TD Cowen Lowers OneSpaWorld (NASDAQ:OSW) Price Target to $24.00

OneSpaWorld (NASDAQ:OSW) had its price objective decreased by analysts at TD Cowen from $27.00 to $24.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective points to a potential upside of 19.23% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on OSW. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. Stifel Nicolaus reduced their target price on OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Finally, Northcoast Research set a $28.00 price target on OneSpaWorld and gave the company a “buy” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat.com, OneSpaWorld currently has an average rating of “Buy” and a consensus price target of $24.20.

OneSpaWorld Trading Up 3.0%

Shares of NASDAQ:OSW opened at $20.13 on Tuesday. The company’s 50-day moving average price is $20.69 and its two-hundred day moving average price is $21.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.09. OneSpaWorld has a one year low of $14.21 and a one year high of $23.49. The stock has a market capitalization of $2.05 billion, a PE ratio of 28.35 and a beta of 1.04.

OneSpaWorld (NASDAQ:OSW) last released its earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The business had revenue of $258.52 million for the quarter, compared to the consensus estimate of $258.41 million. OneSpaWorld had a return on equity of 16.38% and a net margin of 7.90%.OneSpaWorld’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 earnings per share. On average, equities analysts forecast that OneSpaWorld will post 0.9 EPS for the current fiscal year.

Insider Transactions at OneSpaWorld

In other OneSpaWorld 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 sale, the director owned 509,817 shares of the company’s stock, valued at $10,293,205.23. The trade was a 3.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Walter Field Mclallen sold 5,000 shares of the 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 owned 154,882 shares in the company, valued at approximately $3,130,165.22. The trade was a 3.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 33,569 shares of company stock valued at $685,827. 3.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OneSpaWorld

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd acquired a new stake in OneSpaWorld during the third quarter worth approximately $29,000. Aquatic Capital Management LLC bought a new stake in shares of OneSpaWorld during the 3rd quarter valued at $50,000. CIBC Private Wealth Group LLC acquired a new stake in shares of OneSpaWorld during the 3rd quarter worth $87,000. State of Alaska Department of Revenue acquired a new stake in shares of OneSpaWorld during the 3rd quarter worth $116,000. Finally, Tower Research Capital LLC TRC increased its position in shares of OneSpaWorld by 313.5% in the second quarter. Tower Research Capital LLC TRC now owns 9,274 shares of the company’s stock worth $189,000 after purchasing an additional 7,031 shares during the period. 95.98% of the stock is currently owned by institutional investors and hedge funds.

OneSpaWorld Company Profile

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.