Mann Lindsay Drucker Sells 5,503 Shares of ODDITY Tech (NASDAQ:ODD) Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 5,503 shares of ODDITY Tech stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $15.00, for a total value of $82,545.00. Following the transaction, the chief financial officer owned 104,492 shares in the company, valued at approximately $1,567,380. This represents a 5.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.

Mann Lindsay Drucker also recently made the following trade(s):

• On Monday, August 31st, Mann Lindsay Drucker sold 12,286 shares of ODDITY Tech stock. The stock was sold at an average price of $14.27, for a total value of $175,321.22.
• On Friday, August 28th, Mann Lindsay Drucker sold 21,571 shares of ODDITY Tech stock. The stock was sold at an average price of $15.14, for a total value of $326,584.94.
• On Wednesday, August 26th, Mann Lindsay Drucker sold 3,493 shares of ODDITY Tech stock. The shares were sold at an average price of $15.01, for a total value of $52,429.93.
• On Wednesday, August 5th, Mann Lindsay Drucker sold 11,473 shares of ODDITY Tech stock. The shares were sold at an average price of $15.10, for a total value of $173,242.30.
• On Tuesday, June 30th, Mann Lindsay Drucker sold 109,602 shares of ODDITY Tech stock. The stock was sold at an average price of $15.09, for a total value of $1,653,894.18.

ODDITY Tech Stock Performance

Shares of ODD stock opened at $14.14 on Wednesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.86 and a current ratio of 4.06. The company has a market capitalization of $814.18 million, a P/E ratio of 17.90 and a beta of 2.38. The company’s 50 day moving average price is $15.00 and its two-hundred day moving average price is $14.93. ODDITY Tech Ltd. has a 52 week low of $9.25 and a 52 week high of $64.23.

ODDITY Tech (NASDAQ:ODD) last released its quarterly earnings results 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 net margin of 6.97% and a return on equity of 15.38%. The company had revenue of $197.94 million during the quarter, compared to analyst estimates of $187.87 million. During the same quarter last year, the company earned $0.69 EPS. The firm’s quarterly revenue was down 26.2% compared to the same quarter last year. On average, analysts expect that ODDITY Tech Ltd. will post -0.55 earnings per share for the current fiscal year.

Institutional Trading of ODDITY Tech

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in ODDITY Tech in the 1st quarter valued at about $1,275,000. Rice Hall James & Associates LLC acquired a new position in shares of ODDITY Tech during the 1st quarter worth approximately $3,533,000. Halter Ferguson Financial Inc. acquired a new position in shares of ODDITY Tech during the 1st quarter worth approximately $2,789,000. Sparta 24 Ltd. bought a new stake in ODDITY Tech in the 1st quarter valued at $1,082,000. Finally, Teachers Retirement System of The State of Kentucky raised its stake in ODDITY Tech by 32.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 121,185 shares of the company’s stock valued at $1,621,000 after acquiring an additional 30,000 shares during the period. 35.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ODD shares. The Goldman Sachs Group cut ODDITY Tech from a “hold” rating to a “sell” rating and lowered their target price for the stock from $16.00 to $8.00 in a report on Wednesday, June 3rd. Barclays cut their price target on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, June 3rd. KeyCorp reaffirmed a “sector weight” rating on shares of ODDITY Tech in a research report on Wednesday, June 3rd. Jefferies Financial Group reiterated a “hold” rating and set a $10.25 price objective on shares of ODDITY Tech in a report on Tuesday, June 2nd. Finally, Morgan Stanley cut their target price on 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. Nine research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, ODDITY Tech has an average rating of “Reduce” and an average price target of $25.75.

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.