ODDITY Tech (NASDAQ:ODD) Rating Increased to Sell at Wall Street Zen

Key Points

• Wall Street Zen upgraded ODDITY Tech from “strong sell” to “sell,” while the broader analyst consensus remains “Reduce,” with 10 Hold ratings and four Sell ratings and a $27.23 average price target.
• ODDITY Tech’s shares rose 14.2% after the company reported quarterly EPS of $0.20 versus the $0.12 consensus and revenue of $180.52 million versus expectations of $178.23 million.
• Despite the earnings beat, revenue fell 24.9% year over year and net margin was just 2.23%; insiders have also sold 172,454 shares worth about $2.6 million over the past three months.

ODDITY Tech (NASDAQ:ODD - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research report issued on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently issued reports on the stock. Truist Financial boosted their price objective on shares of ODDITY Tech from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Thursday. Zacks Research raised ODDITY Tech from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Morgan Stanley raised their price objective on ODDITY Tech from $10.00 to $16.50 and gave the stock an "equal weight" rating in a report on Thursday. Jefferies Financial Group lifted their target price on ODDITY Tech from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Wednesday. Finally, The Goldman Sachs Group cut ODDITY Tech from a "hold" rating to a "sell" rating and lowered their target price for the stock from $16.00 to $8.00 in a report on Wednesday, June 3rd. Ten analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $27.23.

ODDITY Tech Stock Up 14.2%

NASDAQ:ODD opened at $18.28 on Friday. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 76.17 and a beta of 2.38. ODDITY Tech has a twelve month low of $9.25 and a twelve month high of $64.23. The company has a current ratio of 3.45, a quick ratio of 2.86 and a debt-to-equity ratio of 2.21. The stock has a fifty day simple moving average of $14.94 and a 200-day simple moving average of $14.23.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last posted its quarterly earnings results on Wednesday, September 9th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.08. The firm had revenue of $180.52 million for the quarter, compared to analysts' expectations of $178.23 million. ODDITY Tech had a net margin of 2.23% and a return on equity of 2.58%. The business's revenue for the quarter was down 24.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. Analysts anticipate that ODDITY Tech will post -0.55 EPS for the current year.

Insider Buying and Selling at ODDITY Tech

In other news, CFO Mann Drucker sold 7,717 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $15.09, for a total transaction of $116,449.53. Following the transaction, the chief financial officer directly owned 116,135 shares in the company, valued at approximately $1,752,477.15. This trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 172,454 shares of company stock valued at $2,592,610.

Hedge Funds Weigh In On ODDITY Tech

A number of large investors have recently bought and sold shares of the business. Morgan Stanley raised its holdings in ODDITY Tech by 13.9% in the fourth quarter. Morgan Stanley now owns 4,305,565 shares of the company's stock worth $172,998,000 after purchasing an additional 525,481 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of ODDITY Tech by 115.0% during the fourth quarter. Janus Henderson Group PLC now owns 2,423,917 shares of the company's stock worth $97,379,000 after purchasing an additional 1,296,551 shares in the last quarter. Granahan Investment Management LLC increased its position in shares of ODDITY Tech by 1.1% during the fourth quarter. Granahan Investment Management LLC now owns 1,523,204 shares of the company's stock worth $61,202,000 after purchasing an additional 16,747 shares in the last quarter. Ashford Capital Management Inc. lifted its holdings in shares of ODDITY Tech by 25.0% during the 4th quarter. Ashford Capital Management Inc. now owns 685,972 shares of the company's stock valued at $27,562,000 after purchasing an additional 137,380 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of ODDITY Tech by 1,432.4% during the 2nd quarter. California State Teachers Retirement System now owns 664,752 shares of the company's stock valued at $10,058,000 after purchasing an additional 621,371 shares during the last quarter. Institutional investors own 35.88% of the company's stock.

Trending Headlines about ODDITY Tech

Here are the key news stories impacting ODDITY Tech this week:

• Positive Sentiment: ODDITY Tech reported quarterly earnings of $0.20 per share, exceeding the $0.12 consensus estimate, while revenue of $180.52 million also came in ahead of expectations. The earnings surprise appears to be the primary catalyst behind the stock’s upward move. ODDITY Tech Shares Gap Up Following Earnings Beat
• Positive Sentiment: Jefferies Financial Group indicated that ODDITY Tech’s stock is expected to rise, adding to the bullish interpretation of the earnings results. ODDITY Tech Stock Price Expected to Rise
• Positive Sentiment: An investment analysis highlighted turnaround potential from improving customer-acquisition costs, growth at SpoiledChild, and longer-term opportunities from METHODIQ and Labs. ODDITY’s discounted, zero-coupon convertible debt may also provide financial flexibility. Oddity Tech Turnaround Potential and Discounted Debt Value Lever
• Neutral Sentiment: Morgan Stanley raised its price target from $10.00 to $16.50 but retained an Equal Weight rating, while Truist lifted its target from $16.00 to $18.00 and maintained a Hold rating. The increases suggest improved expectations, but both targets remain at or below the recent trading level.
• Neutral Sentiment: Needham reaffirmed its Hold rating, indicating that the earnings beat has not yet changed its broader view of the company.
• Negative Sentiment: Despite the earnings beat, revenue declined 24.9% year over year and quarterly earnings fell sharply from $0.92 per share in the prior-year period. The company’s net margin was only 2.23%, underscoring ongoing profitability concerns. Oddity Tech Reveals Drop in Q2 Bottom Line
• Negative Sentiment: Barclays issued a Sell rating, adding a significant bearish voice as investors assess whether the reported improvement represents a durable recovery. ODDITY Tech Receives a Sell from Barclays

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.

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