OneSpaWorld (NASDAQ:OSW) Price Target Raised to $22.00

OneSpaWorld (NASDAQ:OSW) had its target price lifted by Truist Financial from $17.00 to $22.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 12.82% from the company’s previous close.

OneSpaWorld Stock Up 2.7 %

OneSpaWorld stock traded up $0.51 during midday trading on Tuesday, hitting $19.50. 399,413 shares of the stock were exchanged, compared to its average volume of 544,750. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29. The company has a 50 day moving average price of $17.76 and a two-hundred day moving average price of $16.33. The firm has a market cap of $2.03 billion, a P/E ratio of 39.80 and a beta of 2.13. OneSpaWorld has a 1 year low of $11.98 and a 1 year high of $19.69.

Insider Activity at OneSpaWorld

In related news, CFO Stephen Lazarus sold 65,906 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $18.51, for a total value of $1,219,920.06. Following the completion of the transaction, the chief financial officer now owns 490,675 shares in the company, valued at $9,082,394.25. This trade represents a 11.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrew R. Heyer sold 75,000 shares of OneSpaWorld stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $18.68, for a total transaction of $1,401,000.00. Following the sale, the director now directly owns 545,432 shares in the company, valued at approximately $10,188,669.76. The trade was a 12.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 319,810 shares of company stock valued at $5,644,816 over the last quarter. 5.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OneSpaWorld

Several hedge funds and other institutional investors have recently modified their holdings of the company. Morse Asset Management Inc raised its position in OneSpaWorld by 8.1% during the third quarter. Morse Asset Management Inc now owns 14,050 shares of the company’s stock valued at $232,000 after buying an additional 1,050 shares during the period. Zacks Investment Management boosted its holdings in shares of OneSpaWorld by 13.3% during the third quarter. Zacks Investment Management now owns 16,052 shares of the company’s stock worth $265,000 after acquiring an additional 1,881 shares during the period. Emerald Advisers LLC increased its holdings in shares of OneSpaWorld by 3.7% during the third quarter. Emerald Advisers LLC now owns 65,498 shares of the company’s stock worth $1,081,000 after buying an additional 2,310 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of OneSpaWorld by 20.9% in the 2nd quarter. Principal Financial Group Inc. now owns 13,572 shares of the company’s stock worth $209,000 after acquiring an additional 2,350 shares in the last quarter. Finally, Kings Path Partners LLC boosted its stake in shares of OneSpaWorld by 3.2% in the 3rd quarter. Kings Path Partners LLC now owns 77,145 shares of the company’s stock worth $1,274,000 after buying an additional 2,380 shares during the last quarter. 95.98% of the stock is owned by institutional investors and hedge funds.

OneSpaWorld Company Profile

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.