ODDITY Tech Ltd. (NASDAQ:ODD) Given Average Rating of “Reduce” by Brokerages

ODDITY Tech Ltd. (NASDAQ:ODDGet Free Report) has been assigned an average recommendation of “Reduce” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $31.7273.

A number of brokerages recently issued reports on ODD. Evercore cut shares of ODDITY Tech from an “outperform” rating to an “in-line” rating and set a $23.00 price objective on the stock. in a research note on Thursday, February 26th. Barclays restated an “underweight” rating and set a $13.00 target price (down from $40.00) on shares of ODDITY Tech in a research note on Thursday, February 26th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $20.00 target price on shares of ODDITY Tech in a report on Wednesday, February 25th. Truist Financial reiterated a “hold” rating and issued a $18.00 price target (down from $80.00) on shares of ODDITY Tech in a research note on Wednesday, February 25th. Finally, Citizens Jmp cut ODDITY Tech from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th.

Read Our Latest Analysis on ODDITY Tech

ODDITY Tech Trading Down 4.8%

ODD opened at $13.37 on Friday. The stock has a market capitalization of $746.45 million, a price-to-earnings ratio of 7.43, a P/E/G ratio of 1.75 and a beta of 3.54. The company has a quick ratio of 4.06, a current ratio of 5.24 and a debt-to-equity ratio of 1.47. ODDITY Tech has a twelve month low of $10.80 and a twelve month high of $79.18. The company has a 50-day simple moving average of $25.36 and a 200 day simple moving average of $40.24.

ODDITY Tech (NASDAQ:ODDGet Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.14 by $0.06. The firm had revenue of $152.73 million for the quarter, compared to analyst estimates of $151.11 million. ODDITY Tech had a net margin of 13.68% and a return on equity of 29.84%. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period last year, the firm earned $0.20 EPS. Analysts predict that ODDITY Tech will post 1.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wexford Capital LP bought a new position in shares of ODDITY Tech in the third quarter worth about $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of ODDITY Tech by 134.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company’s stock valued at $69,000 after purchasing an additional 651 shares during the last quarter. Legal & General Group Plc acquired a new position in ODDITY Tech during the 2nd quarter worth approximately $71,000. Quaker Wealth Management LLC lifted its stake in ODDITY Tech by 530.3% in the 3rd quarter. Quaker Wealth Management LLC now owns 1,664 shares of the company’s stock valued at $104,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in ODDITY Tech in the 2nd quarter valued at approximately $108,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

ODDITY Tech News Summary

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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.

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