ODDITY Tech (NASDAQ:ODD) CFO Mann Lindsay Drucker Sells 9,604 Shares

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 9,604 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $12.85, for a total value of $123,411.40. Following the transaction, the chief financial officer directly owned 49,054 shares in the company, valued at approximately $630,343.90. The trade was a 16.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

ODDITY Tech Stock Performance

NASDAQ:ODD traded up $0.08 during mid-day trading on Thursday, reaching $13.48. The company’s stock had a trading volume of 135,446 shares, compared to its average volume of 2,150,513. The company has a current ratio of 5.24, a quick ratio of 4.06 and a debt-to-equity ratio of 1.47. The stock has a market cap of $776.23 million, a P/E ratio of 7.51, a PEG ratio of 1.75 and a beta of 3.54. The firm’s fifty day moving average price is $21.95 and its two-hundred day moving average price is $37.49. ODDITY Tech Ltd. has a 12-month low of $10.80 and a 12-month high of $79.18.

ODDITY Tech (NASDAQ:ODD) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. The firm had revenue of $152.73 million during the quarter, compared to analysts’ expectations of $151.11 million. ODDITY Tech had a net margin of 13.68% and a return on equity of 29.84%. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 earnings per share. On average, equities analysts forecast that ODDITY Tech Ltd. will post 1.62 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ODD. Barclays restated an “underweight” rating and issued a $13.00 price target (down from $40.00) on shares of ODDITY Tech in a research note on Thursday, February 26th. The Goldman Sachs Group reduced their price target on shares of ODDITY Tech from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. Truist Financial reissued a “hold” rating and issued a $18.00 price objective (down from $80.00) on shares of ODDITY Tech in a report on Wednesday, February 25th. Bank of America cut shares of ODDITY Tech from a “buy” rating to an “underperform” rating and set a $10.00 target price for the company. in a report on Thursday, February 26th. Finally, Evercore downgraded shares of ODDITY Tech from an “outperform” rating to an “in-line” rating and set a $23.00 price target on the stock. in a research report on Thursday, February 26th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $31.36.

Institutional Trading of ODDITY Tech

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wexford Capital LP purchased a new position in shares of ODDITY Tech during the 3rd quarter valued at about $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in ODDITY Tech by 134.8% in 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 ODDITY Tech during the 2nd quarter worth approximately $71,000. Quaker Wealth Management LLC lifted its holdings in ODDITY Tech by 530.3% during the third 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 in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of ODDITY Tech in the second quarter worth approximately $108,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

ODDITY Tech Company 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.