OneWater Marine Inc. (NASDAQ:ONEW) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of OneWater Marine Inc. (NASDAQ:ONEW) have earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $31.60.

Several equities analysts have commented on the stock. DA Davidson reissued a “neutral” rating and issued a $27.00 target price on shares of OneWater Marine in a report on Friday, March 15th. KeyCorp decreased their target price on shares of OneWater Marine from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Finally, Benchmark assumed coverage on shares of OneWater Marine in a report on Wednesday, May 22nd. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On OneWater Marine

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new stake in shares of OneWater Marine in the 4th quarter valued at approximately $29,000. Tower Research Capital LLC TRC boosted its stake in shares of OneWater Marine by 319.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock valued at $71,000 after purchasing an additional 1,597 shares in the last quarter. Bfsg LLC acquired a new stake in shares of OneWater Marine in the 4th quarter valued at approximately $171,000. SG Americas Securities LLC boosted its stake in shares of OneWater Marine by 27.3% in the 4th quarter. SG Americas Securities LLC now owns 6,297 shares of the company’s stock valued at $213,000 after purchasing an additional 1,350 shares in the last quarter. Finally, MTM Investment Management LLC acquired a new stake in shares of OneWater Marine in the 4th quarter valued at approximately $217,000. 94.32% of the stock is currently owned by institutional investors and hedge funds.

OneWater Marine Price Performance

NASDAQ:ONEW opened at $27.30 on Monday. OneWater Marine has a 52 week low of $20.07 and a 52 week high of $39.15. The firm has a market cap of $437.35 million, a price-to-earnings ratio of -4.79 and a beta of 2.58. The firm’s 50-day simple moving average is $25.38 and its 200 day simple moving average is $26.98. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.30 and a current ratio of 1.21.

OneWater Marine (NASDAQ:ONEW) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.05). OneWater Marine had a positive return on equity of 9.20% and a negative net margin of 4.29%. The business had revenue of $488.32 million for the quarter, compared to the consensus estimate of $500.87 million. As a group, sell-side analysts predict that OneWater Marine will post 3.44 earnings per share for the current year.

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.