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

Key Points

• OneWater Marine Inc. (NASDAQ:ONEW) has received an average analyst rating of "Hold", with one sell, four hold, and three buy recommendations among the eight firms covering the stock.
• The company's stock price target has been adjusted, with KeyCorp raising it from $16.00 to $17.00 and Zacks Research downgrading it to a "strong sell" rating.
• OneWater Marine reported $0.79 EPS, missing estimates, with revenue of $552.86 million for the quarter, exceeding forecasts.

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) has been given a consensus rating of "Hold" by the eight ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $19.60.

A number of analysts have recently weighed in on ONEW shares. Zacks Research lowered shares of OneWater Marine from a "hold" rating to a "strong sell" rating in a research note on Monday, August 25th. KeyCorp increased their price target on shares of OneWater Marine from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Friday, August 1st.

OneWater Marine Stock Performance

Shares of NASDAQ:ONEW traded down $0.17 during midday trading on Monday, reaching $15.95. The company's stock had a trading volume of 112,453 shares, compared to its average volume of 123,487. The firm has a market capitalization of $261.10 million, a PE ratio of -19.69 and a beta of 1.99. OneWater Marine has a twelve month low of $11.58 and a twelve month high of $26.77. The stock has a fifty day moving average of $15.54 and a 200 day moving average of $15.28. The company has a quick ratio of 0.37, a current ratio of 1.23 and a debt-to-equity ratio of 0.97.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $1.12 by ($0.33). The business had revenue of $552.86 million during the quarter, compared to analyst estimates of $532.01 million. OneWater Marine had a positive return on equity of 0.45% and a negative net margin of 0.61%. OneWater Marine has set its FY 2025 guidance at 0.500-0.750 EPS. On average, equities analysts expect that OneWater Marine will post 1.57 EPS for the current fiscal year.

Insider Transactions at OneWater Marine

In related news, Director John Troiano sold 15,041 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $17.35, for a total transaction of $260,961.35. Following the sale, the director directly owned 52,226 shares of the company's stock, valued at approximately $906,121.10. This represents a 22.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 20.30% of the company's stock.

Institutional Trading of OneWater Marine

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings in OneWater Marine by 2,322.1% during the fourth quarter. Jane Street Group LLC now owns 40,158 shares of the company's stock worth $698,000 after buying an additional 38,500 shares in the last quarter. GAMMA Investing LLC boosted its holdings in OneWater Marine by 8,063.6% during the first quarter. GAMMA Investing LLC now owns 34,124 shares of the company's stock worth $552,000 after buying an additional 33,706 shares in the last quarter. Millennium Management LLC purchased a new position in OneWater Marine during the fourth quarter valued at $782,000. Private Management Group Inc. lifted its holdings in OneWater Marine by 10.0% during the first quarter. Private Management Group Inc. now owns 583,007 shares of the company's stock valued at $9,433,000 after purchasing an additional 53,019 shares in the last quarter. Finally, Crestwood Advisors Group LLC purchased a new position in OneWater Marine during the first quarter valued at $625,000. 94.32% of the stock is owned by hedge funds and other institutional investors.

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.