Zacks Research Downgrades OneSpaWorld (NASDAQ:OSW) to Strong Sell

OneSpaWorld (NASDAQ:OSW) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Several other equities analysts also recently issued reports on the company. Stifel Nicolaus cut 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. Truist Financial upped their price target on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. TD Cowen decreased their price objective on shares of OneSpaWorld from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. Finally, Wall Street Zen downgraded OneSpaWorld from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

OneSpaWorld Trading Up 1.0%

Shares of OSW stock opened at $21.87 on Monday. The company has a market capitalization of $2.23 billion, a P/E ratio of 31.70 and a beta of 1.03. OneSpaWorld has a 12-month low of $14.21 and a 12-month high of $23.54. The company has a quick ratio of 1.09, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $21.15 and a 200 day moving average price of $21.27.

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $242.13 million for the quarter, compared to analyst estimates of $243.07 million. OneSpaWorld had a return on equity of 17.07% and a net margin of 7.45%.The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. Research analysts forecast that OneSpaWorld will post 0.9 earnings per share for the current fiscal year.

Insider Activity

In other OneSpaWorld news, CEO Stephen Lazarus sold 8,569 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $21.12, for a total value of $180,977.28. Following the transaction, the chief executive officer owned 351,250 shares of the company’s stock, valued at approximately $7,418,400. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Walter Field Mclallen sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $20.21, for a total value of $101,050.00. Following the transaction, the director owned 154,882 shares of the company’s stock, valued at $3,130,165.22. The trade was a 3.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,569 shares of company stock valued at $685,827 in the last 90 days. 3.90% of the stock is owned by company insiders.

Institutional Trading of OneSpaWorld

Hedge funds have recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in OneSpaWorld during the third quarter valued at approximately $29,000. Brown Brothers Harriman & Co. acquired a new position in OneSpaWorld in the fourth quarter valued at about $31,000. Arax Advisory Partners increased its holdings in shares of OneSpaWorld by 428.8% in the fourth quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after acquiring an additional 1,295 shares in the last quarter. First Horizon Corp raised its position in shares of OneSpaWorld by 120.4% during the fourth quarter. First Horizon Corp now owns 1,785 shares of the company’s stock worth $37,000 after purchasing an additional 975 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of OneSpaWorld by 325.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock valued at $40,000 after purchasing an additional 1,478 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

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.