ODDITY Tech (NASDAQ:ODD) Upgraded to Sell 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 note released on Sunday morning,Wall Street Zen reports.

ODD has been the topic of a number of other reports. Zacks Research raised ODDITY Tech from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 14th. Weiss Ratings upgraded ODDITY Tech from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Citigroup restated a “market perform” rating on shares of ODDITY Tech in a research report on Thursday, September 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of ODDITY Tech in a research note on Tuesday, September 8th. Finally, Jefferies Financial Group upped their price objective on shares of ODDITY Tech from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $22.35.

ODDITY Tech Price Performance

Shares of NASDAQ:ODD opened at $22.43 on Friday. The firm has a market cap of $1.29 billion, a PE ratio of 93.46 and a beta of 2.24. The firm’s fifty day moving average is $16.67 and its 200-day moving average is $15.06. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.11 and a current ratio of 3.45. ODDITY Tech has a 52 week low of $9.25 and a 52 week high of $52.00.

ODDITY Tech (NASDAQ:ODD) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.08. The company had revenue of $180.52 million for the quarter, compared to analysts’ expectations of $178.23 million. ODDITY Tech had a net margin of 2.23% and a return on equity of 2.58%. ODDITY Tech’s revenue for the quarter was down 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Sell-side analysts predict that ODDITY Tech will post -0.25 earnings per share for the current year.

Insider Buying and Selling at ODDITY Tech

In other news, CFO Mann Drucker sold 7,717 shares of ODDITY Tech stock in a transaction on Tuesday, September 1st. The shares were 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 owned 116,135 shares in the company, valued at $1,752,477.15. The trade was a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 62,852 shares of company stock valued at $938,716.

Institutional Trading of ODDITY Tech

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in ODDITY Tech during the 1st quarter valued at about $104,000. Sigma Planning Corp boosted its position in shares of ODDITY Tech by 52.0% during the first quarter. Sigma Planning Corp now owns 10,535 shares of the company’s stock valued at $141,000 after buying an additional 3,605 shares during the last quarter. Blue Trust Inc. grew its holdings in ODDITY Tech by 14.9% during the first quarter. Blue Trust Inc. now owns 11,359 shares of the company’s stock worth $152,000 after buying an additional 1,470 shares in the last quarter. USS Investment Management Ltd lifted its stake in ODDITY Tech by 6.4% during the 1st quarter. USS Investment Management Ltd now owns 14,633 shares of the company’s stock valued at $196,000 after acquiring an additional 880 shares in the last quarter. Finally, J. Safra Sarasin Holding AG lifted its position in shares of ODDITY Tech by 132.6% during the first quarter. J. Safra Sarasin Holding AG now owns 20,000 shares of the company’s stock valued at $268,000 after purchasing an additional 11,400 shares in the last quarter. 35.88% of the stock is currently owned by institutional investors and hedge funds.

ODDITY Tech Company Profile

ODDITY Tech Ltd. is a technology-driven beauty and wellness company that develops and markets consumer brands through digital, direct-to-consumer channels. The company uses data science, artificial intelligence and technology-enabled personalization to help consumers discover products and make purchasing decisions online.

ODDITY’s portfolio includes IL MAKIAGE, a digitally native makeup brand known for personalized product recommendations, and SpoiledChild, a beauty and hair-care brand focused on personalized routines and treatments.