ODDITY Tech Ltd. $ODD Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in ODDITY Tech Ltd. (NASDAQ:ODD) by 58.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 216,662 shares of the company’s stock after selling 303,250 shares during the quarter. BNP Paribas Financial Markets’ holdings in ODDITY Tech were worth $8,705,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ODD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of ODDITY Tech by 16.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,117 shares of the company’s stock valued at $3,293,000 after buying an additional 10,582 shares during the last quarter. Geode Capital Management LLC increased its position in ODDITY Tech by 12.9% during the second quarter. Geode Capital Management LLC now owns 75,063 shares of the company’s stock worth $5,660,000 after purchasing an additional 8,561 shares during the last quarter. Legal & General Group Plc purchased a new position in ODDITY Tech during the second quarter worth about $71,000. American Century Companies Inc. boosted its holdings in ODDITY Tech by 17.3% in the 2nd quarter. American Century Companies Inc. now owns 14,300 shares of the company’s stock valued at $1,079,000 after purchasing an additional 2,105 shares during the last quarter. Finally, Invesco Ltd. purchased a new stake in shares of ODDITY Tech in the 2nd quarter valued at approximately $327,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ODDITY Tech

In other ODDITY Tech news, CFO Mann Lindsay Drucker sold 9,603 shares of ODDITY Tech stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $13.44, for a total transaction of $129,064.32. Following the completion of the sale, the chief financial officer directly owned 77,709 shares in the company, valued at $1,044,408.96. This trade represents a 11.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 28,807 shares of company stock worth $402,428 in the last ninety days.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ODD shares. Bank of America downgraded shares of ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 price target for the company. in a report on Thursday, February 26th. The Goldman Sachs Group downgraded shares of ODDITY Tech from a “hold” rating to a “sell” rating and cut their price target for the stock from $16.00 to $8.00 in a report on Wednesday, June 3rd. Wall Street Zen downgraded shares of ODDITY Tech from a “sell” rating to a “strong sell” rating in a report on Saturday, April 18th. Weiss Ratings downgraded shares of ODDITY Tech from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 3rd. Finally, Barclays cut their price target on shares of ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, June 3rd. Nine analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $25.39.

ODDITY Tech Price Performance

Shares of ODD opened at $9.93 on Tuesday. ODDITY Tech Ltd. has a 1-year low of $9.25 and a 1-year high of $77.83. The stock has a market cap of $571.77 million, a PE ratio of 12.57, a P/E/G ratio of 1.28 and a beta of 2.48. The firm has a 50-day simple moving average of $13.59 and a two-hundred day simple moving average of $25.23. The company has a debt-to-equity ratio of 1.96, a current ratio of 4.06 and a quick ratio of 2.86.

ODDITY Tech (NASDAQ:ODD) last announced its quarterly 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 for the quarter, compared to analyst estimates of $187.87 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. ODDITY Tech’s revenue was down 26.2% on a year-over-year basis. As a group, analysts forecast that ODDITY Tech Ltd. will post 0.64 EPS for the current year.

ODDITY Tech Profile

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.