Barclays Reaffirms “Underweight” Rating for ODDITY Tech (NASDAQ:ODD)

ODDITY Tech (NASDAQ:ODDGet Free Report)‘s stock had its “underweight” rating reiterated by investment analysts at Barclays in a research note issued on Thursday, MarketBeat reports. They presently have a $13.00 price target on the stock, down from their previous price target of $40.00. Barclays‘s price objective indicates a potential upside of 10.45% from the stock’s current price.

A number of other analysts also recently commented on ODD. Bank of America downgraded ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 price target for the company. in a research report on Thursday. Needham & Company LLC lowered ODDITY Tech from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group cut ODDITY Tech from a “buy” rating to a “hold” rating and lowered their target price for the stock from $64.00 to $18.00 in a research note on Wednesday. KeyCorp restated an “overweight” rating on shares of ODDITY Tech in a research report on Friday, February 20th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $20.00 target price on shares of ODDITY Tech in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $31.73.

Read Our Latest Research Report on ODD

ODDITY Tech Stock Down 14.5%

ODD opened at $11.77 on Thursday. ODDITY Tech has a fifty-two week low of $11.61 and a fifty-two week high of $79.18. The firm has a market capitalization of $657.12 million, a P/E ratio of 6.54, a PEG ratio of 0.55 and a beta of 3.18. The company’s 50-day moving average is $33.37 and its 200 day moving average is $45.25. The company has a debt-to-equity ratio of 1.53, a current ratio of 7.54 and a quick ratio of 6.42.

ODDITY Tech (NASDAQ:ODDGet Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. ODDITY Tech had a net margin of 13.68% and a return on equity of 30.74%. The business had revenue of $152.73 million during the quarter, compared to the consensus estimate of $151.11 million. During the same period in the prior year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. Research analysts expect that ODDITY Tech will post 1.62 earnings per share for the current fiscal year.

Institutional Trading of ODDITY Tech

Institutional investors have recently added to or reduced their stakes in the stock. Wexford Capital LP purchased a new position in ODDITY Tech during the 3rd quarter valued at about $40,000. Assetmark Inc. bought a new position in shares of ODDITY Tech in the second quarter valued at approximately $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of ODDITY Tech by 134.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company’s stock valued at $69,000 after acquiring an additional 651 shares during the period. Legal & General Group Plc purchased a new position in ODDITY Tech during the second quarter valued at approximately $71,000. Finally, Quaker Wealth Management LLC increased its holdings in ODDITY Tech by 530.3% during the 3rd quarter. Quaker Wealth Management LLC now owns 1,664 shares of the company’s stock worth $104,000 after acquiring an additional 1,400 shares during the period. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Key Headlines Impacting ODDITY Tech

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About ODDITY Tech

(Get Free Report)

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.

Further Reading

Analyst Recommendations for ODDITY Tech (NASDAQ:ODD)

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