Truist Financial Forecasts Strong Price Appreciation for OneSpaWorld (NASDAQ:OSW) Stock

OneSpaWorld (NASDAQ:OSW) had its price target hoisted by research analysts at Truist Financial from $17.00 to $22.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 9.45% from the stock’s previous close.

OneSpaWorld Trading Up 1.9 %

OSW opened at $20.10 on Tuesday. The business’s 50 day moving average price is $17.88 and its 200 day moving average price is $16.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84. The stock has a market capitalization of $2.09 billion, a PE ratio of 40.88 and a beta of 2.13. OneSpaWorld has a one year low of $11.98 and a one year high of $20.17.

Insider Activity at OneSpaWorld

In related news, Director Andrew R. Heyer sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $18.68, for a total transaction of $1,401,000.00. Following the completion of the transaction, the director now directly owns 545,432 shares in the company, valued at $10,188,669.76. This trade represents a 12.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen Lazarus sold 8,271 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $16.75, for a total transaction of $138,539.25. Following the sale, the chief financial officer now owns 726,920 shares in the company, valued at $12,175,910. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 319,810 shares of company stock worth $5,644,816. Company insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OSW. FMR LLC boosted its position in OneSpaWorld by 54.0% in the 3rd quarter. FMR LLC now owns 4,137,525 shares of the company’s stock valued at $68,311,000 after buying an additional 1,451,283 shares during the period. Dimensional Fund Advisors LP boosted its holdings in OneSpaWorld by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,449,472 shares of the company’s stock valued at $37,647,000 after purchasing an additional 29,991 shares during the period. Geode Capital Management LLC boosted its holdings in OneSpaWorld by 6.2% in the third quarter. Geode Capital Management LLC now owns 2,414,363 shares of the company’s stock valued at $39,869,000 after purchasing an additional 141,578 shares during the period. Pinnacle Associates Ltd. grew its stake in OneSpaWorld by 3.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 2,374,959 shares of the company’s stock worth $39,211,000 after purchasing an additional 82,618 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in OneSpaWorld by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 2,176,709 shares of the company’s stock worth $28,798,000 after purchasing an additional 84,423 shares during the period. Institutional investors and hedge funds own 95.98% of the company’s stock.

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.