OneSpaWorld (NASDAQ:OSW) Shares Gap Down – What’s Next?

OneSpaWorld Holdings Limited (NASDAQ:OSW) shares gapped down prior to trading on Wednesday . The stock had previously closed at $23.38, but opened at $21.43. OneSpaWorld shares last traded at $21.5430, with a volume of 563,522 shares.

Analysts Set New Price Targets

Several research firms recently issued reports on OSW. TD Cowen lowered their price objective on OneSpaWorld from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, January 20th. Truist Financial boosted their price objective on shares of OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. Stifel Nicolaus cut their target price on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. Finally, Wall Street Zen downgraded shares of 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 and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $25.00.

OneSpaWorld Stock Performance

The firm’s 50-day moving average price is $21.00 and its 200-day moving average price is $21.26. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.09. The stock has a market cap of $2.20 billion, a P/E ratio of 30.00 and a beta of 1.03.

Insider Buying and Selling at OneSpaWorld

In other news, Director Andrew R. Heyer sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $20.19, for a total transaction of $403,800.00. Following the sale, the director directly owned 509,817 shares in the company, valued at approximately $10,293,205.23. This represents a 3.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen Lazarus sold 8,569 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $21.12, for a total value of $180,977.28. Following the sale, the chief executive officer owned 351,250 shares in the company, valued at approximately $7,418,400. This trade represents a 2.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,569 shares of company stock worth $685,827 over the last 90 days. 3.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers increased its stake in shares of OneSpaWorld by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 138,938 shares of the company’s stock worth $2,833,000 after acquiring an additional 731 shares during the last quarter. California State Teachers Retirement System raised its position in OneSpaWorld by 0.9% in the second quarter. California State Teachers Retirement System now owns 91,653 shares of the company’s stock valued at $1,869,000 after purchasing an additional 849 shares during the period. Simon Quick Advisors LLC grew its holdings in shares of OneSpaWorld by 6.8% during the 2nd quarter. Simon Quick Advisors LLC now owns 13,340 shares of the company’s stock worth $272,000 after purchasing an additional 853 shares during the period. Blair William & Co. IL boosted its stake in OneSpaWorld by 0.6% during the third quarter. Blair William & Co. IL now owns 152,277 shares of the company’s stock worth $3,219,000 after buying an additional 924 shares during the period. Finally, First Horizon Corp lifted its stake in 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 in the last quarter. 95.98% of the stock is currently owned by institutional investors.

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.