KeyCorp Trims OneWater Marine (NASDAQ:ONEW) Target Price to $32.00

OneWater Marine (NASDAQ:ONEW) had its price target reduced by KeyCorp from $36.00 to $32.00 in a report published on Friday, Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also recently weighed in on the company. Robert W. Baird decreased their price target on OneWater Marine from $42.00 to $32.00 and set an outperform rating for the company in a research note on Friday, August 4th. Truist Financial decreased their price target on OneWater Marine from $32.00 to $28.00 and set a buy rating for the company in a research note on Tuesday, October 17th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $32.40.

OneWater Marine Trading Down 0.9 %

NASDAQ ONEW opened at $25.84 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.26 and a debt-to-equity ratio of 0.83. OneWater Marine has a twelve month low of $21.78 and a twelve month high of $39.15. The firm has a market capitalization of $407.94 million, a PE ratio of -9.33 and a beta of 2.52. The stock’s 50 day moving average is $24.44 and its 200 day moving average is $28.74.

OneWater Marine (NASDAQ:ONEW) last released its quarterly earnings results on Thursday, November 16th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.05). OneWater Marine had a negative net margin of 1.99% and a positive return on equity of 13.60%. The firm had revenue of $450.98 million for the quarter, compared to the consensus estimate of $424.23 million. During the same quarter in the prior year, the firm earned $1.28 earnings per share. Research analysts forecast that OneWater Marine will post 3.61 earnings per share for the current fiscal year.

Insider Activity at OneWater Marine

In other news, CEO Philip Austin Jr. Singleton acquired 2,378 shares of OneWater Marine stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average price of $25.47 per share, for a total transaction of $60,567.66. Following the completion of the transaction, the chief executive officer now owns 580,183 shares in the company, valued at $14,777,261.01. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.40% of the stock is owned by company insiders.

Institutional Trading of OneWater Marine

Several hedge funds have recently bought and sold shares of ONEW. Point72 Hong Kong Ltd bought a new position in shares of OneWater Marine in the first quarter worth about $25,000. Quadrant Capital Group LLC boosted its stake in shares of OneWater Marine by 710.6% in the second quarter. Quadrant Capital Group LLC now owns 843 shares of the company’s stock worth $31,000 after acquiring an additional 739 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of OneWater Marine by 875.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,122 shares of the company’s stock worth $34,000 after acquiring an additional 1,007 shares during the period. Spire Wealth Management boosted its stake in shares of OneWater Marine by 140.7% in the first quarter. Spire Wealth Management now owns 1,360 shares of the company’s stock worth $38,000 after acquiring an additional 795 shares during the period. Finally, UBS Group AG bought a new position in shares of OneWater Marine in the second quarter worth about $43,000. Institutional investors own 63.98% 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 also 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, as well as rental of boats and personal watercraft.