Mann Lindsay Drucker Sells 109,602 Shares of ODDITY Tech (NASDAQ:ODD) Stock

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 109,602 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $15.09, for a total value of $1,653,894.18. Following the completion of the sale, the chief financial officer directly owned 77,709 shares in the company, valued at approximately $1,172,628.81. The trade was a 58.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.

Mann Lindsay Drucker also recently made the following trade(s):

• On Monday, June 1st, Mann Lindsay Drucker sold 9,603 shares of ODDITY Tech stock. The shares were sold at an average price of $13.44, for a total value of $129,064.32.
• On Thursday, April 30th, Mann Lindsay Drucker sold 9,600 shares of ODDITY Tech stock. The stock was sold at an average price of $15.62, for a total value of $149,952.00.

ODDITY Tech Stock Up 5.2%

ODD stock opened at $17.90 on Friday. The company has a current ratio of 4.06, a quick ratio of 2.86 and a debt-to-equity ratio of 1.96. The company’s 50 day moving average is $13.11 and its 200 day moving average is $21.48. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 22.66 and a beta of 2.37. ODDITY Tech Ltd. has a 1-year low of $9.25 and a 1-year high of $77.83.

ODDITY Tech (NASDAQ:ODD) last announced its earnings results on Tuesday, June 2nd. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. The company had revenue of $197.94 million during the quarter, compared to analysts’ expectations of $187.87 million. During the same period in the prior year, the business earned $0.69 earnings per share. The company’s revenue for the quarter was down 26.2% compared to the same quarter last year. Sell-side analysts predict that ODDITY Tech Ltd. will post -0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On ODDITY Tech

Hedge funds have recently made changes to their positions in the business. Avidity Partners Management LP purchased a new stake in shares of ODDITY Tech in the 1st quarter valued at $937,000. Segall Bryant & Hamill LLC purchased a new position in ODDITY Tech in the 1st quarter worth $488,000. Amundi lifted its stake in ODDITY Tech by 17.8% in the first quarter. Amundi now owns 434,945 shares of the company’s stock worth $5,820,000 after purchasing an additional 65,647 shares during the last quarter. Empowered Funds LLC bought a new stake in ODDITY Tech in the first quarter worth $1,275,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in ODDITY Tech in the first quarter worth $405,000. 35.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ODD. Zacks Research downgraded shares of ODDITY Tech from a “hold” rating to a “strong sell” rating in a report on Monday. Needham & Company LLC reissued a “hold” rating on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Wall Street Zen downgraded ODDITY Tech from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 18th. Morgan Stanley dropped their price target on ODDITY Tech from $16.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Finally, KeyCorp reiterated a “sector weight” rating on shares of ODDITY Tech in a report on Wednesday, June 3rd. Eight research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $25.39.

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.