OneWater Marine (NASDAQ:ONEW) Price Target Cut to $25.00 by Analysts at Stifel Nicolaus

OneWater Marine (NASDAQ:ONEW) had its price target lowered by Stifel Nicolaus from $31.00 to $25.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on ONEW. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a report on Friday, November 15th. DA Davidson cut their target price on shares of OneWater Marine from $27.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. KeyCorp decreased their price target on shares of OneWater Marine from $27.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, Truist Financial cut their price objective on shares of OneWater Marine from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.75.

OneWater Marine Stock Up 6.1 %

OneWater Marine stock opened at $15.86 on Wednesday. OneWater Marine has a fifty-two week low of $14.29 and a fifty-two week high of $31.36. The company’s 50-day moving average is $19.87 and its 200-day moving average is $22.47. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.31 and a current ratio of 1.28.

Insiders Place Their Bets

In other news, CEO Philip Austin Jr. Singleton acquired 13,000 shares of OneWater Marine stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $18.60 per share, for a total transaction of $241,800.00. Following the transaction, the chief executive officer now directly owns 667,368 shares of the company’s stock, valued at approximately $12,413,044.80. The trade was a 1.99 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Steven Roy purchased 2,500 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was acquired at an average price of $19.05 per share, with a total value of $47,625.00. Following the completion of the transaction, the director now owns 20,760 shares in the company, valued at approximately $395,478. This trade represents a 13.69 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 28,485 shares of company stock worth $543,089 in the last quarter. 18.70% of the stock is currently owned by corporate insiders.

Institutional Trading of OneWater Marine

Several institutional investors have recently modified their holdings of ONEW. State Street Corp grew its position in shares of OneWater Marine by 0.5% in the 3rd quarter. State Street Corp now owns 226,038 shares of the company’s stock valued at $5,405,000 after buying an additional 1,131 shares during the last quarter. Geode Capital Management LLC increased its holdings in OneWater Marine by 11.4% in the third quarter. Geode Capital Management LLC now owns 293,831 shares of the company’s stock worth $7,028,000 after purchasing an additional 29,952 shares in the last quarter. FMR LLC lifted its stake in OneWater Marine by 332.5% in the third quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after buying an additional 3,312 shares during the period. Barclays PLC increased its stake in shares of OneWater Marine by 267.9% in the 3rd quarter. Barclays PLC now owns 15,677 shares of the company’s stock valued at $375,000 after acquiring an additional 11,416 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of OneWater Marine by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock valued at $11,892,000 after purchasing an additional 24,364 shares during the period. Institutional investors own 94.32% of the company’s stock.

OneWater Marine Company Profile

OneWater Marine Inc operates as a recreational boat retailer in the United States. The company offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. It provides boat repair and maintenance services. In addition, the company arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina services.