Group 1 - The Gross Law Firm is notifying shareholders of ODDITY Tech Ltd. regarding a class action lawsuit related to misleading statements made by the company during the class period from July 19, 2023, to May 20, 2024 [3][4]. - Allegations against ODDITY include overstating its AI technology capabilities, deriving revenues from unsustainable sales practices, and downplaying ongoing civil litigation [4]. - Shareholders are encouraged to register for the class action by the deadline of September 17, 2024, to potentially recover losses incurred due to the alleged misleading statements [2][5]. Group 2 - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [2]. - Once registered, shareholders will receive updates through portfolio monitoring software regarding the status of the case [5]. - Participation in the case does not require any cost or obligation from the shareholders [5].

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Oddity overstated its AI technology and capabilities, and/or the extent to which this technology drove the Company's sales; (ii) Oddity's repeat purchase rates and revenues were, at least in part, derived from unsustainable and deceptive sales and advertising practices; (iii) Oddity downplayed the true scope and severity of ongoing civil litigat ...

Core Viewpoint - A class action lawsuit has been filed against Oddity Tech Ltd. and certain officers for alleged violations of federal securities laws during the Class Period from July 19, 2023, to May 20, 2024, seeking damages for affected investors [1][6]. Group 1: Company Overview - Oddity Tech Ltd. is described as a consumer tech platform aimed at transforming the global beauty and wellness market through an AI-driven online platform [3]. - The company conducted its initial public offering (IPO) on July 19, 2023, issuing over 12 million Class A ordinary shares at an offering price of $35.00 per share, raising approximately $57.26 million for the company and $337.83 million for certain selling shareholders [4]. Group 2: Allegations and Misconduct - The lawsuit alleges that Oddity made materially false and misleading statements regarding its business operations, including overstating its AI technology capabilities and the sustainability of its sales practices [6]. - A report by NINGI Research claimed that Oddity misled investors about critical aspects of its business, including the nature of its AI technology and the legitimacy of its repeat purchase rates, which were allegedly tied to deceptive sales practices [7]. Group 3: Market Reaction - Following the release of the NINGI Report, Oddity's Class A ordinary share price fell by $3.02, or 7.37%, closing at $37.97 on May 21, 2024, and continued to decline by an additional $1.30, or 3.42%, over the next two trading sessions [8].

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 ...

Core Viewpoint - A class action lawsuit has been filed against Oddity Tech Ltd. for allegedly misleading investors regarding its business operations and financial performance [1][3]. Group 1: Lawsuit Details - The class action is on behalf of all purchasers of Oddity Tech securities between July 19, 2023, and May 20, 2024 [1]. - Shareholders wishing to serve as lead plaintiff must file motions by September 17, 2024 [1][4]. - The lawsuit claims that Oddity overstated its AI technology capabilities and the impact on sales [3]. Group 2: Allegations Against Oddity Tech - Allegations include that Oddity's repeat purchase rates and revenues were derived from unsustainable and deceptive sales practices [3]. - The company allegedly downplayed the severity of ongoing civil litigation against itself and its subsidiaries [3]. - The lawsuit asserts that Oddity's public statements were materially false and misleading throughout the class period [3]. Group 3: Participation Information - Shareholders can join the class action by submitting a form or contacting the Rosen Law Firm [2][4]. - A lead plaintiff represents other class members in directing the litigation, but participation is not required for recovery [4]. - All representation is on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is successful [4].

ATLANTA, July 22, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against officers of Oddity Tech Ltd. ("Oddity Tech" or the "Company") (NASDAQ: ODD). The lawsuit alleges Defendants made materially false and/or misleading statements regarding the Company's business, operations, and compliance policies, and/or failed to disclose that: (i) Oddity Tech overstated its AI technology and capabilities, and/or the extent to which this technology drove the Company's sales; (ii) Oddity Tech ...

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 ...