OneWater Marine Inc. (NASDAQ:ONEW) Receives $19.60 Average PT from Brokerages

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) has earned a consensus rating of "Hold" from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $19.40.

A number of equities research analysts have issued reports on the company. KeyCorp lowered their price target on OneWater Marine from $22.00 to $16.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Truist Financial dropped their target price on shares of OneWater Marine from $25.00 to $16.00 and set a "buy" rating for the company in a research report on Monday, April 14th. 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 note on Friday. Stifel Nicolaus cut their target price on shares of OneWater Marine from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Finally, Baird R W cut shares of OneWater Marine from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th.

OneWater Marine Trading Down 8.7 %

ONEW stock traded down $1.19 during midday trading on Tuesday, hitting $12.54. The stock had a trading volume of 438,333 shares, compared to its average volume of 116,994. OneWater Marine has a 12-month low of $11.90 and a 12-month high of $31.36. The firm has a market cap of $204.57 million, a PE ratio of -17.42 and a beta of 2.15. The company's 50-day moving average price is $15.31 and its 200 day moving average price is $18.03. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 0.25.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.12). The business had revenue of $483.52 million during the quarter, compared to analyst estimates of $498.73 million. OneWater Marine had a positive return on equity of 3.09% and a negative net margin of 0.59%. On average, equities research analysts predict that OneWater Marine will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling at OneWater Marine

In related news, CEO Philip Austin Jr. Singleton acquired 15,000 shares of OneWater Marine stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $15.40 per share, for a total transaction of $231,000.00. Following the transaction, the chief executive officer now directly owns 682,368 shares of the company's stock, valued at $10,508,467.20. This trade represents a 2.25 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 20.30% of the stock is currently owned by corporate insiders.

Institutional Trading of OneWater Marine

A number of hedge funds and other institutional investors have recently made changes to their positions in ONEW. BNP Paribas Financial Markets bought a new position in shares of OneWater Marine during the 4th quarter valued at about $29,000. GAMMA Investing LLC grew its position in OneWater Marine by 404.5% in the first quarter. GAMMA Investing LLC now owns 2,109 shares of the company's stock worth $34,000 after buying an additional 1,691 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of OneWater Marine by 27.0% in the fourth quarter. Wells Fargo & Company MN now owns 7,194 shares of the company's stock valued at $125,000 after buying an additional 1,529 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of OneWater Marine during the 4th quarter valued at $158,000. Finally, Raymond James Financial Inc. bought a new stake in shares of OneWater Marine during the 4th quarter worth $199,000. 94.32% of the stock is currently owned by institutional investors.

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.