Shares of Oddity Tech declined in pre-market trading following a weaker earnings report and cautious analyst assessments, signalling investor apprehension despite previous strong performance.
ODDITY Tech shares fell in pre-market trading on Monday after opening below Friday’s close, with the stock slipping from $13.11 to $12.57 before last trading at $12.2490, according to MarketBeat. The decline came as investors digested a cautious analyst backdrop and a weaker recent earnings update that showed the company struggling to maintain the momentum it delivered late last year.
MarketBeat said several brokerages have recently taken a restrained view of the stock. Zacks Research lifted ODDITY Tech from a strong sell rating to hold in early August, while Barclays cut its target to $8 and kept an underweight stance in June. Jefferies left its hold call in place with a $10.25 target, Morgan Stanley reduced its objective to $10, and KeyCorp reiterated a sector weight view. That left the shares with an average Reduce rating and an average price target of $25.39 on MarketBeat’s data, although StockAnalysis put the consensus target lower, at $11.07, as of late July.
The latest company results help explain the caution. ODDITY Tech reported first-quarter 2026 revenue of $197.94 million, down 26.2% from a year earlier, and posted a loss of 17 cents a share, well below analyst expectations. StockAnalysis said management linked the setback to a technical problem with its largest advertising partner, which pushed up customer acquisition costs, though executives still said they expected positive adjusted EBITDA for full-year 2026 and a sequential improvement in those costs from May. That followed a strong 2025, when the company reported record annual revenue of $810 million, up 25%, and fourth-quarter adjusted EBITDA of $13 million.
Trading activity has also drawn attention. MarketBeat reported that chief financial officer Mann Lindsay Drucker sold 109,602 shares on June 30 under a pre-arranged trading plan, a sale made to cover tax withholding obligations tied to equity awards. Institutional investors have moved in different directions, with UBS AM and Geode Capital Management increasing their stakes while other firms opened smaller new positions. The stock’s volatility is consistent with its beta of 2.38, and MarketBeat said ODDITY Tech was trading below both its 50-day and 200-day moving averages.
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