OneWater Marine (NASDAQ:ONEW) Price Target Cut to $25.00 by Analysts at Stifel Nicolaus

OneWater Marine (NASDAQ:ONEW) had its target price decreased by Stifel Nicolaus from $31.00 to $25.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

ONEW has been the subject of a number of other research reports. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a research report on Friday, November 15th. KeyCorp cut their price objective on shares of OneWater Marine from $27.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. DA Davidson lowered their target price on shares of OneWater Marine from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Finally, Truist Financial cut their price target on OneWater Marine from $30.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, OneWater Marine has an average rating of “Moderate Buy” and a consensus target price of $23.75.

OneWater Marine Price Performance

ONEW opened at $15.86 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 0.31 and a debt-to-equity ratio of 1.06. OneWater Marine has a twelve month low of $14.29 and a twelve month high of $31.36. The company’s 50-day moving average price is $19.87 and its two-hundred day moving average price is $22.47.

Insider Buying and Selling at OneWater Marine

In related news, Director J Steven Roy purchased 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $19.05 per share, with a total value of $47,625.00. Following the completion of the purchase, the director now directly owns 20,760 shares in the company, valued at approximately $395,478. This represents a 13.69 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Philip Austin Jr. Singleton bought 11,939 shares of OneWater Marine stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of $19.42 per share, for a total transaction of $231,855.38. Following the acquisition, the chief executive officer now directly owns 632,161 shares in the company, valued at approximately $12,276,566.62. This trade represents a 1.92 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 28,485 shares of company stock worth $543,089 over the last three months. Company insiders own 18.70% of the company’s stock.

Institutional Investors Weigh In On OneWater Marine

Several hedge funds have recently made changes to their positions in ONEW. Royce & Associates LP grew its position in shares of OneWater Marine by 9.7% in the 3rd quarter. Royce & Associates LP now owns 1,637,378 shares of the company’s stock worth $39,150,000 after buying an additional 144,926 shares during the period. Private Management Group Inc. raised its holdings in OneWater Marine by 0.9% in the third quarter. Private Management Group Inc. now owns 632,380 shares of the company’s stock worth $15,120,000 after buying an additional 5,916 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of OneWater Marine by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock worth $11,892,000 after buying an additional 24,364 shares in the last quarter. Geode Capital Management LLC increased its position in shares of OneWater Marine by 11.4% during the third quarter. Geode Capital Management LLC now owns 293,831 shares of the company’s stock valued at $7,028,000 after acquiring an additional 29,952 shares in the last quarter. Finally, State Street Corp lifted its position in OneWater Marine by 0.5% in the 3rd quarter. State Street Corp now owns 226,038 shares of the company’s stock valued at $5,405,000 after acquiring an additional 1,131 shares in the last quarter. 94.32% of the stock is currently owned by 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.