OneSpaWorld (NASDAQ:OSW) Upgraded at Wall Street Zen

Key Points

• OneSpaWorld has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting positive sentiment from analysts towards the company's stock performance.
• The company's quarterly earnings showed a profit of $0.25 per share, surpassing expectations, with a revenue increase of 7% year-over-year to $240.73 million.
• Insider activity included a director selling 2,500 shares at an average price of $19.33, indicating slight changes in ownership dynamics within the company.

OneSpaWorld (NASDAQ:OSW - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

OSW has been the subject of several other reports. William Blair reissued an "outperform" rating on shares of OneSpaWorld in a report on Wednesday, July 23rd. TD Securities cut their price target on shares of OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Truist Financial raised their price target on shares of OneSpaWorld from $19.00 to $21.00 and gave the company a "buy" rating in a report on Monday, June 9th. Stifel Nicolaus lifted their price objective on shares of OneSpaWorld from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Cowen reaffirmed a "buy" rating on shares of OneSpaWorld in a report on Thursday, May 1st. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, OneSpaWorld has an average rating of "Buy" and an average target price of $22.67.

OneSpaWorld Stock Down 1.7%

OSW opened at $21.35 on Friday. The company has a 50 day moving average of $20.76 and a 200 day moving average of $19.38. The company has a market cap of $2.19 billion, a PE ratio of 31.40 and a beta of 1.38. OneSpaWorld has a 12 month low of $14.21 and a 12 month high of $23.17. The company has a current ratio of 1.88, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. OneSpaWorld had a net margin of 7.74% and a return on equity of 15.93%. The firm had revenue of $240.73 million during the quarter, compared to the consensus estimate of $238.28 million. During the same period last year, the firm earned $0.20 EPS. The business's quarterly revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts expect that OneSpaWorld will post 0.9 EPS for the current year.

Insider Activity

In related news, Director Walter Field Mclallen sold 2,500 shares of OneSpaWorld stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $19.33, for a total value of $48,325.00. Following the transaction, the director owned 154,228 shares in the company, valued at $2,981,227.24. This trade represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.00% of the company's stock.

Hedge Funds Weigh In On OneSpaWorld

Large investors have recently added to or reduced their stakes in the business. Moran Wealth Management LLC increased its position in shares of OneSpaWorld by 1.5% in the second quarter. Moran Wealth Management LLC now owns 37,045 shares of the company's stock valued at $755,000 after acquiring an additional 543 shares during the period. Amalgamated Bank boosted its stake in OneSpaWorld by 22.2% during the first quarter. Amalgamated Bank now owns 3,479 shares of the company's stock worth $58,000 after acquiring an additional 631 shares in the last quarter. Sheets Smith Wealth Management lifted its stake in shares of OneSpaWorld by 1.9% in the second quarter. Sheets Smith Wealth Management now owns 34,846 shares of the company's stock worth $711,000 after buying an additional 647 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of OneSpaWorld by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,511 shares of the company's stock worth $209,000 after buying an additional 668 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of OneSpaWorld by 7.3% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,945 shares of the company's stock worth $201,000 after buying an additional 815 shares in the last quarter. Hedge funds and other institutional investors 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.

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