Brokerages Set OneWater Marine Inc. (NASDAQ:ONEW) Price Target at $17.00

OneWater Marine Inc. (NASDAQ:ONEW) has received an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.00.

A number of analysts have recently commented on the stock. Benchmark reissued a “hold” rating on shares of OneWater Marine in a research note on Friday, November 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of OneWater Marine in a report on Thursday, January 22nd. Zacks Research raised OneWater Marine from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, KeyCorp decreased their price objective on OneWater Marine from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, November 14th.

Insider Activity at OneWater Marine

In other OneWater Marine news, Chairman Philip Austin Jr. Singleton purchased 18,008 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were purchased at an average cost of $12.52 per share, for a total transaction of $225,460.16. Following the completion of the transaction, the chairman owned 779,776 shares of the company’s stock, valued at $9,762,795.52. The trade was a 2.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 19.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ONEW. Empowered Funds LLC boosted its holdings in shares of OneWater Marine by 63.8% during the 4th quarter. Empowered Funds LLC now owns 47,625 shares of the company’s stock worth $515,000 after purchasing an additional 18,555 shares during the last quarter. Man Group plc acquired a new stake in shares of OneWater Marine in the fourth quarter valued at approximately $139,000. Manatuck Hill Partners LLC purchased a new position in OneWater Marine during the fourth quarter worth approximately $462,000. Bridgeway Capital Management LLC boosted its stake in OneWater Marine by 46.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 87,825 shares of the company’s stock worth $950,000 after buying an additional 27,955 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in OneWater Marine by 22.8% in the 4th quarter. AQR Capital Management LLC now owns 31,906 shares of the company’s stock valued at $345,000 after buying an additional 5,914 shares in the last quarter. 94.32% of the stock is owned by hedge funds and other institutional investors.

OneWater Marine Price Performance

OneWater Marine stock opened at $11.80 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.13 and a quick ratio of 0.26. The stock has a market capitalization of $196.00 million, a PE ratio of -1.75 and a beta of 1.67. The business has a 50 day simple moving average of $12.46 and a 200-day simple moving average of $14.00. OneWater Marine has a 12 month low of $10.14 and a 12 month high of $18.15.

OneWater Marine (NASDAQ:ONEW) last released its quarterly earnings results on Thursday, January 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.35. The firm had revenue of $380.56 million for the quarter, compared to analysts’ expectations of $380.32 million. OneWater Marine had a negative net margin of 5.88% and a positive return on equity of 4.32%. On average, analysts anticipate that OneWater Marine will post 1.57 EPS for the current fiscal year.

OneWater Marine Company Profile

OneWater Marine Inc (NASDAQ: ONEW) is a leading U.S.-based recreational boat retailer offering a comprehensive range of marine products and services. Since its public debut in 2018, the company has built a broad network of locations that serve both coastal and inland markets. OneWater Marine focuses on delivering a full-service customer experience, from initial boat selection to long-term maintenance and support.

Through its dealership network, OneWater Marine markets new and pre-owned powerboats and personal watercraft from top manufacturers.