NEW YORK, July 24, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against ODDITY Tech Ltd. ("Oddity" or the "Company") (NASDAQ: ODD) and certain officers and directors. The class action, filed in the United States District Court for the Eastern District of New York, and docketed under 24-cv-05037, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Oddity securities between July 19, 2023 and May 20 ...

Investors who purchased the Company's securities between July 19, 2023 and May 20, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before September 17, 2024. According to the Complaint, the Company made false and misleading statements to the market. Oddity overstated the extent of its AI capabilities and how its tech drove revenue. The Company's revenues were derived from deceptive sales and advertising practices. The Company understated the extent of civil litigation it was involve ...

NEW YORK, July 23, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of all purchasers of securities of Oddity Tech Ltd. (NASDAQ: ODD) between July 19, 2023 and May 20, 2024. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by September 17, 2024. To join the Oddity class action, go to https://rosenlegal.com/submit-form/?case_id=27381 or call Phillip Kim, Esq. toll-free at 86 ...

NEW YORK, July 17, 2024 /PRNewswire/ -- ODDITY Tech Ltd. ("ODDITY") (NASDAQ: ODD), the consumer tech platform behind IL MAKIAGE and SpoiledChild that is built to transform the global beauty and wellness market, today announced that it will release its second quarter 2024 financial results after the market close on Wednesday, August 7, 2024, to be followed by a conference call on Thursday, August 8, 2024, at 8:30 a.m. Eastern Time. To participate in the conference call, please dial 1-800-343-5172 (US) or 1-2 ...

NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (the "Company") announced the appointment today of Yehoshua (Shuki) Nir as an independent Director of the Company and member of the Audit Committee, effective immediately. Oran Holtzman, co-founder and CEO of ODDITY said, "We are delighted to welcome Shuki as the newest member of ODDITY's board. His broad experience both as director and executive will be an invaluable asset to our board. I know Shuki shares my vision for ODDITY as a market leader ...

LOS ANGELES, July 15, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Investors Oddity Tech Ltd. (ODD) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Investors Oddity Tech Ltd. (ODD) investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. On May 21, 2024, NINGI Research published a report alleging, among other things, that Oddity has "misrepresented itself as an 'online-only' ...

The average comprises seven short-term price targets ranging from a low of $42 to a high of $66, with a standard deviation of $8.87. While the lowest estimate indicates an increase of 6.5% from the current price level, the most optimistic estimate points to a 67.4% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. However, an impressive consensus pric ...

Management reports that the business is doing better than expected and now it's rewarding shareholders. Shares of technology-enhanced cosmetics platform Oddity Tech (ODD 21.27%) soared on Friday after the company raised its guidance for the second quarter of 2024 and announced a stock buyback program. As of 2:40 p.m. ET, Oddity Tech stock was up a whopping 22%. Here's why investors are cheering I'm not trying to be sound alarmist, but the timing of this announcement from Oddity Tech is noteworthy. Just week ...

Net revenue of approximately $189 million, representing year-over-year growth of 25%. Gross margin of approximately 71.0%. Adjusted EBITDA of approximately $60 million. Adjusted diluted EPS approximately $0.69. Non-GAAP Financial Measures ODDITY defines "Adjusted EBITDA" as net income before financial expenses (income), net, taxes on income, and depreciation and amortization as further adjusted to exclude share-based compensation expense and nonrecurring items. ODDITY believes Adjusted EBITDA is useful for ...

The financial outlook figures presented above are forward-looking statements that are subject to a variety of assumptions and estimates. Actual results may differ materially from ODDITY's financial outlook as a result of, among other things, the factors described under "Forward-Looking Statements" below. Non-GAAP Financial Measures In addition to the GAAP financial measures set forth in this press release, ODDITY has included the following non-GAAP financial measures: Adjusted EBITDA and Adjusted diluted EP ...