Conestoga Capital Advisors LLC Acquires 67,285 Shares of ODDITY Tech Ltd. $ODD

Conestoga Capital Advisors LLC lifted its holdings in ODDITY Tech Ltd. (NASDAQ:ODD) by 221.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,620 shares of the company’s stock after purchasing an additional 67,285 shares during the period. Conestoga Capital Advisors LLC owned 0.17% of ODDITY Tech worth $1,306,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wexford Capital LP acquired a new position in ODDITY Tech during the third quarter worth $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $69,000 after acquiring an additional 651 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of ODDITY Tech during the 2nd quarter worth about $71,000. SG Americas Securities LLC acquired a new position in shares of ODDITY Tech during the 1st quarter valued at about $104,000. Finally, Headlands Technologies LLC acquired a new position in shares of ODDITY Tech during the 2nd quarter valued at about $108,000. 35.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on ODD. Wall Street Zen lowered ODDITY Tech from a “sell” rating to a “strong sell” rating in a report on Saturday, April 18th. Barclays lowered their price target on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, June 3rd. Jefferies Financial Group restated a “hold” rating and issued a $10.25 price objective on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Truist Financial decreased their price objective on shares of ODDITY Tech from $18.00 to $12.00 and set a “hold” rating for the company in a report on Wednesday, June 3rd. Finally, Zacks Research lowered shares of ODDITY Tech from a “hold” rating to a “strong sell” rating in a research note on Monday. Eight investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, ODDITY Tech presently has an average rating of “Reduce” and an average target price of $25.39.

ODDITY Tech Stock Performance

ODD opened at $17.01 on Thursday. The firm has a market capitalization of $979.44 million, a P/E ratio of 21.53 and a beta of 2.37. The stock’s 50 day moving average price is $13.07 and its two-hundred day moving average price is $21.66. The company has a quick ratio of 2.86, a current ratio of 4.06 and a debt-to-equity ratio of 1.96. ODDITY Tech Ltd. has a 12-month low of $9.25 and a 12-month high of $77.83.

ODDITY Tech (NASDAQ:ODD) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.The business had revenue of $197.94 million for the quarter, compared to analyst estimates of $187.87 million. During the same quarter last year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was down 26.2% compared to the same quarter last year. On average, equities analysts forecast that ODDITY Tech Ltd. will post -0.46 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Mann Lindsay Drucker sold 109,602 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $15.09, for a total transaction of $1,653,894.18. Following the completion of the transaction, the chief financial officer directly owned 77,709 shares in the company, valued at $1,172,628.81. This represents a 58.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 128,805 shares of company stock worth $1,932,910.

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.