Globenewswire·2026-03-16 23:28Core Viewpoint - A securities class action lawsuit has been filed against ODDITY Tech. Ltd. due to a significant decline in its stock price and a projected revenue drop, alleging violations of federal securities laws [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to represent investors who purchased ODDITY securities between February 26, 2025, and February 24, 2026 [1]. - The lawsuit was prompted by a 49% decline in the price of ODDITY American Depositary Shares on February 25, 2026, which resulted in a loss of over $600 million in market capitalization [2]. - Hagens Berman, a national shareholders rights firm, is investigating claims that ODDITY made false and misleading statements regarding its business operations [2][3]. Group 2: Financial Performance and Impact - ODDITY announced an expected 30% year-over-year decline in Q1 2026 revenue, which contributed to the stock selloff [2][6]. - The company attributed the revenue decline to a dislocation with its largest advertising partner, which led to increased customer acquisition costs and negatively impacted its financial prospects [4][5]. - During an earnings call, management acknowledged observing issues in the second half of 2025 but did not specify when the problems began [6]. Group 3: Allegations and Investigations - The complaint alleges that ODDITY overstated the strength and sustainability of its digital operating model while failing to disclose critical information about an algorithm change by its advertising partner [3][4]. - Hagens Berman is investigating when ODDITY first became aware of the dislocation issue and whether it misled investors regarding its growth potential [7].