ODDITY Tech (NASDAQ:ODD) Stock Rating Lowered by Bank of America

ODDITY Tech (NASDAQ:ODDGet Free Report) was downgraded by Bank of America from a “buy” rating to an “underperform” rating in a research note issued on Thursday, Marketbeat Ratings reports. They currently have a $10.00 price objective on the stock. Bank of America‘s target price would suggest a potential downside of 15.04% from the stock’s current price.

Several other research firms have also recently weighed in on ODD. Morgan Stanley dropped their price target on ODDITY Tech from $61.00 to $49.00 and set an “equal weight” rating for the company in a report on Friday, November 21st. Jefferies Financial Group cut ODDITY Tech from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $64.00 to $18.00 in a research report on Wednesday. Truist Financial reissued a “hold” rating and issued a $18.00 target price (down from $80.00) on shares of ODDITY Tech in a research report on Wednesday. Barclays lowered their price target on shares of ODDITY Tech from $64.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, November 21st. Finally, Needham & Company LLC cut shares of ODDITY Tech from a “buy” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, ODDITY Tech presently has a consensus rating of “Reduce” and an average price target of $31.73.

Check Out Our Latest Research Report on ODD

ODDITY Tech Stock Performance

NASDAQ ODD opened at $11.77 on Thursday. The stock has a market cap of $657.12 million, a PE ratio of 6.54, a P/E/G ratio of 0.55 and a beta of 3.18. The company has a debt-to-equity ratio of 1.53, a quick ratio of 6.42 and a current ratio of 7.54. The firm has a 50-day moving average of $33.37 and a 200-day moving average of $45.25. ODDITY Tech has a 52-week low of $11.61 and a 52-week high of $79.18.

ODDITY Tech (NASDAQ:ODDGet Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. ODDITY Tech had a net margin of 13.68% and a return on equity of 30.74%. The firm had revenue of $152.73 million for the quarter, compared to analysts’ expectations of $151.11 million. During the same period in the prior year, the firm earned $0.20 EPS. The business’s revenue was up 23.8% on a year-over-year basis. On average, sell-side analysts anticipate that ODDITY Tech will post 1.62 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ODD. Wexford Capital LP bought a new stake in ODDITY Tech during the third quarter worth $40,000. Assetmark Inc. bought a new stake in shares of ODDITY Tech during the 2nd quarter worth $54,000. Legal & General Group Plc acquired a new stake in ODDITY Tech in the second quarter valued at about $71,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 last quarter. Finally, Headlands Technologies LLC bought a new position in ODDITY Tech in the second quarter valued at about $108,000. 35.88% of the stock is owned by institutional investors.

Key ODDITY Tech News

Here are the key news stories impacting ODDITY Tech this week:

ODDITY Tech Company Profile

(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)

Receive News & Ratings for ODDITY Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ODDITY Tech and related companies with MarketBeat.com's FREE daily email newsletter.