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 ...

Oddity Tech (ODD) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ODD broke through the 200-day moving average, which suggests a long-term bullish trend. The 200-day simple moving average is widely-used by traders and analysts, and helps establish market trends for stocks, commodities, indexes, and other financial instruments over the long term. The indicator moves higher or lower together with longer-term price moves, serving as a support ...

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 ...