OneSpaWorld (NASDAQ:OSW) Hits New 12-Month High – Should You Buy?

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $22.42 and last traded at $21.95, with a volume of 308 shares traded. The stock had previously closed at $21.84.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OSW. Truist Financial upped their price target on OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Stifel Nicolaus lifted their target price on shares of OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, January 15th.

OneSpaWorld Stock Performance

The business has a 50-day simple moving average of $20.00 and a 200-day simple moving average of $17.90. The firm has a market capitalization of $2.27 billion, a PE ratio of 44.47 and a beta of 2.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29.

Insider Activity

In other OneSpaWorld news, Director Walter Field Mclallen sold 18,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $20.40, for a total transaction of $367,200.00. Following the transaction, the director now directly owns 170,917 shares in the company, valued at $3,486,706.80. This represents a 9.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OSW. Morse Asset Management Inc raised its stake in shares of OneSpaWorld by 8.1% in the third quarter. Morse Asset Management Inc now owns 14,050 shares of the company’s stock worth $232,000 after purchasing an additional 1,050 shares during the last quarter. Sheets Smith Wealth Management boosted its holdings in OneSpaWorld by 3.3% in the fourth quarter. Sheets Smith Wealth Management now owns 32,952 shares of the company’s stock valued at $656,000 after purchasing an additional 1,050 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of OneSpaWorld during the 4th quarter valued at about $26,000. USA Financial Formulas acquired a new position in shares of OneSpaWorld in the 4th quarter valued at about $36,000. Finally, Zacks Investment Management boosted its stake in shares of OneSpaWorld by 13.3% in the third quarter. Zacks Investment Management now owns 16,052 shares of the company’s stock worth $265,000 after buying an additional 1,881 shares during the last quarter. 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.