OneWater Marine Inc. (NASDAQ:ONEW) Given Consensus Recommendation of "Hold" by Analysts

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $19.40.

A number of analysts recently commented on ONEW shares. Baird R W lowered OneWater Marine from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Truist Financial dropped their price target on OneWater Marine from $25.00 to $16.00 and set a "buy" rating on the stock in a report on Monday, April 14th. KeyCorp dropped their price target on OneWater Marine from $22.00 to $16.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Robert W. Baird dropped their price target on OneWater Marine from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd.

OneWater Marine Stock Performance

OneWater Marine stock traded up $0.04 during mid-day trading on Wednesday, reaching $13.84. 234,525 shares of the company's stock were exchanged, compared to its average volume of 127,014. The business's fifty day simple moving average is $14.19 and its 200 day simple moving average is $16.18. The firm has a market capitalization of $225.73 million, a PE ratio of -29.45 and a beta of 2.05. OneWater Marine has a one year low of $11.58 and a one year high of $31.00. The company has a quick ratio of 0.33, a current ratio of 1.20 and a debt-to-equity ratio of 1.05.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.12). The business had revenue of $483.52 million for the quarter, compared to the consensus estimate of $498.73 million. OneWater Marine had a positive return on equity of 1.09% and a negative net margin of 0.39%. On average, sell-side analysts expect that OneWater Marine will post 1.57 earnings per share for the current year.

Insider Buying and Selling

In other OneWater Marine news, Director J Steven Roy purchased 5,001 shares of the stock in a transaction on Wednesday, May 7th. The stock was acquired at an average price of $12.22 per share, with a total value of $61,112.22. Following the transaction, the director now directly owns 25,761 shares of the company's stock, valued at approximately $314,799.42. This trade represents a 24.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 20.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On OneWater Marine

Several hedge funds have recently bought and sold shares of ONEW. Goldman Sachs Group Inc. boosted its stake in OneWater Marine by 8.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 101,291 shares of the company's stock valued at $1,639,000 after purchasing an additional 7,659 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC bought a new position in OneWater Marine in the 1st quarter worth $4,053,000. AQR Capital Management LLC bought a new position in OneWater Marine in the 1st quarter worth $345,000. Hotchkis & Wiley Capital Management LLC raised its holdings in OneWater Marine by 40.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 455,320 shares of the company's stock valued at $7,367,000 after acquiring an additional 130,400 shares during the period. Finally, American Century Companies Inc. raised its holdings in OneWater Marine by 1.9% during the first quarter. American Century Companies Inc. now owns 1,707,997 shares of the company's stock valued at $27,635,000 after acquiring an additional 31,727 shares during the period. Institutional investors own 94.32% of the company's stock.

About OneWater Marine

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.