Stifel Nicolaus Forecasts Strong Price Appreciation for OneSpaWorld (NASDAQ:OSW) Stock

OneSpaWorld (NASDAQ:OSW) had its price target boosted by Stifel Nicolaus from $24.00 to $25.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 31.93% from the company’s current price.

Separately, Truist Financial upped their target price on shares of OneSpaWorld from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd.

OneSpaWorld Price Performance

Shares of NASDAQ OSW traded up $0.13 during trading on Wednesday, hitting $18.95. 110,929 shares of the company were exchanged, compared to its average volume of 365,778. The firm’s fifty day moving average price is $19.45 and its 200 day moving average price is $17.34. 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 market cap of $1.97 billion, a price-to-earnings ratio of 38.67 and a beta of 2.10. OneSpaWorld has a 1 year low of $11.98 and a 1 year high of $20.57.

Insider Buying and Selling at OneSpaWorld

In related news, Director Walter Field Mclallen sold 18,000 shares of OneSpaWorld stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $20.40, for a total transaction of $367,200.00. Following the completion of the sale, the director now owns 170,917 shares in the company, valued at approximately $3,486,706.80. This trade represents a 9.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen Lazarus sold 65,906 shares of the stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 158,906 shares of company stock worth $2,988,120. 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 made changes to their positions in OSW. Morse Asset Management Inc raised its position in OneSpaWorld by 8.1% in the third quarter. Morse Asset Management Inc now owns 14,050 shares of the company’s stock valued at $232,000 after purchasing an additional 1,050 shares during the period. USA Financial Formulas purchased a new stake in shares of OneSpaWorld during the 4th quarter valued at about $36,000. Zacks Investment Management lifted its position in OneSpaWorld by 13.3% during the 3rd quarter. Zacks Investment Management now owns 16,052 shares of the company’s stock worth $265,000 after acquiring an additional 1,881 shares in the last quarter. Emerald Advisers LLC lifted its position in OneSpaWorld by 3.7% during the 3rd quarter. Emerald Advisers LLC now owns 65,498 shares of the company’s stock worth $1,081,000 after acquiring an additional 2,310 shares in the last quarter. Finally, Kings Path Partners LLC boosted its holdings in 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 acquiring an additional 2,380 shares during the period. Institutional investors and hedge funds own 95.98% of the company’s stock.

About OneSpaWorld

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.