Ashford Capital Management Inc. Sells 31,410 Shares of ODDITY Tech Ltd. $ODD

Ashford Capital Management Inc. decreased its position in shares of ODDITY Tech Ltd. (NASDAQ:ODD) by 4.6% in the first quarter, HoldingsChannel reports. The firm owned 654,562 shares of the company’s stock after selling 31,410 shares during the quarter. Ashford Capital Management Inc.’s holdings in ODDITY Tech were worth $8,758,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Wexford Capital LP purchased a new stake in shares of ODDITY Tech in the third quarter worth about $40,000. Legal & General Group Plc purchased a new position in ODDITY Tech during the 2nd quarter valued at approximately $71,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in ODDITY Tech by 134.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company’s stock valued at $69,000 after buying an additional 651 shares in the last quarter. Headlands Technologies LLC bought a new stake in ODDITY Tech in the 2nd quarter worth approximately $108,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of ODDITY Tech during the 2nd quarter worth approximately $225,000. 35.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Mann Lindsay Drucker sold 109,602 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 77,709 shares in the company, valued at approximately $1,172,628.81. This represents a 58.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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. In the last 90 days, insiders have sold 128,805 shares of company stock worth $1,932,910.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of ODDITY Tech in a research report on Tuesday, June 2nd. Truist Financial reduced their price target on shares of ODDITY Tech from $18.00 to $12.00 and set a “hold” rating on the stock in a research report on Wednesday, June 3rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $10.25 price target on shares of ODDITY Tech in a research note on Tuesday, June 2nd. The Goldman Sachs Group lowered shares of ODDITY Tech from a “hold” rating to a “sell” rating and lowered their price objective for the company from $16.00 to $8.00 in a research report on Wednesday, June 3rd. Finally, Zacks Research cut shares of ODDITY Tech from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Eight investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $25.39.

ODDITY Tech Stock Up 7.1%

Shares of ODD opened at $16.43 on Tuesday. 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 has a fifty day moving average of $13.89 and a 200 day moving average of $18.54. The company has a market cap of $945.96 million, a PE ratio of 20.80 and a beta of 2.37. ODDITY Tech Ltd. has a 52-week low of $9.25 and a 52-week high of $75.45.

ODDITY Tech (NASDAQ:ODD) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. The firm had revenue of $197.94 million for the quarter, compared to the consensus estimate of $187.87 million. During the same quarter last year, the firm earned $0.69 EPS. The company’s revenue was down 26.2% on a year-over-year basis. On average, sell-side analysts expect that ODDITY Tech Ltd. will post -0.55 EPS for the current 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.