Zacks Research Downgrades ODDITY Tech (NASDAQ:ODD) to Hold

ODDITY Tech (NASDAQ:ODD) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

ODD has been the subject of several other research reports. JPMorgan Chase & Co. lowered their target price on shares of ODDITY Tech from $67.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. Needham & Company LLC reissued a “buy” rating and issued a $72.00 target price on shares of ODDITY Tech in a report on Thursday, November 20th. KeyCorp lowered their target price on ODDITY Tech from $70.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Wall Street Zen upgraded ODDITY Tech from a “sell” rating to a “hold” rating in a research report on Sunday, November 30th. Finally, Barclays cut their price target on ODDITY Tech from $64.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, November 21st. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.40.

ODDITY Tech Stock Performance

Shares of ODD stock opened at $29.17 on Tuesday. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.21 and a beta of 3.18. ODDITY Tech has a one year low of $28.16 and a one year high of $79.18. The company’s 50-day simple moving average is $37.72 and its 200-day simple moving average is $48.44. The company has a debt-to-equity ratio of 1.53, a quick ratio of 6.42 and a current ratio of 7.54.

ODDITY Tech (NASDAQ:ODD) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $147.90 million during the quarter, compared to analyst estimates of $145.44 million. ODDITY Tech had a return on equity of 31.68% and a net margin of 14.11%.ODDITY Tech’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 earnings per share. ODDITY Tech has set its Q4 2025 guidance at 0.110-0.130 EPS and its FY 2025 guidance at 2.100-2.120 EPS. Equities analysts anticipate that ODDITY Tech will post 1.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ODDITY Tech

Several hedge funds have recently modified their holdings of ODD. Baillie Gifford & Co. lifted its position in shares of ODDITY Tech by 17.8% during the 4th quarter. Baillie Gifford & Co. now owns 7,122,641 shares of the company’s stock valued at $286,188,000 after acquiring an additional 1,076,921 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in ODDITY Tech by 1.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,738,125 shares of the company’s stock worth $108,285,000 after purchasing an additional 28,930 shares in the last quarter. Granahan Investment Management LLC lifted its stake in ODDITY Tech by 11.1% during the third quarter. Granahan Investment Management LLC now owns 1,506,457 shares of the company’s stock valued at $93,852,000 after buying an additional 151,110 shares in the last quarter. Bamco Inc. NY boosted its holdings in shares of ODDITY Tech by 11.3% in the third quarter. Bamco Inc. NY now owns 1,376,781 shares of the company’s stock worth $85,773,000 after buying an additional 139,348 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of ODDITY Tech by 8,711.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 835,315 shares of the company’s stock valued at $63,041,000 after acquiring an additional 825,835 shares during the period. 35.88% of the stock is currently owned by institutional investors and hedge funds.

ODDITY Tech Company 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.