OneWater Marine Inc. (NASDAQ:ONEW) Receives $23.75 Consensus PT from Brokerages

Shares of OneWater Marine Inc. (NASDAQ:ONEW) have earned an average recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $22.60.

A number of analysts have weighed in on ONEW shares. Truist Financial dropped their target price on shares of OneWater Marine from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus reduced their price objective on OneWater Marine from $31.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Baird R W cut OneWater Marine from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Robert W. Baird restated a “neutral” rating and set a $18.00 price target (down previously from $25.00) on shares of OneWater Marine in a research report on Friday, April 4th. Finally, KeyCorp dropped their price target on shares of OneWater Marine from $27.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th.

OneWater Marine Trading Down 6.7 %

ONEW opened at $12.90 on Friday. The stock has a market capitalization of $210.44 million, a PE ratio of -17.92 and a beta of 2.33. 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 has a 12-month low of $12.50 and a 12-month high of $31.36. The firm’s fifty day moving average price is $17.16 and its 200 day moving average price is $19.20.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings data on Thursday, January 30th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts expect that OneWater Marine will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling at OneWater Marine

In other news, CEO Philip Austin Jr. Singleton purchased 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 owns 682,368 shares in the company, valued at $10,508,467.20. The trade was a 2.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 20.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new position in shares of OneWater Marine in the fourth quarter worth $29,000. FMR LLC grew its position in OneWater Marine by 332.5% in the third quarter. FMR LLC now owns 4,308 shares of the company’s stock worth $103,000 after acquiring an additional 3,312 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of OneWater Marine by 27.0% during the 4th quarter. Wells Fargo & Company MN now owns 7,194 shares of the company’s stock worth $125,000 after purchasing an additional 1,529 shares during the last quarter. AlphaQuest LLC bought a new stake in OneWater Marine in the fourth quarter worth $158,000. Finally, Raymond James Financial Inc. acquired a new position in OneWater Marine during the fourth quarter worth $199,000. 94.32% of the stock is owned by institutional investors and hedge funds.

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.