Brokerages Set OneWater Marine Inc. (NASDAQ:ONEW) Target Price at $31.25

OneWater Marine Inc. (NASDAQ:ONEW) has been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $31.25.

ONEW has been the topic of a number of research analyst reports. Benchmark reissued a “hold” rating on shares of OneWater Marine in a research note on Wednesday, July 31st. KeyCorp cut their target price on shares of OneWater Marine from $30.00 to $29.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st.

Insider Buying and Selling at OneWater Marine

In other news, Director Jeffrey B. Lamkin acquired 2,567 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average cost of $22.90 per share, with a total value of $58,784.30. Following the transaction, the director now owns 62,281 shares in the company, valued at approximately $1,426,234.90. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other OneWater Marine news, COO Anthony M. Aisquith purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average price of $21.25 per share, for a total transaction of $106,250.00. Following the purchase, the chief operating officer now directly owns 729,316 shares in the company, valued at approximately $15,497,965. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey B. Lamkin purchased 2,567 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of $22.90 per share, with a total value of $58,784.30. Following the purchase, the director now owns 62,281 shares in the company, valued at $1,426,234.90. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 72,329 shares of company stock valued at $1,602,149. Insiders own 18.70% of the company’s stock.

Hedge Funds Weigh In On OneWater Marine

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of OneWater Marine in the 3rd quarter valued at about $119,000. Bfsg LLC grew its holdings in OneWater Marine by 12.2% in the third quarter. Bfsg LLC now owns 5,186 shares of the company’s stock valued at $124,000 after purchasing an additional 565 shares during the period. SageView Advisory Group LLC purchased a new stake in OneWater Marine in the first quarter valued at approximately $322,000. Rhumbline Advisers grew its holdings in OneWater Marine by 5.4% in the second quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock valued at $531,000 after purchasing an additional 994 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in OneWater Marine by 6.5% during the second quarter. Bank of New York Mellon Corp now owns 74,792 shares of the company’s stock worth $2,062,000 after buying an additional 4,539 shares during the period. Hedge funds and other institutional investors own 94.32% of the company’s stock.

OneWater Marine Price Performance

OneWater Marine stock opened at $21.77 on Friday. The company’s 50 day simple moving average is $22.69 and its 200-day simple moving average is $24.55. The company has a market capitalization of $349.56 million, a price-to-earnings ratio of -3.82 and a beta of 2.57. OneWater Marine has a 1 year low of $20.00 and a 1 year high of $35.86. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 1.29.

OneWater Marine (NASDAQ:ONEW) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($1.01). The company had revenue of $542.44 million during the quarter, compared to analysts’ expectations of $600.20 million. OneWater Marine had a negative net margin of 5.16% and a positive return on equity of 6.60%. During the same period last year, the firm posted $1.95 earnings per share. As a group, equities research analysts expect that OneWater Marine will post 1.39 earnings per share for the current year.

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.