ODDITY Tech (NASDAQ:ODD) Shares Down 4.4% on Analyst Downgrade

Shares of ODDITY Tech Ltd. (NASDAQ:ODD) were down 4.4% during mid-day trading on Friday after KeyCorp lowered their price target on the stock from $70.00 to $50.00. KeyCorp currently has an overweight rating on the stock. ODDITY Tech traded as low as $37.31 and last traded at $36.8050. Approximately 80,472 shares traded hands during trading, a decline of 89% from the average daily volume of 701,140 shares. The stock had previously closed at $38.51.

Other equities research analysts have also issued reports about the company. JMP Securities reissued a “market outperform” rating and set a $80.00 price target on shares of ODDITY Tech in a research report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of ODDITY Tech in a research note on Wednesday, October 8th. Wall Street Zen raised shares of ODDITY Tech from a “sell” rating to a “hold” rating in a report on Sunday, November 30th. JPMorgan Chase & Co. reduced their price target on shares of ODDITY Tech from $67.00 to $59.00 and set an “overweight” rating on the stock in a research report on Friday, December 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 price objective on shares of ODDITY Tech in a research report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.40.

Hedge Funds Weigh In On ODDITY Tech

Several institutional investors have recently modified their holdings of ODD. JPMorgan Chase & Co. increased its holdings in shares of ODDITY Tech by 6.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 713,447 shares of the company’s stock worth $44,448,000 after acquiring an additional 41,723 shares during the period. Penn Capital Management Company LLC grew its position in ODDITY Tech by 20.9% in the 3rd quarter. Penn Capital Management Company LLC now owns 210,290 shares of the company’s stock worth $13,134,000 after purchasing an additional 36,330 shares during the last quarter. Woodline Partners LP increased its stake in shares of ODDITY Tech by 0.3% in the third quarter. Woodline Partners LP now owns 401,229 shares of the company’s stock valued at $24,997,000 after purchasing an additional 1,117 shares during the period. Voleon Capital Management LP acquired a new stake in shares of ODDITY Tech in the third quarter valued at approximately $1,763,000. Finally, Wexford Capital LP bought a new stake in shares of ODDITY Tech during the third quarter valued at approximately $40,000. Institutional investors own 35.88% of the company’s stock.

ODDITY Tech Stock Performance

The company has a quick ratio of 6.42, a current ratio of 7.54 and a debt-to-equity ratio of 1.53. The company has a 50-day moving average price of $41.20 and a 200-day moving average price of $54.76. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 1.41 and a beta of 3.17.

ODDITY Tech (NASDAQ:ODD) last posted its earnings results on Wednesday, November 19th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. ODDITY Tech had a return on equity of 31.68% and a net margin of 14.11%.The firm had revenue of $147.90 million for the quarter, compared to analysts’ expectations of $145.44 million. During the same period last year, the firm earned $0.32 EPS. The firm’s revenue was up 24.3% compared to the same quarter last year. ODDITY Tech has set its Q4 2025 guidance at 0.110-0.130 EPS and its FY 2025 guidance at 2.100-2.120 EPS. As a group, equities research analysts forecast that ODDITY Tech Ltd. will post 1.62 earnings per share 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.