ODDITY Tech Ltd. (NASDAQ:ODD) Stock Has Consensus Target Price of $22.15

Shares of ODDITY Tech Ltd. (NASDAQ:ODD) have earned a consensus recommendation of “Reduce” from the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation and ten have given a hold recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $22.15.

ODD has been the topic of several recent analyst reports. Jefferies Financial Group upped their price objective on shares of ODDITY Tech from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, September 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of ODDITY Tech in a report on Friday, September 25th. Truist Financial boosted their target price on ODDITY Tech from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, September 10th. Morgan Stanley upped their price target on ODDITY Tech from $10.00 to $16.50 and gave the stock an “equal weight” rating in a research note on Thursday, September 10th. Finally, JPMorgan Chase & Co. assumed coverage on ODDITY Tech in a research report on Monday, September 21st. They set a “neutral” rating and a $18.00 price target for the company.

Insider Activity

In related news, CFO Mann Drucker sold 7,717 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $15.09, for a total transaction of $116,449.53. Following the transaction, the chief financial officer owned 116,135 shares of the company’s stock, valued at approximately $1,752,477.15. This represents a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 62,852 shares of company stock valued at $938,716.

Hedge Funds Weigh In On ODDITY Tech

A number of hedge funds and other institutional investors have recently bought and sold shares of ODD. Juncture Wealth Strategies LLC increased its stake in ODDITY Tech by 17.8% during the third quarter. Juncture Wealth Strategies LLC now owns 27,119 shares of the company’s stock worth $506,000 after purchasing an additional 4,097 shares during the period. State Street Corp boosted its stake in shares of ODDITY Tech by 123.5% in the second quarter. State Street Corp now owns 836,446 shares of the company’s stock valued at $12,655,000 after purchasing an additional 462,137 shares during the period. K5 Global Advisor LLC purchased a new position in shares of ODDITY Tech in the second quarter valued at approximately $375,000. Sigma Planning Corp grew its holdings in shares of ODDITY Tech by 37.7% in the second quarter. Sigma Planning Corp now owns 14,510 shares of the company’s stock valued at $220,000 after purchasing an additional 3,975 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of ODDITY Tech in the second quarter valued at approximately $300,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

ODDITY Tech Stock Up 8.0%

Shares of ODD opened at $21.11 on Thursday. The firm has a market cap of $1.22 billion, a P/E ratio of 87.96 and a beta of 2.24. ODDITY Tech has a 12-month low of $9.25 and a 12-month high of $52.24. The company’s 50-day moving average price is $15.92 and its 200 day moving average price is $14.75. The company has a current ratio of 3.45, a quick ratio of 2.11 and a debt-to-equity ratio of 2.21.

ODDITY Tech (NASDAQ:ODD) last announced its earnings results 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. ODDITY Tech had a net margin of 2.23% and a return on equity of 2.58%. The company had revenue of $180.52 million during the quarter, compared to analyst estimates of $178.23 million. During the same quarter last year, the firm posted $0.92 earnings per share. ODDITY Tech’s revenue was down 24.9% compared to the same quarter last year. On average, sell-side analysts forecast that ODDITY Tech will post -0.25 earnings per share for the current year.

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.