ODDITY Tech (NASDAQ:ODD) Stock Price Target Raised at Truist Financial

Key Points

• Truist raised its price target on ODDITY Tech from $18 to $20 but maintained a Hold rating; the new target implies about 0.5% upside from the current share price.
• ODDITY beat quarterly estimates, reporting EPS of $0.37 versus $0.30 expected and revenue of about $145 million versus $140.5 million. The company also raised its full-year revenue and adjusted EBITDA outlook.
• Analyst sentiment remains cautious overall: MarketBeat lists a consensus “Reduce” rating, with ten Hold and three Sell ratings, and an average price target of $22.55.

ODDITY Tech (NASDAQ:ODD - Get Free Report) had its price objective lifted by investment analysts at Truist Financial from $18.00 to $20.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price objective would suggest a potential upside of 0.50% from the stock's current price.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group reissued a "sell" rating on shares of ODDITY Tech in a report on Wednesday. Bank of America reiterated an "underperform" rating on shares of ODDITY Tech in a research note on Thursday, September 10th. Weiss Ratings raised ODDITY Tech from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, October 9th. Jefferies Financial Group upped their price objective on ODDITY Tech from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Wednesday, September 9th. Finally, Needham & Company LLC restated a "hold" rating on shares of ODDITY Tech in a report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, ODDITY Tech has a consensus rating of "Reduce" and an average price target of $22.55.

ODDITY Tech Stock Up 2.1%

ODDITY Tech stock opened at $19.90 on Thursday. The stock's fifty day moving average is $19.59 and its two-hundred day moving average is $17.14. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 82.92 and a beta of 2.14. ODDITY Tech has a fifty-two week low of $9.25 and a fifty-two week high of $46.45. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.11 and a current ratio of 3.45.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last posted its quarterly earnings data on Wednesday, November 11th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.07. The company had revenue of $144.98 million during the quarter, compared to the consensus estimate of $140.53 million. ODDITY Tech had a net margin of 2.23% and a return on equity of 2.58%. During the same quarter in the prior year, the company posted $0.28 EPS. Analysts predict that ODDITY Tech will post -0.25 EPS for the current fiscal year.

Insider Activity

In related news, CFO Mann Drucker sold 21,571 shares of the company's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $15.14, for a total transaction of $326,584.94. Following the transaction, the chief financial officer directly owned 104,492 shares of the company's stock, valued at approximately $1,582,008.88. This represents a 17.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 90 days, insiders have sold 51,379 shares of company stock worth $765,474.

Institutional Investors Weigh In On ODDITY Tech

A number of hedge funds have recently made changes to their positions in the business. Pinnacle Wealth Planning Services Inc. boosted its stake in ODDITY Tech by 38.3% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 4,125 shares of the company's stock worth $77,000 after purchasing an additional 1,142 shares during the period. Sigma Planning Corp increased its position in shares of ODDITY Tech by 52.0% during the first quarter. Sigma Planning Corp now owns 10,535 shares of the company's stock valued at $141,000 after buying an additional 3,605 shares during the period. Signaturefd LLC lifted its position in ODDITY Tech by 72.0% during the third quarter. Signaturefd LLC now owns 9,814 shares of the company's stock valued at $183,000 after buying an additional 4,109 shares during the period. J. Safra Sarasin Holding AG raised its stake in ODDITY Tech by 132.6% during the first quarter. J. Safra Sarasin Holding AG now owns 20,000 shares of the company's stock valued at $268,000 after buying an additional 11,400 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in ODDITY Tech in the second quarter worth about $300,000. 35.88% of the stock is currently owned by institutional investors.

More ODDITY Tech News

These are some of the ODD news items that stood out recently:

• Positive Sentiment: Q3 adjusted earnings were $0.37 per share, ahead of analysts’ $0.30 estimate, while revenue of about $145 million topped the $140.5 million consensus. ODDITY also raised its full-year revenue and adjusted EBITDA outlook; its $660 million revenue forecast is above the roughly $656.6 million consensus. Earnings release
• Neutral Sentiment: The beat came despite Q3 revenue falling about 2% year over year, suggesting the recovery remains uneven. Fourth-quarter revenue guidance of $135.9 million to $137.5 million is broadly in line with the $136.8 million consensus. Earnings call highlights
• Negative Sentiment: Jefferies lowered its price target to $20, signaling limited perceived upside near the stock’s recent trading level and adding a cautious note alongside the results. Jefferies price-target update

About ODDITY Tech

ODDITY Tech Ltd. is a technology-driven consumer company that develops and operates digital-first beauty and wellness brands. Its portfolio includes IL MAKIAGE, which offers makeup and skincare products, and SpoiledChild, which focuses on beauty and wellness products. The company uses data analytics, artificial intelligence and other technology to support product development, personalized recommendations and online shopping. Its brands primarily sell directly to consumers through e-commerce platforms.

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