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 and I look forward to working with him as we unlock the tremendous potential ahead." Mr. Nir brings more than two decades of strategic leadership experience to the Company's board. He

NEW YORK, Aug. 24, 2023 (GLOBE NEWSWIRE) -- ODDITY, the consumer technology platform behind IL MAKIAGE and SpoiledChild which is transforming the global beauty and wellness market, today announces the appointment of Gil Efrati to the role of CEO of SpoiledChild. As CEO, Efrati will build upon the brand's explosive multicategory growth and deliver against the objective of becoming the world's largest wellness brand. Efrati will report to ODDITY CEO Oran Holtzman. Efrati brings an outstanding track record and experience in ecommerce. He joins ODDITY from Resident, where as CMO Efrati scaled the business to become the world's largest and most profitable online mattress company. Prior to Re

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NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (NASDAQ:ODD) today announced that it has entered into a transaction with a fund managed by L Catterton ("L Catterton") to repurchase approximately 2.35 million Class A Ordinary Shares (the "Shares") of the Company for a total cash consideration of approximately $100 million, at a purchase price of $42.501 per share. The transaction will be funded from the Company's existing cash resources. ODDITY's board of directors determined that the repurchase is in the best interest of the Company given the significant strength of the Company's balance sheet and the prevailing circumstances. The transaction is independent of the Company's s

Record third quarter net revenue of $119 million, up 26% year-over-yearRecord third quarter adjusted EBITDA of $25 millionRecord third quarter net income of $18 million, up 362% year-over-year, and record third quarter adjusted net income of $20 million, up 53% year-over-yearRecord nine-month net revenue of $523 million, up 27% year-over-yearRecord nine-month adjusted EBITDA of $135 millionRecord nine-month net operating cash flow of $122 million and free cash flow of $119 million NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (NASDAQ:ODD) today announced its financial results for the third quarter ended September 30, 2024. "The beauty industry is transforming, and we belie

NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- 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 third quarter 2024 financial results after the market close on Wednesday, November 6, 2024, to be followed by a conference call on Thursday, November 7, 2024, at 8:30 a.m. Eastern Time. Conference Call Details: To participate in the conference call, please dial 1-800-717-1738 (US) or 1-646-307-1865 (international). The access code for the conference call is 24334. A webcast of the call will be accessible on the Investors section of O

Record second quarter net revenue of $193 million, up 27% year-over-yearRecord second quarter adjusted EBITDA of $62 million, up 49% year-over-yearRecord second quarter net income of $45 million, up 52% year-over-year, and record second quarter adjusted net income of $51 million, up 58% year-over-yearRecord first half net operating cash flow of $105 million and free cash flow of $104 millionAnnounces Ido Bachelet as Chief Science OfficerNEW YORK, Aug 7, 2024 /PRNewswire/ -- ODDITY Tech Ltd. (NASDAQ:ODD) today announced its financial results for the second quarter ended June 30, 2024.

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. Conference Call Details: To participate in the conference call, please dial 1-800-343-5172 (US) or 1-203-518-9856 (international). The access code fo

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 and I look forward to working with him as we unlock the tremendous potential ahead." Mr. Nir brings more than two decades of strategic leadership experience to the Company's board. He

NEW YORK, June 07, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (NASDAQ:ODD) today announced that its Board of Directors has approved a share buyback program authorizing the repurchasing on the open market of a maximum of $150 million of the Company's Class A Ordinary Shares (the "Buyback Plan"), subject to market conditions, legal and regulatory constraints, the terms of the Plan, and other strategic priorities. The Buyback Plan will expire on June 30, 2027 or once the allocated funds have been fully deployed, subject to any future modifications by the Board. ODDITY currently has over $250 million of cash, cash equivalents, and investments on its balance sheet. It has zero financial debt,

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 involvement by ODDITY. The main allegation in the report that the Israeli brick-and-mortar business is a significant portion of ODDITY's revenue and EBITDA is a complete falsehood. ODDITY's pa

Record first quarter net revenue of $212 million, up 28% year-over-yearRecord first quarter net income of $33 million, up 68% year-over-year, and record first quarter adjusted net income of $38 million, up 82% year-over-yearRecord first quarter adjusted EBITDA of $48 million, up 69% year-over-yearRecord first quarter free cash flow of $79 million NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (NASDAQ:ODD) today announced its financial results for the first quarter ended March 31, 2024. "We delivered our most important quarter of the year with outstanding revenue growth and profitability," said Oran Holtzman, ODDITY co-founder and CEO. "We delivered across all metrics and

NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- 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 first quarter 2024 financial results after the market close on Tuesday, May 7, 2024, to be followed by a conference call on Wednesday, May 8, 2024, at 8:30 a.m. Eastern Time. Conference Call Details: To participate in the conference call, please dial 1-877-407-9208 (US) or 1-201-493-6784 (international). A webcast of the call will be accessible on the Investors section of ODDITY's website at https://investors.oddity.com. A recording wil

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Evercore ISI initiated coverage of ODDITY Tech Ltd. with a rating of Outperform and set a new price target of $57.00

BofA Securities upgraded ODDITY Tech Ltd. from Neutral to Buy and set a new price target of $37.00 from $60.00 previously

Truist upgraded ODDITY Tech Ltd. from Hold to Buy and set a new price target of $54.00

Barclays initiated coverage of ODDITY Tech Ltd. with a rating of Equal Weight and set a new price target of $57.00

KeyBanc Capital Markets initiated coverage of ODDITY Tech Ltd. with a rating of Overweight and set a new price target of $60.00

Goldman initiated coverage of ODDITY Tech Ltd. with a rating of Neutral and set a new price target of $59.00

JMP Securities initiated coverage of ODDITY Tech Ltd. with a rating of Mkt Outperform and set a new price target of $66.00

Morgan Stanley initiated coverage of ODDITY Tech Ltd. with a rating of Equal-Weight and set a new price target of $57.00

BofA Securities initiated coverage of ODDITY Tech Ltd. with a rating of Neutral and set a new price target of $60.00

Truist initiated coverage of ODDITY Tech Ltd. with a rating of Hold and set a new price target of $54.00

Barclays analyst Lauren Lieberman maintains ODDITY Tech (NASDAQ:ODD) with a Equal-Weight and lowers the price target from $42 to $40.

Truist Securities analyst Youssef Squali maintains ODDITY Tech (NASDAQ:ODD) with a Buy and raises the price target from $58 to $60.

Shares of GameStop Corp. (NYSE:GME) fell sharply during Friday's session after the company released worse-than-expected first-quarter results before schedule and filed to sell up to 75 million shares. GameStop released its first-quarter 2024 results early Friday ahead of its scheduled June 11 date. The company reported net sales of $881.8 million, down from $1.237 billion year-over-year. The net sales total missed a consensus estimate of $995.3 million. The company reported a loss of 12 cents per share, missing the estimate of a loss of 9 cents per share, according to data from Benzinga Pro. GameStop shares dipped 22.5% to $36.07 on Friday. Here are some other stocks moving in today

Truist Securities analyst Youssef Squali reiterates ODDITY Tech (NASDAQ:ODD) with a Buy and maintains $58 price target.

ODDITY Tech Ltd. (NASDAQ:ODD) shares are trading higher after the company approved a share buyback and raised its second-quarter guidance. Buyback: The company’s Board approved a share buyback program, authorizing the repurchase of up to $150 million of the company shares. ODDITY presently holds over $250 million in cash, cash equivalents, and investments, with zero financial debt and an additional $100 million available through an undrawn credit facility. The company’s cash deployment strategy prioritizes reinvestment in the business, mergers and acquisitions, and share buybacks. Outlook: Following the approval of the buyback plan, ODDITY revised its second-quarter FY24 outlook

U.S. stocks were mixed, with the Dow Jones index gaining around 0.1% on Friday. Shares of Argan, Inc. (NYSE:AGX) rose sharply during Friday's session after the company reported better-than-expected first-quarter financial results. Argan posted quarterly earnings of 58 cents per share, beating market estimates of 52 cents per share. The company's quarterly sales came in at $157.68 million versus expectations of $134.75 million, according to data from Benzinga Pro. Argan shares climbed 11.1% to $76.78 on Thursday. Here are some other big stocks recording gains in today’s session. Geron Corporation (NASDAQ:GERN) shares climbed 26% to $4.90 as the company reported the FDA approva

GME: -16% | GameStop shares are trading lower after the company released worse-than-expected Q1 results before schedule and filed to sell up to 75 million shares. Roaring Kitty has a live stream scheduled for 12pm ET today. BCDA: 65% | BioCardia Says US Patent Office Has Granted Patent No: 11,986,611 Titled 'Radial And Transendocardial Delivery Catheter,' With Patent Term That Will Expire In 2036 ODD: 8% | ODDITY Tech shares are trading higher after the company approved a share buyback and raised its Q2 guidance.