OneWater Marine (NASDAQ:ONEW) Price Target Cut to $22.00 by Analysts at KeyCorp

OneWater Marine (NASDAQ:ONEW) had its target price lowered by KeyCorp from $27.00 to $22.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock. KeyCorp also issued estimates for OneWater Marine’s Q2 2025 earnings at $0.40 EPS, Q3 2026 earnings at $1.72 EPS and FY2026 earnings at $2.85 EPS.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus cut their price target on shares of OneWater Marine from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Truist Financial cut their target price on shares of OneWater Marine from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday. Benchmark reissued a “hold” rating on shares of OneWater Marine in a research report on Friday, November 15th. Finally, DA Davidson cut their price objective on OneWater Marine from $27.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.25.

OneWater Marine Trading Down 4.6 %

Shares of OneWater Marine stock opened at $15.05 on Wednesday. The stock has a market cap of $244.65 million, a P/E ratio of -37.62 and a beta of 2.58. The company has a quick ratio of 0.35, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. OneWater Marine has a 12-month low of $14.74 and a 12-month high of $31.58. The business’s 50 day moving average is $20.20 and its 200-day moving average is $22.71.

Insider Buying and Selling

In other news, CEO Philip Austin Jr. Singleton bought 11,939 shares of the stock in a transaction dated Tuesday, November 19th. The shares were bought at an average price of $19.42 per share, for a total transaction of $231,855.38. Following the completion of the purchase, the chief executive officer now owns 632,161 shares in the company, valued at approximately $12,276,566.62. This trade represents a 1.92 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Steven Roy purchased 2,500 shares of OneWater Marine stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average price of $19.05 per share, with a total value of $47,625.00. Following the completion of the purchase, the director now directly owns 20,760 shares in the company, valued at $395,478. This trade represents a 13.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 28,485 shares of company stock valued at $543,089. Company insiders own 18.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ONEW. Royce & Associates LP boosted its position in shares of OneWater Marine by 9.7% in the third quarter. Royce & Associates LP now owns 1,637,378 shares of the company’s stock valued at $39,150,000 after acquiring an additional 144,926 shares during the period. Private Management Group Inc. raised its stake in OneWater Marine by 0.9% in the 3rd quarter. Private Management Group Inc. now owns 632,380 shares of the company’s stock worth $15,120,000 after purchasing an additional 5,916 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in OneWater Marine by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock valued at $11,892,000 after purchasing an additional 24,364 shares during the period. Geode Capital Management LLC grew its position in shares of OneWater Marine by 11.4% during the 3rd quarter. Geode Capital Management LLC now owns 293,831 shares of the company’s stock worth $7,028,000 after purchasing an additional 29,952 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of OneWater Marine by 0.5% during the third quarter. State Street Corp now owns 226,038 shares of the company’s stock worth $5,405,000 after purchasing an additional 1,131 shares during the period. Institutional investors 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.