Truist Financial Forecasts Strong Price Appreciation for OneSpaWorld (NASDAQ:OSW) Stock

OneSpaWorld (NASDAQ:OSW) had its price objective upped by stock analysts at Truist Financial from $24.00 to $25.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 7.80% from the stock’s current price.

Other analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. TD Cowen cut their price target on OneSpaWorld from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, January 20th. Wall Street Zen lowered shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. Finally, Stifel Nicolaus lowered their price objective on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $25.00.

OneSpaWorld Stock Performance

OSW stock traded up $0.49 on Tuesday, hitting $23.19. The company had a trading volume of 213,786 shares, compared to its average volume of 1,391,707. The company has a current ratio of 1.84, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. OneSpaWorld has a 12-month low of $14.21 and a 12-month high of $23.49. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 32.61 and a beta of 1.03. The stock’s 50-day simple moving average is $20.92 and its 200 day simple moving average is $21.25.

Insider Activity at OneSpaWorld

In other OneSpaWorld news, CEO Stephen Lazarus sold 8,569 shares of OneSpaWorld stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $21.12, for a total transaction of $180,977.28. Following the transaction, the chief executive officer owned 351,250 shares of the company’s stock, valued at $7,418,400. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Walter Field Mclallen sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $20.21, for a total transaction of $101,050.00. Following the completion of the transaction, the director owned 154,882 shares of the company’s stock, valued at approximately $3,130,165.22. The trade was a 3.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 33,569 shares of company stock worth $685,827. 3.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OSW. Oak Ridge Investments LLC bought a new stake in OneSpaWorld in the third quarter worth $2,817,000. Vest Financial LLC raised its position in OneSpaWorld by 72.9% in the 3rd quarter. Vest Financial LLC now owns 197,176 shares of the company’s stock worth $4,168,000 after purchasing an additional 83,143 shares during the period. Creative Planning lifted its stake in shares of OneSpaWorld by 35.0% during the 2nd quarter. Creative Planning now owns 129,769 shares of the company’s stock worth $2,646,000 after acquiring an additional 33,648 shares during the last quarter. Ellsworth Advisors LLC bought a new stake in shares of OneSpaWorld during the third quarter worth $573,000. Finally, American Century Companies Inc. boosted its position in OneSpaWorld by 105.5% in the 2nd quarter. American Century Companies Inc. now owns 2,976,478 shares of the company’s stock valued at $60,690,000 after buying an additional 1,528,210 shares during the period. Hedge funds and other institutional investors own 95.98% of the company’s stock.

About OneSpaWorld

OneSpaWorld Holdings Ltd is a global provider of spa and wellness services, catering primarily to the cruise line, hospitality and venue-based leisure industries. The company designs and operates on-board spa facilities, salon services and retail boutiques, offering treatments such as massage, facial and body therapies, nail care, hair styling and aesthetic enhancements. Additionally, OneSpaWorld provides program consulting, management, training and product distribution services to its partners, enabling tailored spa experiences across diverse passenger and guest demographics.

OneSpaWorld’s core operations span major cruise lines—such as Carnival Corporation, Royal Caribbean Group, MSC Cruises and Virgin Voyages—as well as luxury resort and hotel brands.