Key Points
- CFO Mann Lindsay Drucker sold 11,473 ODDITY Tech shares at an average price of $15.10, generating $173,242.30. The sale reduced his holdings by 9.89% and was made to cover tax withholding related to vested equity awards.
- ODDITY Tech reported quarterly revenue of $197.94 million, above expectations, but missed EPS estimates and revenue fell 26.2% year over year. The stock opened at $15.22, with a market capitalization of approximately $876 million.
- Analyst sentiment remains weak: eight analysts rate the stock Hold and five rate it Sell, producing a consensus “Reduce” rating. Goldman Sachs cut its rating to Sell and lowered its price target to $8.00.
ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) CFO Mann Lindsay Drucker sold 11,473 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $15.10, for a total transaction of $173,242.30. Following the completion of the transaction, the chief financial officer owned 104,492 shares of the company's stock, valued at $1,577,829.20. This represents a 9.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Mann Lindsay Drucker also recently made the following trade(s):
- On Tuesday, June 30th, Mann Lindsay Drucker sold 109,602 shares of ODDITY Tech stock. The shares were sold at an average price of $15.09, for a total transaction of $1,653,894.18.
- On Monday, June 1st, Mann Lindsay Drucker sold 9,603 shares of ODDITY Tech stock. The stock was sold at an average price of $13.44, for a total transaction of $129,064.32.
ODDITY Tech Stock Down 0.6%
ODD stock opened at $15.22 on Thursday. The company has a current ratio of 4.06, a quick ratio of 2.86 and a debt-to-equity ratio of 1.96. The company's 50-day moving average price is $14.30 and its 200 day moving average price is $17.53. ODDITY Tech Ltd. has a 52 week low of $9.25 and a 52 week high of $64.23. The company has a market cap of $876.29 million, a P/E ratio of 19.27 and a beta of 2.38.
ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued its earnings results on Tuesday, June 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.13). ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. The company had revenue of $197.94 million during the quarter, compared to analysts' expectations of $187.87 million. During the same period last year, the business posted $0.69 earnings per share. The company's quarterly revenue was down 26.2% on a year-over-year basis. On average, research analysts expect that ODDITY Tech Ltd. will post -0.55 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Wexford Capital LP acquired a new stake in shares of ODDITY Tech during the third quarter worth $40,000. Legal & General Group Plc purchased a new stake in shares of ODDITY Tech in the second quarter valued at $71,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in ODDITY Tech by 134.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,134 shares of the company's stock valued at $69,000 after purchasing an additional 651 shares during the last quarter. Headlands Technologies LLC acquired a new position in ODDITY Tech in the second quarter valued at $108,000. Finally, Thrivent Financial for Lutherans purchased a new position in ODDITY Tech during the second quarter worth about $225,000. Hedge funds and other institutional investors own 35.88% of the company's stock.
Analyst Ratings Changes
A number of analysts recently commented on ODD shares. KeyCorp reaffirmed a "sector weight" rating on shares of ODDITY Tech in a research note on Wednesday, June 3rd. The Goldman Sachs Group downgraded shares of ODDITY Tech from a "hold" rating to a "sell" rating and cut their target price for the company from $16.00 to $8.00 in a research note on Wednesday, June 3rd. Needham & Company LLC restated a "hold" rating on shares of ODDITY Tech in a report on Tuesday, June 2nd. Zacks Research cut shares of ODDITY Tech from a "hold" rating to a "strong sell" rating in a research note on Monday, June 29th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $10.25 price target on shares of ODDITY Tech in a report on Tuesday, June 2nd. Eight equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $25.39.
Get Our Latest Analysis on ODD
ODDITY Tech Company Profile
(
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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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