Analyst Max Rakhlenko of TD Cowen maintained a Buy rating on OneSpaWorld Holdings (OSW – Research Report), reducing the price target to $22.00.
Max Rakhlenko has given his Buy rating due to a combination of factors that highlight OneSpaWorld Holdings’ strong performance and strategic initiatives. The company reported impressive first-quarter results, with revenue growth at the higher end of its guidance range, and management has indicated that the business continues to perform well without signs of a slowdown. This stability is further supported by the company’s defensive characteristics, which include a variable cost model that protects free cash flow and historical resilience during economic downturns.
Additionally, OneSpaWorld Holdings is actively enhancing its operational capabilities through several internal initiatives. These include the addition of new ships and services, improvements in onboard productivity, and a redesigned talent management process aimed at boosting employee retention. The company’s proactive approach to capital management, such as share repurchases and potential dividend growth, also underscores its commitment to delivering shareholder value, even in uncertain macroeconomic conditions.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OSW in relation to earlier this year.