previous year, the business earned $0.69 EPS. The firm’s revenue was down 26.2% compared to the same quarter last year. Equities research analysts expect that ODDITY Tech Ltd. will post -0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ODD shares. Barclays cut their price objective on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, June 3rd. Jefferies Financial Group restated a “hold” rating and set a $10.25 target price on shares of ODDITY Tech in a report on Tuesday, June 2nd. Morgan Stanley lowered their target price on ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. The Goldman Sachs Group cut ODDITY Tech from a “hold” rating to a “sell” rating and cut their price target for the company from $16.00 to $8.00 in a report on Wednesday, June 3rd. Finally, Truist Financial decreased their price objective on shares of ODDITY Tech from $18.00 to $12.00 and set a “hold” rating on the stock in a report on Wednesday, June 3rd. Eight equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $25.39.

Insider Activity

In other ODDITY Tech news, CFO Mann Lindsay Drucker sold 11,473 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $15.10, for a total transaction of $173,242.30. Following the completion of the transaction, the chief financial officer owned 104,492 shares in the company, valued at approximately $1,577,829.20. This represents a 9.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 130,678 shares of company stock worth $1,956,201 over the last ninety days.

About ODDITY Tech

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.