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

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

ODD has been the topic of several research reports. Jefferies Financial Group lowered ODDITY Tech from a “buy” rating to a “hold” rating and cut their price target for the company from $64.00 to $18.00 in a research note on Wednesday, February 25th. Wall Street Zen cut 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 issued a $16.00 price target (down from $59.00) on shares of ODDITY Tech in a report on Thursday, February 26th. Weiss Ratings cut ODDITY Tech from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 3rd. Finally, Citizens Jmp cut ODDITY Tech from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th.

Insider Activity

In other news, CFO Mann Lindsay Drucker sold 9,604 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $12.85, for a total value of $123,411.40. Following the transaction, the chief financial officer directly owned 49,054 shares in the company, valued at $630,343.90. This trade represents a 16.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wexford Capital LP bought a new position in shares of ODDITY Tech in the 3rd quarter worth $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 acquiring an additional 651 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of ODDITY Tech in the 2nd quarter valued at about $71,000. Quaker Wealth Management LLC raised its stake in shares of ODDITY Tech by 530.3% in the 3rd quarter. Quaker Wealth Management LLC now owns 1,664 shares of the company’s stock valued at $104,000 after purchasing an additional 1,400 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of ODDITY Tech in the 1st quarter valued at about $104,000. 35.88% of the stock is currently owned by institutional investors.

ODDITY Tech Trading Up 0.1%

Shares of ODD opened at $12.66 on Monday. ODDITY Tech has a 1 year low of $10.80 and a 1 year high of $79.18. The company has a current ratio of 5.24, a quick ratio of 4.06 and a debt-to-equity ratio of 1.47. The stock has a 50 day simple moving average of $14.20 and a 200-day simple moving average of $29.04. The stock has a market cap of $728.96 million, a PE ratio of 7.03, a PEG ratio of 1.65 and a beta of 2.58.

ODDITY Tech (NASDAQ:ODD) last issued its earnings results on Thursday, February 26th. The company reported $0.20 earnings per share (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 business had revenue of $152.73 million during the quarter, compared to analysts’ expectations of $151.11 million. During the same period in the prior year, the firm posted $0.20 EPS. ODDITY Tech’s quarterly revenue was up 23.8% compared to the same quarter last year. On average, sell-side analysts predict that ODDITY Tech will post 0.64 EPS for the current fiscal year.

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.