ODDITY Tech (NASDAQ:ODD) Price Target Raised to $18.00

ODDITY Tech (NASDAQ:ODD) had its price target upped by Truist Financial from $16.00 to $18.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

ODD has been the subject of a number of other reports. Barclays decreased their price target on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, June 3rd. KeyCorp restated a “sector weight” rating on shares of ODDITY Tech in a research report on Wednesday, June 3rd. Zacks Research upgraded ODDITY Tech from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Citigroup reaffirmed a “market perform” rating on shares of ODDITY Tech in a research note on Thursday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ODDITY Tech in a report on Tuesday, September 8th. Ten investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $27.23.

ODDITY Tech Trading Up 14.2%

ODD opened at $18.28 on Thursday. ODDITY Tech has a twelve month low of $9.25 and a twelve month high of $64.23. The company has a quick ratio of 2.86, a current ratio of 3.45 and a debt-to-equity ratio of 2.21. The company has a fifty day moving average of $14.94 and a 200-day moving average of $14.23. The stock has a market cap of $1.05 billion, a PE ratio of 76.17 and a beta of 2.38.

ODDITY Tech (NASDAQ:ODD) last released its earnings results on Wednesday, September 9th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.08. The business had revenue of $180.52 million for the quarter, compared to analyst estimates 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 business earned $0.92 earnings per share. On average, sell-side analysts predict that ODDITY Tech will post -0.55 EPS for the current year.

Insider Buying and Selling at ODDITY Tech

In related news, CFO Mann Drucker sold 109,602 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $15.09, for a total value of $1,653,894.18. Following the transaction, the chief financial officer directly owned 77,709 shares in the company, valued at $1,172,628.81. This trade represents a 58.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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. Insiders sold 172,454 shares of company stock worth $2,592,610 over the last quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ODD. Empowered Funds LLC bought a new position in ODDITY Tech during the 1st quarter valued at $1,275,000. Rice Hall James & Associates LLC bought a new stake in shares of ODDITY Tech in the 1st quarter worth $3,533,000. Sparta 24 Ltd. bought a new stake in shares of ODDITY Tech in the 1st quarter worth $1,082,000. Halter Ferguson Financial Inc. purchased a new stake in shares of ODDITY Tech in the first quarter valued at about $2,789,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of ODDITY Tech by 32.9% in the first 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 purchasing an additional 30,000 shares during the last quarter. Institutional investors and hedge funds own 35.88% of the company’s stock.

Key Headlines Impacting ODDITY Tech

Here are the key news stories impacting ODDITY Tech this week:

• Positive Sentiment: ODDITY Tech reported quarterly earnings of $0.20 per share, exceeding the $0.12 consensus estimate, while revenue of $180.52 million also came in ahead of expectations. The earnings surprise appears to be the primary catalyst behind the stock’s upward move. ODDITY Tech Shares Gap Up Following Earnings Beat
• Positive Sentiment: Jefferies Financial Group indicated that ODDITY Tech’s stock is expected to rise, adding to the bullish interpretation of the earnings results. ODDITY Tech Stock Price Expected to Rise
• Positive Sentiment: An investment analysis highlighted turnaround potential from improving customer-acquisition costs, growth at SpoiledChild, and longer-term opportunities from METHODIQ and Labs. ODDITY’s discounted, zero-coupon convertible debt may also provide financial flexibility. Oddity Tech Turnaround Potential and Discounted Debt Value Lever
• Neutral Sentiment: Morgan Stanley raised its price target from $10.00 to $16.50 but retained an Equal Weight rating, while Truist lifted its target from $16.00 to $18.00 and maintained a Hold rating. The increases suggest improved expectations, but both targets remain at or below the recent trading level.
• Neutral Sentiment: Needham reaffirmed its Hold rating, indicating that the earnings beat has not yet changed its broader view of the company.
• Negative Sentiment: Despite the earnings beat, revenue declined 24.9% year over year and quarterly earnings fell sharply from $0.92 per share in the prior-year period. The company’s net margin was only 2.23%, underscoring ongoing profitability concerns. Oddity Tech Reveals Drop in Q2 Bottom Line
• Negative Sentiment: Barclays issued a Sell rating, adding a significant bearish voice as investors assess whether the reported improvement represents a durable recovery. ODDITY Tech Receives a Sell from Barclays

ODDITY Tech Company Profile

ODDITY Tech Ltd. is a technology and consumer products company focused on beauty and wellness. The company combines data science, artificial intelligence and digital commerce to develop, market and sell products directly to consumers, with an emphasis on personalized shopping experiences and digitally native brands.

ODDITY’s portfolio includes IL MAKIAGE, a digitally focused makeup brand known for personalized product recommendations, and SpoiledChild, a beauty and hair-care brand. Its offerings include cosmetics, skin-care, hair-care and related beauty products sold primarily through online channels.

Founded in 2018 by Oran Holtzman and Lihi Pinto Fryman, ODDITY is headquartered in New York and operates technology and research capabilities in Tel Aviv.