OneWater Marine (NASDAQ:ONEW) Price Target Lowered to $16.00 at Truist Financial

OneWater Marine (NASDAQ:ONEW - Free Report) had its target price decreased by Truist Financial from $25.00 to $16.00 in a research report report published on Monday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird reiterated a "neutral" rating and issued a $18.00 target price (down from $25.00) on shares of OneWater Marine in a research report on Friday, April 4th. Stifel Nicolaus lowered their target price on OneWater Marine from $31.00 to $25.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. KeyCorp cut their price target on OneWater Marine from $27.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Finally, Baird R W downgraded OneWater Marine from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, OneWater Marine currently has an average rating of "Hold" and a consensus price target of $19.60.

OneWater Marine Price Performance

Shares of OneWater Marine stock traded up $0.65 on Monday, reaching $13.49. The company's stock had a trading volume of 94,614 shares, compared to its average volume of 115,107. The company has a market capitalization of $220.06 million, a P/E ratio of -18.74 and a beta of 2.33. The stock has a 50-day moving average price of $16.21 and a 200-day moving average price of $18.63. The company has a quick ratio of 0.25, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. OneWater Marine has a 52-week low of $12.02 and a 52-week high of $31.36.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported ($0.54) EPS for the quarter, topping the consensus estimate of ($0.84) by $0.30. OneWater Marine had a positive return on equity of 3.09% and a negative net margin of 0.59%. Analysts expect that OneWater Marine will post 1.57 EPS for the current year.

Insider Activity at OneWater Marine

In other news, CEO Philip Austin Jr. Singleton acquired 15,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was bought 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 owns 682,368 shares in the company, valued at $10,508,467.20. This represents a 2.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 20.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OneWater Marine

A number of hedge funds have recently added to or reduced their stakes in ONEW. BNP Paribas Financial Markets acquired a new stake in shares of OneWater Marine in the 4th quarter valued at approximately $29,000. GAMMA Investing LLC lifted its stake in shares of OneWater Marine by 404.5% in the first quarter. GAMMA Investing LLC now owns 2,109 shares of the company's stock valued at $34,000 after purchasing an additional 1,691 shares during the period. FMR LLC boosted its holdings in OneWater Marine by 332.5% during the third quarter. FMR LLC now owns 4,308 shares of the company's stock worth $103,000 after buying an additional 3,312 shares in the last quarter. Wells Fargo & Company MN grew its position in OneWater Marine by 27.0% during the fourth 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 period. Finally, AlphaQuest LLC purchased a new position in OneWater Marine in the fourth quarter valued at about $158,000. Institutional investors and hedge funds 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.