Oddity Tech .(US:ODD) Globenewswire·2026-03-16 12:41Core Viewpoint - A class action lawsuit has been filed against Oddity Tech Ltd. by Berger Montague on behalf of investors who acquired shares during the specified Class Period, alleging misleading information regarding the company's digital operating model and its financial performance [1][3]. Company Overview - Oddity Tech, based in Tel Aviv, Israel, operates as a consumer technology platform that develops and scales digital-first beauty and wellness brands utilizing proprietary data science and artificial intelligence [2]. Allegations and Financial Impact - The lawsuit claims that Oddity Tech did not disclose risks associated with an algorithm change from its largest advertising partner, which could lead to higher customer acquisition costs and negatively affect financial performance [3]. - On February 25, 2026, Oddity Tech revealed a "dislocation" with its advertising partner due to algorithm changes, resulting in a projected revenue decline of approximately 30% year-over-year for Q1 2026 [4]. - Following this announcement, Oddity Tech's Class A ordinary share price dropped by $14.28, or 49.21%, closing at $14.74 per share [5].