NEW YORK, May 21, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (NASDAQ: ODD) While ODDITY doesn't engage with self-interested short sellers and hostile interests, the level of deep misinformation in this report cannot go unanswered. ODDITY fundamentally rejects the short seller report. The allegations contained in the report by NINGI Research are based on demonstrable factual inaccuracies, incorrect assumptions, and unfounded and malicious speculation. The short seller report was published without any involvem ...

NEW YORK, May 21, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (NASDAQ: ODD) While ODDITY doesn't engage with self-interested short sellers and hostile interests, the level of deep misinformation in this report cannot go unanswered. ODDITY fundamentally rejects the short seller report. The allegations contained in the report by NINGI Research are based on demonstrable factual inaccuracies, incorrect assumptions, and unfounded and malicious speculation. The short seller report was published without any involvem ...

Oddity Tech (NASDAQ:ODD) stock is taking a beating on Tuesday after the consumer tech company's shares were hit hard by a short report from Ningi Research. The short report from Ningi Research highlights a few alleged problems that the firm has with Oddity Tech. That includes its claims of being an online-only retailer. Ningi Research denies this by saying that the company operates a fleet of physical retail locations. Ningi Research alledges that Oddity Tech actually operates more than 40 physical retail l ...

Shares of Oddity Tech (ODD) have gained 25.3% over the past four weeks to close the last trading session at $40.99, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $52 indicates a potential upside of 26.9%. The average comprises eight short-term price targets ranging from a low of $42 to a high of $66, with a standard deviation of $8.02. While the lowest estimate indicates an in ...

The firm, Ningi Research, published a 50-page report that details a slew of allegations against the newly-public retailer, including that it runs a fleet of stores in Israel and engages in deceptive billing practices. Ningi has a short position in Oddity, but didn't disclose the size of that position. A short seller on Tuesday alleged that beauty and wellness company Oddity Tech has been misleading investors and isn't the online-only retailer it's claimed to be. Oddity Tech, the parent company of makeup bra ...

Vertigo3d Oddity Tech (NASDAQ:ODD) is a consumer tech company that sells beauty products using a DTC model by leveraging machine learning, AI and other technologies. The company, which IPO'd in 2023 at $35 and is headquartered in Israel, is not only attractive because of its strategy to disrupt the behemoth beauty industry, but can also boast a promising valuation coupled with an impressive record of growth. Beauty + AI + Data = Money? On initial inspection of Oddity, it might appear unclear whether it is a ...

Current-Year Estimate Revisions For the full year, the earnings estimate of $1.62 per share represents a change of +23.66% from the year-ago number. Current-Quarter Estimate Revisions Oddity Tech (ODD) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. The upward trend in estimate revisions for this online retailer of co ...

I'll just add on to that, Lauren. So I think it's really important to remember that, first of all, we are tiny in a huge market. And number two, our demo is expansive, okay? So if you look at on a safe basis across the United States, we are almost evenly perfectly aligned with that distribution. We have a big portion of our customers that are under 30. A big portion of that are over 50, a big portion that are right in the middle. We service upper, middle and lower income. We see people trading in from luxur ...

and growth and other data about the Company's industry and estimated total addressable market. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Neither the Company nor any other person makes any representation as to the accuracy or completeness of such data or undertakes any obligation to update such data after the date of this presentation. In addition, projections, assumptions, and estimates of our future performance and the futu ...

Oddity Tech (ODD) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 24.49%. A quarter ago, it was expected that this online retailer of cosmetics and beauty products would post earnings of $0.12 per share when it actually produced earnings of $0.17, delivering a surprise of 41.67%.Over ...