Truist Financial Issues Positive Forecast for OneSpaWorld (NASDAQ:OSW) Stock Price

OneSpaWorld (NASDAQ:OSW) had its price objective boosted by Truist Financial from $24.00 to $25.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

OSW has been the subject of several other research reports. Wall Street Zen downgraded shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Stifel Nicolaus decreased their price objective on OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. TD Cowen lowered their target price on OneSpaWorld from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, January 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of OneSpaWorld in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. Based on data from MarketBeat.com, OneSpaWorld presently has a consensus rating of “Buy” and a consensus price target of $25.00.

OneSpaWorld Stock Up 3.0%

OSW stock opened at $23.38 on Tuesday. The stock has a market cap of $2.38 billion, a P/E ratio of 32.93 and a beta of 1.03. 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 twelve month low of $14.21 and a twelve month high of $23.54. The company’s 50 day moving average is $21.00 and its two-hundred day moving average is $21.26.

Insider Activity

In related news, Director Andrew R. Heyer sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $20.19, for a total value of $403,800.00. Following the completion of the transaction, the director owned 509,817 shares of the company’s stock, valued at approximately $10,293,205.23. The trade was a 3.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the director directly owned 154,882 shares of the company’s stock, valued at $3,130,165.22. This trade represents a 3.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,569 shares of company stock worth $685,827 over the last three months. 3.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OneSpaWorld

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ariel Investments LLC boosted its stake in shares of OneSpaWorld by 23.3% during the 2nd quarter. Ariel Investments LLC now owns 13,213,156 shares of the company’s stock valued at $269,416,000 after buying an additional 2,499,851 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of OneSpaWorld by 2.9% during the fourth quarter. First Trust Advisors LP now owns 3,179,211 shares of the company’s stock valued at $65,937,000 after acquiring an additional 90,381 shares during the period. American Century Companies Inc. grew its position in OneSpaWorld by 2.7% in the 3rd quarter. American Century Companies Inc. now owns 3,055,737 shares of the company’s stock worth $64,598,000 after purchasing an additional 79,259 shares during the last quarter. Vanguard Group Inc. grew its holdings in OneSpaWorld by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 3,017,136 shares of the company’s stock worth $62,575,000 after buying an additional 89,191 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of OneSpaWorld by 0.4% in the second quarter. Raymond James Financial Inc. now owns 2,525,357 shares of the company’s stock worth $51,492,000 after purchasing an additional 10,807 shares in the last quarter. 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.