OneWater Marine Inc. (NASDAQ:ONEW) Receives $19.80 Average PT from Brokerages

OneWater Marine Inc. (NASDAQ:ONEW) has been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $19.00.

Several equities analysts have weighed in on the stock. KeyCorp lowered their price objective on shares of OneWater Marine from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. Zacks Research cut OneWater Marine from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of OneWater Marine in a report on Wednesday, October 8th. Truist Financial increased their price objective on OneWater Marine from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Benchmark restated a “hold” rating on shares of OneWater Marine in a research report on Friday, November 14th.

OneWater Marine Stock Performance

OneWater Marine stock opened at $11.13 on Friday. OneWater Marine has a fifty-two week low of $10.32 and a fifty-two week high of $23.00. The firm’s 50 day simple moving average is $15.31 and its 200-day simple moving average is $15.16. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.23 and a quick ratio of 0.37. The company has a market cap of $182.20 million, a P/E ratio of -1.57 and a beta of 1.88.

Insider Activity at OneWater Marine

In related news, Director John Troiano sold 15,041 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $17.35, for a total transaction of $260,961.35. Following the transaction, the director directly owned 52,226 shares of the company’s stock, valued at approximately $906,121.10. The trade was a 22.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Philip Austin Jr. Singleton acquired 3,654 shares of the company’s stock in a transaction on Friday, September 19th. The stock was bought at an average price of $15.37 per share, for a total transaction of $56,161.98. Following the purchase, the chief executive officer owned 712,244 shares in the company, valued at approximately $10,947,190.28. This trade represents a 0.52% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 20.30% of the company’s stock.

Institutional Trading of OneWater Marine

Several hedge funds and other institutional investors have recently modified their holdings of the company. AlphaQuest LLC boosted its position in OneWater Marine by 20.8% during the second quarter. AlphaQuest LLC now owns 8,097 shares of the company’s stock valued at $108,000 after purchasing an additional 1,392 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of OneWater Marine by 94.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock valued at $45,000 after buying an additional 1,395 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of OneWater Marine by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 549,856 shares of the company’s stock valued at $8,710,000 after buying an additional 2,378 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of OneWater Marine by 50.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock valued at $129,000 after buying an additional 2,710 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in shares of OneWater Marine by 5.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 59,870 shares of the company’s stock valued at $948,000 after buying an additional 3,312 shares in the last quarter. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

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 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.