ODDITY Tech (NASDAQ:ODD) CFO Mann Lindsay Drucker Sells 11,473 Shares

ODDITY Tech Ltd. (NASDAQ:ODD) CFO Mann Lindsay Drucker sold 11,473 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $15.10, for a total transaction of $173,242.30. Following the sale, the chief financial officer owned 104,492 shares of the company’s stock, valued at approximately $1,577,829.20. This represents a 9.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 stock was 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 $15.22 on Thursday. The company has a 50-day simple moving average of $14.30 and a 200-day simple moving average of $17.53. ODDITY Tech Ltd. has a one year low of $9.25 and a one year high of $64.23. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.86 and a current ratio of 4.06. The stock has a market capitalization of $876.29 million, a price-to-earnings ratio of 19.27 and a beta of 2.38.

ODDITY Tech (NASDAQ:ODD) last announced its earnings results on Tuesday, June 2nd. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.13). ODDITY Tech had a return on equity of 15.38% and a net margin of 6.97%.The business had revenue of $197.94 million for the quarter, compared to analyst estimates of $187.87 million. During the same quarter last year, the company posted $0.69 EPS. ODDITY Tech’s quarterly revenue was down 26.2% on a year-over-year basis. On average, analysts predict that ODDITY Tech Ltd. will post -0.55 EPS for the current year.

Hedge Funds Weigh In On ODDITY Tech

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wexford Capital LP purchased a new position in shares of ODDITY Tech during the 3rd quarter worth approximately $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 buying an additional 651 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of ODDITY Tech in the second quarter valued at approximately $71,000. SG Americas Securities LLC acquired a new position in ODDITY Tech during the first quarter worth $104,000. Finally, Headlands Technologies LLC acquired a new position in ODDITY Tech during the second quarter worth $108,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Analyst Upgrades and Downgrades

ODD has been the topic of a number of recent research reports. Wall Street Zen lowered ODDITY Tech from a “sell” rating to a “strong sell” rating in a report on Saturday, April 18th. Barclays decreased their price target on ODDITY Tech from $13.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, June 3rd. The Goldman Sachs Group lowered shares of ODDITY Tech from a “hold” rating to a “sell” rating and lowered their price objective for the company from $16.00 to $8.00 in a research report on Wednesday, June 3rd. Needham & Company LLC reissued a “hold” rating on shares of ODDITY Tech in a research note on Tuesday, June 2nd. Finally, KeyCorp restated a “sector weight” rating on shares of ODDITY Tech in a research report on Wednesday, June 3rd. Eight equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $25.39.

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. The company sells beauty, hair, and skin products under the IL MAKIAGE and SpoiledChild brands.