ODDITY Tech (NASDAQ:ODD) Shares Up 5.9% Following Analyst Upgrade

Key Points

• ODDITY Tech shares rose 5.9% after Barclays raised its price target from $12 to $15, while maintaining an Underweight rating.
• Analyst opinions remain mixed: the consensus rating is “Reduce,” with an average price target of $23.45.
• The company beat quarterly estimates, reporting adjusted EPS of $0.37 versus $0.30 expected and revenue of $144.98 million versus $140.53 million expected.

ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) shares rose 5.9% during trading on Friday after Barclays raised their price target on the stock from $12.00 to $15.00. Barclays currently has an underweight rating on the stock. ODDITY Tech traded as high as $17.63 and last traded at $17.7140. Approximately 189,855 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 1,544,833 shares. The stock had previously closed at $16.73.

Other equities analysts have also recently issued reports about the company. Citigroup reiterated a "market perform" rating on shares of ODDITY Tech in a research report on Thursday, September 10th. Weiss Ratings upgraded ODDITY Tech from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, October 9th. JPMorgan Chase & Co. started coverage on ODDITY Tech in a research note on Monday, September 21st. They set a "neutral" rating and a $18.00 target price for the company. Bank of America reaffirmed an "underperform" rating on shares of ODDITY Tech in a report on Thursday, September 10th. Finally, Truist Financial boosted their price target on shares of ODDITY Tech from $18.00 to $20.00 and gave the stock a "hold" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $23.45.

Insider Transactions at ODDITY Tech

In other ODDITY Tech news, CFO Mann Drucker sold 21,571 shares of the company's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $15.14, for a total value of $326,584.94. Following the transaction, the chief financial officer owned 104,492 shares of the company's stock, valued at approximately $1,582,008.88. This represents a 17.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Insiders have sold a total of 51,379 shares of company stock valued at $765,474 in the last quarter.

Trending Headlines about ODDITY Tech

These are some of the ODD headlines that stood out recently:

• Positive Sentiment: ODDITY reported Q3 adjusted EPS of $0.37, topping the $0.30 consensus, while revenue also beat estimates. Coverage highlighted that the year-over-year revenue decline had nearly halted, helping underpin a more positive view of the recovery. Zacks Q3 results Q3 earnings analysis
• Neutral Sentiment: Analyst reactions were mixed. Truist lifted its target to $20 while maintaining a Hold rating; Needham reaffirmed Hold. Barclays raised its target to $15 but retained an Underweight rating, and Jefferies lowered its target to $20. The divided views suggest the earnings beat has not yet resolved concerns about the growth trajectory. Analyst forecasts
• Negative Sentiment: Despite beating estimates, Q3 earnings and revenue were lower year over year, and ODDITY revised its 2026 revenue outlook. Recent analysis describes the recovery as uneven and warns that growth is not assured, which could limit enthusiasm for the results and weigh on the stock. Results and outlook Recovery analysis

Hedge Funds Weigh In On ODDITY Tech

A number of hedge funds have recently modified their holdings of the stock. State Street Corp boosted its position in shares of ODDITY Tech by 123.5% in the 2nd quarter. State Street Corp now owns 836,446 shares of the company's stock valued at $12,655,000 after purchasing an additional 462,137 shares during the period. Rice Hall James & Associates LLC acquired a new stake in ODDITY Tech during the 1st quarter worth about $3,533,000. Landscape Capital Management L.L.C. raised its holdings in ODDITY Tech by 65.7% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 347,941 shares of the company's stock worth $6,493,000 after buying an additional 138,014 shares during the period. Empowered Funds LLC purchased a new stake in ODDITY Tech during the first quarter valued at about $1,275,000. Finally, Sparta 24 Ltd. purchased a new stake in ODDITY Tech during the first quarter valued at about $1,082,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

ODDITY Tech Stock Up 5.8%

The business's 50 day simple moving average is $19.63 and its 200 day simple moving average is $17.04. The company has a market capitalization of $1.02 billion, a PE ratio of 93.32 and a beta of 2.14. The company has a quick ratio of 2.11, a current ratio of 3.45 and a debt-to-equity ratio of 2.21.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last released its earnings results on Wednesday, November 11th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.07. The business had revenue of $144.98 million for the quarter, compared to the consensus estimate of $140.53 million. ODDITY Tech had a net margin of 1.27% and a return on equity of 0.63%. During the same period last year, the firm posted $0.28 earnings per share. As a group, analysts forecast that ODDITY Tech Ltd. will post -0.25 EPS for the current year.

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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