ODDITY Tech (NASDAQ:ODD) Rating Lowered to Strong Sell at Zacks Research

Key Points

• Zacks Research downgraded ODDITY Tech from a "hold" rating to a "strong sell" rating, indicating a significant change in sentiment about the stock's performance.
• The stock currently has a consensus rating of "Moderate Buy" with an average price target of $74.90 amid mixed ratings from other analysts, including several buy recommendations.
• ODDITY Tech reported an earnings beat with $0.92 EPS for the last quarter, surpassing analyst estimates, and showed a year-over-year revenue increase of 25.1%.

ODDITY Tech (NASDAQ:ODD - Get Free Report) was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Monday,Zacks.com reports.

ODD has been the topic of several other research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of ODDITY Tech in a research note on Saturday, September 27th. Needham & Company LLC started coverage on ODDITY Tech in a research note on Thursday, August 28th. They issued a "buy" rating and a $72.00 price objective on the stock. Bank of America raised their price objective on ODDITY Tech from $68.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Barclays raised their price objective on ODDITY Tech from $60.00 to $73.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Finally, Jefferies Financial Group began coverage on ODDITY Tech in a research report on Wednesday, September 24th. They set a "buy" rating and a $78.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.90.

ODDITY Tech Trading Down 0.5%

ODDITY Tech stock opened at $59.40 on Monday. ODDITY Tech has a one year low of $35.30 and a one year high of $79.18. The business's fifty day moving average is $61.56 and its 200 day moving average is $61.77. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.32 and a quick ratio of 5.57. The stock has a market capitalization of $3.32 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 2.84 and a beta of 3.21.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.04. ODDITY Tech had a return on equity of 32.17% and a net margin of 14.65%.The company had revenue of $241.14 million for the quarter, compared to the consensus estimate of $237.44 million. During the same quarter in the prior year, the company earned $0.82 earnings per share. ODDITY Tech's revenue was up 25.1% on a year-over-year basis. ODDITY Tech has set its Q3 2025 guidance at 0.330-0.360 EPS. FY 2025 guidance at 1.990-2.040 EPS. On average, sell-side analysts predict that ODDITY Tech will post 1.62 EPS for the current year.

Hedge Funds Weigh In On ODDITY Tech

Several institutional investors have recently added to or reduced their stakes in ODD. SG Americas Securities LLC purchased a new position in ODDITY Tech during the 1st quarter valued at approximately $662,000. Janney Montgomery Scott LLC purchased a new position in ODDITY Tech during the 1st quarter valued at approximately $400,000. Blue Trust Inc. boosted its holdings in shares of ODDITY Tech by 15.4% in the 1st quarter. Blue Trust Inc. now owns 7,573 shares of the company's stock worth $328,000 after purchasing an additional 1,008 shares during the period. Sheets Smith Wealth Management boosted its holdings in shares of ODDITY Tech by 1.5% in the 1st quarter. Sheets Smith Wealth Management now owns 20,792 shares of the company's stock worth $899,000 after purchasing an additional 315 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of ODDITY Tech in the 1st quarter worth approximately $3,904,000. Hedge funds and other institutional investors own 35.88% of the company's stock.

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.

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