Rice Hall James & Associates LLC Purchases Shares of 264,020 ODDITY Tech Ltd. $ODD

Rice Hall James & Associates LLC acquired a new position in shares of ODDITY Tech Ltd. (NASDAQ:ODD) in the 1st quarter, Holdings Channel.com reports. The firm acquired 264,020 shares of the company’s stock, valued at approximately $3,533,000.

Other institutional investors also recently made changes to their positions in the company. Wexford Capital LP acquired a new position in shares of ODDITY Tech in the third quarter valued at approximately $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 purchasing an additional 651 shares during the period. Legal & General Group Plc acquired a new stake in ODDITY Tech during the 2nd quarter worth approximately $71,000. SG Americas Securities LLC acquired a new stake in ODDITY Tech during the 1st quarter worth approximately $104,000. Finally, Headlands Technologies LLC bought a new stake in ODDITY Tech in the 2nd quarter valued at $108,000. Institutional investors own 35.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on ODD shares. Zacks Research lowered ODDITY Tech from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. The Goldman Sachs Group downgraded 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 report on Wednesday, June 3rd. Jefferies Financial Group reissued a “hold” rating and issued a $10.25 target price on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Wall Street Zen downgraded shares of ODDITY Tech from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 18th. Finally, Morgan Stanley decreased their price target on shares of ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Eight investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $25.39.

Insider Activity

In related news, CFO Mann Lindsay Drucker sold 109,602 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $15.09, for a total transaction of $1,653,894.18. Following the completion of the transaction, the chief financial officer directly owned 77,709 shares in the company, valued at $1,172,628.81. This represents a 58.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 128,805 shares of company stock worth $1,932,910.

ODDITY Tech Stock Performance

ODDITY Tech stock opened at $15.34 on Monday. ODDITY Tech Ltd. has a 12-month low of $9.25 and a 12-month high of $75.45. 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 business’s 50-day moving average price is $13.80 and its two-hundred day moving average price is $18.70. The stock has a market cap of $883.28 million, a PE ratio of 19.42 and a beta of 2.37.

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

ODDITY Tech 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.