OneWater Marine Inc. (NASDAQ:ONEW) Receives Average Recommendation of "Hold" from Brokerages

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) has earned a consensus rating of "Hold" from the seven research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $19.40.

ONEW has been the subject of several recent research reports. Baird R W cut OneWater Marine from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. KeyCorp dropped their price objective on shares of OneWater Marine from $22.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Robert W. Baird decreased their price objective on shares of OneWater Marine from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Finally, Truist Financial dropped their target price on OneWater Marine from $25.00 to $16.00 and set a "buy" rating on the stock in a report on Monday, April 14th.

OneWater Marine Trading Down 3.8%

ONEW opened at $15.30 on Friday. The business's 50 day moving average price is $14.35 and its 200 day moving average price is $15.60. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.33 and a current ratio of 1.20. The stock has a market capitalization of $249.59 million, a PE ratio of -32.55 and a beta of 1.97. OneWater Marine has a one year low of $11.58 and a one year high of $31.00.

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

Insider Activity at OneWater Marine

In related news, Director J Steven Roy purchased 5,001 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was acquired at an average price of $12.22 per share, for a total transaction of $61,112.22. Following the acquisition, the director directly owned 25,761 shares of the company's stock, valued at $314,799.42. This trade represents a 24.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 20.30% of the company's stock.

Institutional Investors Weigh In On OneWater Marine

Large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in OneWater Marine during the fourth quarter worth about $199,000. AlphaQuest LLC purchased a new position in OneWater Marine in the 4th quarter valued at about $158,000. First Eagle Investment Management LLC acquired a new stake in shares of OneWater Marine during the fourth quarter valued at about $588,000. Royce & Associates LP increased its position in shares of OneWater Marine by 13.2% during the fourth quarter. Royce & Associates LP now owns 1,853,788 shares of the company's stock worth $32,219,000 after acquiring an additional 216,410 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of OneWater Marine in the fourth quarter worth about $418,000. 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.

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