ODDITY Tech (NASDAQ:ODD) Downgraded by Zacks Research to “Hold”

Zacks Research cut shares of ODDITY Tech (NASDAQ:ODD – Free Report) from a strong-buy rating to a hold rating in a report published on Thursday,Zacks reports.

ODD has been the topic of a number of other reports. Jefferies Financial Group set a $20.00 price objective on shares of ODDITY Tech in a research report on Wednesday. Citigroup reiterated a “market perform” rating on shares of ODDITY Tech in a research report on Thursday, September 10th. Weiss Ratings raised shares of ODDITY Tech from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 9th. Wall Street Zen upgraded shares of ODDITY Tech from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ODDITY Tech in a research note on Thursday. Eleven analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $23.65.

Check Out Our Latest Stock Analysis on ODDITY Tech

ODDITY Tech Stock Up 5.4%

ODDITY Tech stock traded up $0.90 during mid-day trading on Thursday, hitting $17.63. The company’s stock had a trading volume of 1,073,361 shares, compared to its average volume of 877,114. ODDITY Tech has a 52-week low of $9.25 and a 52-week high of $46.45. The company has a market cap of $1.02 billion, a PE ratio of 92.79 and a beta of 2.14. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.45 and a quick ratio of 2.11. The firm’s 50 day moving average is $19.70 and its 200 day moving average is $16.95.

ODDITY Tech (NASDAQ:ODD – Get Free Report) last released its earnings results on Wednesday, November 11th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.07. The company had revenue of $144.98 million for the quarter, compared to analysts’ expectations of $140.53 million. ODDITY Tech had a return on equity of 0.63% and a net margin of 1.27%. During the same quarter in the previous year, the business posted $0.28 EPS. On average, analysts anticipate that ODDITY Tech will post -0.25 earnings per share for the current year.

Insider Transactions at ODDITY Tech

In other ODDITY Tech news, CFO Mann Drucker sold 7,717 shares of ODDITY Tech stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $15.09, for a total value of $116,449.53. Following the completion of the sale, the chief financial officer directly owned 116,135 shares in the company, valued at $1,752,477.15. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 51,379 shares of company stock valued at $765,474 in the last ninety days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Pinnacle Wealth Planning Services Inc. boosted its holdings in 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 purchasing an additional 1,142 shares in the last quarter. Signaturefd LLC raised its holdings in ODDITY Tech by 72.0% during the third quarter. Signaturefd LLC now owns 9,814 shares of the company’s stock valued at $183,000 after buying an additional 4,109 shares in the last quarter. Sigma Planning Corp raised its holdings in ODDITY Tech by 52.0% during the first quarter. Sigma Planning Corp now owns 10,535 shares of the company’s stock valued at $141,000 after buying an additional 3,605 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of ODDITY Tech in the third quarter worth about $325,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of ODDITY Tech during the 2nd quarter worth about $300,000. Institutional investors own 35.88% of the company’s stock.

ODDITY Tech News Roundup

Investors following ODD have been watching these news items:

ODDITY Tech Company Profile

(Get Free Report)

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.

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Analyst Recommendations for ODDITY Tech (NASDAQ:ODD)

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