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

Key Points

• OneWater Marine Inc. has received an average rating of "Hold" from analysts, with four hold and three buy recommendations.
• The stock's average 1-year price target is estimated at $19.60, with KeyCorp recently raising their target to $17.00 while Truist Financial lowered theirs to $16.00.
• Despite a revenue of $552.86 million, OneWater Marine reported an earnings per share of $0.79, missing expectations by $0.33 in their last earnings release.

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) has earned an average recommendation of "Hold" from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $19.60.

Several research firms recently commented on ONEW. KeyCorp raised their price target on shares of OneWater Marine from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Truist Financial lowered their price target on OneWater Marine from $25.00 to $16.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird reduced their price objective on OneWater Marine from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ONEW. BNP Paribas Financial Markets purchased a new position in OneWater Marine in the fourth quarter valued at about $29,000. GAMMA Investing LLC boosted its holdings in shares of OneWater Marine by 404.5% in the 1st quarter. GAMMA Investing LLC now owns 2,109 shares of the company's stock valued at $34,000 after buying an additional 1,691 shares in the last quarter. AlphaQuest LLC grew its position in shares of OneWater Marine by 20.8% in the 2nd quarter. AlphaQuest LLC now owns 8,097 shares of the company's stock worth $108,000 after buying an additional 1,392 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of OneWater Marine by 27.0% in the 4th quarter. Wells Fargo & Company MN now owns 7,194 shares of the company's stock worth $125,000 after buying an additional 1,529 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of OneWater Marine during the 4th quarter worth approximately $199,000. 94.32% of the stock is owned by institutional investors.

OneWater Marine Stock Performance

NASDAQ ONEW opened at $16.25 on Thursday. The company has a market cap of $265.09 million, a P/E ratio of -20.06 and a beta of 1.99. The business's 50 day moving average price is $14.65 and its 200-day moving average price is $15.43. OneWater Marine has a fifty-two week low of $11.58 and a fifty-two week high of $26.77. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.33 and a current ratio of 1.23.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.33). The firm had revenue of $552.86 million during the quarter, compared to the consensus estimate of $532.01 million. OneWater Marine had a positive return on equity of 0.45% and a negative net margin of 0.61%. Sell-side analysts predict that OneWater Marine will post 1.57 earnings per share for the current year.

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.

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