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

Shares of OneWater Marine Inc. (NASDAQ:ONEW) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $31.60.

A number of brokerages have recently weighed in on ONEW. DA Davidson restated a “neutral” rating and set a $27.00 price target on shares of OneWater Marine in a research note on Friday, March 15th. KeyCorp dropped their target price on OneWater Marine from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Finally, Benchmark initiated coverage on OneWater Marine in a research report on Wednesday, May 22nd. They issued a “hold” rating on the stock.

OneWater Marine Stock Performance

Shares of OneWater Marine stock opened at $27.57 on Monday. The company has a market capitalization of $441.67 million, a PE ratio of -4.84 and a beta of 2.58. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.30 and a current ratio of 1.21. The company has a 50-day simple moving average of $25.72 and a two-hundred day simple moving average of $26.98. OneWater Marine has a one year low of $20.07 and a one year high of $39.15.

OneWater Marine (NASDAQ:ONEW) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.67 earnings per share 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 analysts’ expectations of $500.87 million. Research analysts expect that OneWater Marine will post 3.44 EPS for the current fiscal year.

Institutional Investors Weigh In On OneWater Marine

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new stake in OneWater Marine in the 4th quarter worth approximately $29,000. Tower Research Capital LLC TRC raised its stake in shares of OneWater Marine by 319.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock worth $71,000 after buying an additional 1,597 shares during the period. Bfsg LLC acquired a new position in shares of OneWater Marine during the 4th quarter worth approximately $171,000. SG Americas Securities LLC raised its stake in shares of OneWater Marine by 27.3% during the 4th quarter. SG Americas Securities LLC now owns 6,297 shares of the company’s stock worth $213,000 after buying an additional 1,350 shares during the period. Finally, MTM Investment Management LLC acquired a new position in shares of OneWater Marine during the 4th quarter worth approximately $217,000. Hedge funds and other institutional investors own 94.32% of the company’s stock.

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.