OneSpaWorld exec Stephen Lazarus sells over $486k in company stock

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

The transactions were executed automatically in accordance with a pre-established 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 accusations of insider trading.

On September 19, Lazarus sold 294 shares at weighted average prices ranging from $16.7500 to $16.7600. The following day, he sold 20,493 shares, with prices varying between $16.7500 and $16.8000. Lastly, on September 23, an additional 8,271 shares were sold at prices from $16.7500 to $16.7800. These sales resulted in a substantial reduction in Lazarus's holdings in OneSpaWorld, although he still retains a significant number of shares.

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

Shareholders and potential investors in 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 need it.



In other recent news, OneSpaWorld Holdings Ltd. has been in the spotlight following its robust second-quarter earnings report and an upward revision in its guidance. The company posted record revenues of $224.9 million, marking a 12% increase from the same quarter in the previous year. Additionally, the firm's income from operations saw a significant rise of 40% to $18.8 million, and adjusted EBITDA grew by 25% to $27.1 million.

Following these developments, TD Cowen upgraded its price target for OneSpaWorld from $16.00 to $19.00, maintaining a Buy rating on the stock. The firm cited OneSpaWorld's strong fundamentals and potential for continued capital returns as reasons for its optimistic 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 has also reduced its debt to $123.8 million after repaying over $109 million since Q2 of fiscal 2022. Moreover, OneSpaWorld is exploring an expansion into e-commerce, signaling a forward-looking vision 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 the news of CFO and COO Stephen Lazarus's stock sales, insights from InvestingPro provide 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 stands at 32, reflecting investor expectations of future earnings growth, which is further supported by a PEG ratio of just 0.08, suggesting that the stock may be undervalued based on its earnings growth potential.

InvestingPro Tips highlight that analysts are optimistic about OneSpaWorld's future, with four analysts having revised their earnings estimates upwards for the upcoming period. This could be a sign that the company's financial performance may exceed expectations. Additionally, OneSpaWorld has been profitable over the last 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 its cost of goods sold.

It's also worth noting that OneSpaWorld's stock 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 stock price, which investors might want to consider when evaluating their positions. Despite this, the stock has shown a high return over the last year, with a price total return of 51.76%, and is trading near its 52-week high, currently at 96.42% of that peak.

For those interested in more in-depth analysis, there are additional InvestingPro Tips available at https://www.investing.com/pro/OSW, which could provide further guidance for shareholders and potential investors as they assess the implications of insider trading activities and the company's overall financial health.

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Source: Investing.com