If you purchased Oddity Tech stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. atjkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/oddity-tech/ to discuss your legal rights. Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholde ...

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 ...

Core Viewpoint - Oddity Tech's stock is experiencing significant declines following a short report from Ningi Research, which raises concerns about the company's claims and business practices [1][4]. Group 1: Allegations by Ningi Research - Ningi Research alleges that Oddity Tech operates over 40 physical retail locations in Israel, contradicting its portrayal as an online-only retailer [2]. - The report suggests that a substantial portion of Oddity Tech's business is derived from these physical locations, challenging the company's narrative of strong online sales in the U.S. [2]. - Ningi Research criticizes Oddity Tech's profit generation methods, claiming that customers are misled into non-cancelable subscriptions through deceptive AI quizzes [3]. Group 2: Stock Performance - Following the release of the short report, Oddity Tech's stock (ODD) has seen heavy trading, with over 2.6 million shares exchanged, surpassing its average daily volume of approximately 1.1 million shares [4]. - As of Tuesday morning, Oddity Tech's stock is down 14.7% for the day and has declined 21.6% year-to-date [4].

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 ...

Core Viewpoint - A short seller, Ningi Research, has accused Oddity Tech of misleading investors regarding its business model, claiming it is not solely an online retailer as advertised [1][4]. Company Allegations - Ningi Research published a report alleging that Oddity Tech operates over 40 physical stores in Israel, contradicting its claim of being a purely digital retailer [4]. - The report suggests that the majority of Oddity's profits are derived from its operations in Israel rather than the U.S. market [4]. - Ningi Research claims that Oddity's growth is significantly driven by subscription models that are difficult for consumers to cancel, leading to inflated repeat purchase rates [5]. Customer Complaints - The report highlights numerous complaints from customers regarding deceptive billing practices, with many alleging wrongful charges [6]. - Oddity's CEO, Oran Holtzman, acknowledged that a small percentage of customers may experience confusion regarding pre-authorizations related to their "Try before you buy" option [7][8]. - Holtzman stated that the company has invested in technology to educate users about its billing practices and improve customer experience [8]. Market Reaction - Following the allegations, Oddity's shares fell over 12% in premarket trading, indicating a negative market reaction to the news [3].

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 ...

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 ...

As Ulta Beauty says it expects a slowdown in retail's most resilient category, an upstart says it's bucking the trend. Oddity Tech – the newly public Israeli cosmetics platform that uses AI to develop products — posted first quarter results that blew past expectations and raised its full-year guidance. Here's how the beauty retailer behind the Il Makiage and Spoiled Child brands performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Earnings per share: 61 cents adju ...