Key Points
- ODDITY Tech CFO Mann Lindsay Drucker sold 3,493 shares for approximately $52,430 at an average price of $15.01 under a pre-arranged Rule 10b5-1 trading plan. Following the sale, Drucker retained 104,492 shares, a 3.23% reduction in holdings.
- The company recently reported a quarterly loss of $0.17 per share, missing estimates by $0.13, although revenue of $197.94 million exceeded forecasts. Revenue fell 26.2% year over year.
- Analyst sentiment is cautious: ODDITY has a consensus “Reduce” rating, with nine analysts at “Hold” and four at “Sell”; several firms recently lowered price targets, including Goldman Sachs and Barclays.
ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) CFO Mann Lindsay Drucker sold 3,493 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $15.01, for a total value of $52,429.93. Following the completion of the transaction, the chief financial officer owned 104,492 shares in the company, valued at $1,568,424.92. This represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mann Lindsay Drucker also recently made the following trade(s):
- On Wednesday, August 5th, Mann Lindsay Drucker sold 11,473 shares of ODDITY Tech stock. The stock was sold at an average price of $15.10, for a total transaction of $173,242.30.
- 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 shares were sold at an average price of $13.44, for a total transaction of $129,064.32.
ODDITY Tech Price Performance
Shares of NASDAQ:ODD opened at $14.99 on Friday. The company has a current ratio of 4.06, a quick ratio of 2.86 and a debt-to-equity ratio of 1.96. ODDITY Tech Ltd. has a 1 year low of $9.25 and a 1 year high of $64.23. The business has a fifty day simple moving average of $14.91 and a 200 day simple moving average of $15.25. The firm has a market cap of $863.12 million, a price-to-earnings ratio of 18.97 and a beta of 2.38.
ODDITY Tech (NASDAQ:ODD - Get Free Report) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The firm had revenue of $197.94 million during the quarter, compared to the consensus estimate of $187.87 million. ODDITY Tech had a net margin of 6.97% and a return on equity of 15.38%. The company's quarterly revenue was down 26.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. As a group, sell-side analysts predict that ODDITY Tech Ltd. will post -0.55 earnings per share for the current fiscal year.
Hedge Funds Weigh In On ODDITY Tech
Several large investors have recently bought and sold shares of the stock. Empowered Funds LLC bought a new position in shares of ODDITY Tech during the 1st quarter worth about $1,275,000. Rice Hall James & Associates LLC bought a new stake in shares of ODDITY Tech in the first quarter valued at about $3,533,000. Halter Ferguson Financial Inc. acquired a new stake in ODDITY Tech during the first quarter worth about $2,789,000. Sparta 24 Ltd. bought a new position in ODDITY Tech during the first quarter valued at about $1,082,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of ODDITY Tech by 32.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 121,185 shares of the company's stock worth $1,621,000 after acquiring an additional 30,000 shares during the period. 35.88% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
ODD has been the topic of several recent research reports. Truist Financial cut their target price on ODDITY Tech from $18.00 to $12.00 and set a "hold" rating on the stock in a report on Wednesday, June 3rd. The Goldman Sachs Group downgraded ODDITY Tech from a "hold" rating to a "sell" rating and cut their price objective for the company from $16.00 to $8.00 in a research note on Wednesday, June 3rd. Barclays decreased their target price on ODDITY Tech from $13.00 to $8.00 and set an "underweight" rating for the company in a research report on Wednesday, June 3rd. Needham & Company LLC restated a "hold" rating on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Finally, KeyCorp reiterated a "sector weight" rating on shares of ODDITY Tech in a research note on Wednesday, June 3rd. Nine equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, ODDITY Tech presently has a consensus rating of "Reduce" and a consensus target price of $25.39.
Check Out Our Latest Report on ODDITY Tech
About ODDITY Tech
(
Get Free Report)
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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