Wall Street Zen Downgrades OneSpaWorld (NASDAQ:OSW) to Hold

OneSpaWorld (NASDAQ:OSW) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts have also weighed in on the stock. Weiss Ratings raised shares of OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Truist Financial upped their target price on shares of OneSpaWorld from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday. TD Cowen upped their target price on shares of OneSpaWorld from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Jefferies Financial Group assumed coverage on shares of OneSpaWorld in a report on Tuesday, March 24th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Zacks Research raised shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, OneSpaWorld presently has a consensus rating of “Buy” and an average target price of $28.20.

OneSpaWorld Stock Performance

NASDAQ OSW opened at $23.99 on Friday. The company’s 50 day moving average is $23.44 and its 200-day moving average is $21.85. OneSpaWorld has a 12-month low of $18.19 and a 12-month high of $25.75. The company has a quick ratio of 1.40, a current ratio of 2.52 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.43 billion, a P/E ratio of 31.99 and a beta of 0.95.

OneSpaWorld (NASDAQ:OSW) last posted its earnings results on Wednesday, April 29th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $247.63 million during the quarter, compared to analyst estimates of $244.51 million. OneSpaWorld had a return on equity of 18.00% and a net margin of 7.85%.The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 EPS. Sell-side analysts predict that OneSpaWorld will post 1.07 earnings per share for the current year.

Hedge Funds Weigh In On OneSpaWorld

Institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd bought a new position in shares of OneSpaWorld in the 3rd quarter worth $29,000. Brown Brothers Harriman & Co. bought a new position in shares of OneSpaWorld in the 4th quarter worth $31,000. Arax Advisory Partners increased its holdings in shares of OneSpaWorld by 428.8% in the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after buying an additional 1,295 shares during the last quarter. First Horizon Corp increased its holdings in shares of OneSpaWorld by 120.4% in the 4th quarter. First Horizon Corp now owns 1,785 shares of the company’s stock worth $37,000 after buying an additional 975 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of OneSpaWorld by 325.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock worth $40,000 after buying an additional 1,478 shares during the last quarter. 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.