ODDITY Tech (NASDAQ:ODD) Stock Price Expected to Rise, Truist Financial Analyst Says

ODDITY Tech (NASDAQ:ODD) had its target price increased by research analysts at Truist Financial from $18.00 to $20.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial‘s price objective points to a potential upside of 0.50% from the stock’s previous close.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group restated a “sell” rating on shares of ODDITY Tech in a research report on Wednesday. Zacks Research upgraded ODDITY Tech from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 14th. Bank of America reaffirmed an “underperform” rating on shares of ODDITY Tech in a research report on Thursday, September 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of ODDITY Tech in a research note on Tuesday, September 8th. Finally, Wall Street Zen raised ODDITY Tech from a “strong sell” rating to a “sell” rating in a research note on Sunday, October 18th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $22.55.

ODDITY Tech Trading Up 2.1%

ODD opened at $19.90 on Thursday. The firm has a market cap of $1.15 billion, a P/E ratio of 82.92 and a beta of 2.14. The company has a current ratio of 3.45, a quick ratio of 2.11 and a debt-to-equity ratio of 2.21. The stock has a 50-day moving average of $19.59 and a 200 day moving average of $17.14. ODDITY Tech has a 12 month low of $9.25 and a 12 month high of $46.45.

ODDITY Tech (NASDAQ:ODD) last issued its earnings results on Wednesday, November 11th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.07. The business had revenue of $144.98 million for the quarter, compared to analyst estimates of $140.53 million. ODDITY Tech had a net margin of 2.23% and a return on equity of 2.58%. During the same period last year, the company posted $0.28 earnings per share. As a group, research analysts forecast that ODDITY Tech will post -0.25 EPS for the current year.

Insider Buying and Selling at ODDITY Tech

In other ODDITY Tech news, CFO Mann Drucker sold 7,717 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $15.09, for a total transaction of $116,449.53. Following the sale, the chief financial officer owned 116,135 shares in the company, valued at $1,752,477.15. This represents a 6.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 51,379 shares of company stock worth $765,474 in the last three months.

Hedge Funds Weigh In On ODDITY Tech

Hedge funds have recently modified their holdings of the stock. Pinnacle Wealth Planning Services Inc. increased its position in shares of ODDITY Tech by 38.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 4,125 shares of the company’s stock worth $77,000 after acquiring an additional 1,142 shares in the last quarter. Sigma Planning Corp lifted its holdings in ODDITY Tech by 16.7% in the 3rd quarter. Sigma Planning Corp now owns 16,940 shares of the company’s stock worth $316,000 after purchasing an additional 2,430 shares during the last quarter. Juncture Wealth Strategies LLC raised its holdings in ODDITY Tech by 17.8% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 27,119 shares of the company’s stock worth $506,000 after acquiring an additional 4,097 shares during the period. Signaturefd LLC boosted its stake in ODDITY Tech by 72.0% during the 3rd quarter. Signaturefd LLC now owns 9,814 shares of the company’s stock valued at $183,000 after purchasing an additional 4,109 shares during the period. Finally, J. Safra Sarasin Holding AG grew its stake in shares of ODDITY Tech by 132.6% in the first quarter. J. Safra Sarasin Holding AG now owns 20,000 shares of the company’s stock worth $268,000 after acquiring an additional 11,400 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Recent ODDITY Tech Headlines

These are some of the ODD headlines that stood out recently:

• Positive Sentiment: Q3 adjusted earnings were $0.37 per share, ahead of analysts’ $0.30 estimate, while revenue of about $145 million topped the $140.5 million consensus. ODDITY also raised its full-year revenue and adjusted EBITDA outlook; its $660 million revenue forecast is above the roughly $656.6 million consensus. Earnings release
• Neutral Sentiment: The beat came despite Q3 revenue falling about 2% year over year, suggesting the recovery remains uneven. Fourth-quarter revenue guidance of $135.9 million to $137.5 million is broadly in line with the $136.8 million consensus. Earnings call highlights
• Negative Sentiment: Jefferies lowered its price target to $20, signaling limited perceived upside near the stock’s recent trading level and adding a cautious note alongside the results. Jefferies price-target update

About ODDITY Tech

ODDITY Tech Ltd. is a technology-driven consumer company that develops and operates digital-first beauty and wellness brands. Its portfolio includes IL MAKIAGE, which offers makeup and skincare products, and SpoiledChild, which focuses on beauty and wellness products. The company uses data analytics, artificial intelligence and other technology to support product development, personalized recommendations and online shopping. Its brands primarily sell directly to consumers through e-commerce platforms.