OneWater Marine Inc. (NASDAQ:ONEW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

OneWater Marine Inc. (NASDAQ:ONEW) has been assigned an average rating of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $23.75.

Several equities analysts have recently weighed in on the stock. KeyCorp reduced their price objective on shares of OneWater Marine from $27.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Truist Financial reduced their target price on shares of OneWater Marine from $30.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Robert W. Baird reaffirmed a “neutral” rating and issued a $18.00 price target (down previously from $25.00) on shares of OneWater Marine in a report on Friday. Finally, Stifel Nicolaus reduced their price objective on OneWater Marine from $31.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th.

OneWater Marine Price Performance

OneWater Marine stock traded down $1.83 during trading hours on Friday, hitting $13.43. 20,152 shares of the company traded hands, compared to its average volume of 110,179. OneWater Marine has a 1-year low of $13.11 and a 1-year high of $31.36. The firm has a market cap of $219.08 million, a P/E ratio of -18.71 and a beta of 2.33. The firm’s 50-day simple moving average is $17.41 and its two-hundred day simple moving average is $19.52. The company has a quick ratio of 0.25, a current ratio of 1.24 and a debt-to-equity ratio of 1.08.

OneWater Marine (NASDAQ:ONEW) last issued its quarterly earnings results on Thursday, January 30th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.84) by $0.30. OneWater Marine had a positive return on equity of 3.09% and a negative net margin of 0.59%. As a group, analysts forecast that OneWater Marine will post 1.57 earnings per share for the current fiscal year.

Insider Activity

In other OneWater Marine news, CEO Philip Austin Jr. Singleton bought 15,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $15.40 per share, with a total value of $231,000.00. Following the purchase, the chief executive officer now directly owns 682,368 shares in the company, valued at $10,508,467.20. The trade was a 2.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 20.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On OneWater Marine

A number of institutional investors have recently modified their holdings of ONEW. BNP Paribas Financial Markets purchased a new stake in shares of OneWater Marine during the fourth quarter worth $29,000. FMR LLC increased its position in OneWater Marine by 332.5% in the 3rd quarter. FMR LLC now owns 4,308 shares of the company’s stock worth $103,000 after purchasing an additional 3,312 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of OneWater Marine by 27.0% during the 4th quarter. Wells Fargo & Company MN now owns 7,194 shares of the company’s stock worth $125,000 after purchasing an additional 1,529 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of OneWater Marine during the 4th quarter worth about $158,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of OneWater Marine during the 4th quarter valued at about $199,000. Institutional investors and hedge funds 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.