OneSpaWorld CEO Stephen Lazarus Sells More Than $486,000 in Company Shares By Investing.com

In a recent transaction, Stephen Lazarus, CFO and COO of OneSpaWorld Holdings Ltd (NASDAQ: ), sold a significant amount of shares in the company. The sales, which took place in a series of transactions between September 19 and 23, totaled more than $486,000.

The trades were executed automatically under a predetermined trading plan, known as Rule 10b5-1, which Lazarus had adopted on June 13, 2024. This plan allows company insiders to sell shares at predetermined times to avoid charges of insider trading.

On September 19, Lazarus sold 294 shares at weighted average prices ranging from $16.7500 to $16.7600. The next day, it sold 20,493 shares, with prices ranging from $16.7500 to $16.8000. Finally, on September 23, another 8,271 shares were sold at prices ranging from $16.7500 to $16.7800. These sales resulted in a substantial reduction in Lazarus’ holdings in OneSpaWorld, although he still retains a significant number of shares.

Investors often monitor insider sales because they can provide insight into an executive’s perspective on the company’s current valuation and future prospects. However, it is important to note that such transactions may be part of standard financial planning strategies and do not necessarily indicate a lack of confidence in the firm.

Shareholders and potential investors of OneSpaWorld Holdings Ltd can request more detailed information about the specific number of shares sold at each price point from the reporting person, should they require it.

In other recent news, OneSpaWorld Holdings Ltd. was in the spotlight following its robust second-quarter earnings report and an upward revision to its guidance. The company reported record revenue of $224.9 million, marking a 12% increase over the same quarter last year. In addition, the company’s operating income increased significantly by 40% to $18.8 million and adjusted EBITDA increased by 25% to $27.1 million.

Following these developments, TD Cowen upgraded its price target on OneSpaWorld from $16.00 to $19.00, maintaining a Buy rating on the stock. The firm cited OneSpaWorld’s strong fundamentals and the potential for continued capital returns as reasons for the bullish outlook.

In addition to its financial growth, OneSpaWorld has initiated an annual cash dividend program, reflecting its strong cash position and commitment to shareholder returns. The company also reduced its debt to $123.8 million after repaying more than $109 million starting in Q2 of fiscal 2022. Additionally, OneSpaWorld is exploring an expansion into e-commerce, signaling a vision perspective for customer engagement and revenue growth. These are among the recent developments that have placed OneSpaWorld in a favorable light among investors and market watchers.

InvestingPro Insights

Following news of CFO and COO Stephen Lazarus’ share sales, information from InvestingPro provides additional context for investors considering OneSpaWorld Holdings Ltd (NASDAQ:OSW). According to real-time data, OneSpaWorld has a market capitalization of approximately $1.75 billion, indicating a substantial presence in its sector. The company’s P/E ratio is 32, reflecting investors’ expectations of future earnings growth, which is also supported by a PEG ratio of just 0.08, suggesting the stock may be undervalued based on its earnings growth potential .

InvestingPro Tips highlights that analysts are bullish on OneSpaWorld’s future, with four analysts revising their earnings estimates upward for the coming period. This could be a sign that the company’s financial performance may exceed expectations. Additionally, OneSpaWorld has been profitable for the past twelve months, which is a positive indicator of its financial health. However, the company’s gross profit margins are considered weak at 12.04%, which could be a point of concern for investors looking at the company’s efficiency in managing cost of goods sold.

It’s also worth noting that OneSpaWorld’s share price has experienced significant volatility, and the Relative Strength Index (RSI) suggests the stock is currently in overbought territory. This could indicate a potential pullback in the share price, which investors may want to consider when evaluating their positions. Despite this, the stock has performed strongly over the past year with a total price return of 51.76% and is trading near its 52-week high, currently at 96.42% of that peak .

For those interested in a more in-depth analysis, there are additional InvestingPro tips available at https://www.investing.com/pro/OSW, which may provide additional guidance to shareholders and potential investors as they evaluate the implications of the trading activities of privileged information. and the overall financial health of the company.

This article was generated with support from AI and reviewed by an editor. For more information, see T&C.