OneWater Marine (NASDAQ:ONEW) Given New $31.00 Price Target at Stifel Nicolaus

OneWater Marine (NASDAQ:ONEW) had its price objective lowered by research analysts at Stifel Nicolaus from $34.00 to $31.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 49.61% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. KeyCorp decreased their target price on OneWater Marine from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

OneWater Marine Stock Performance

NASDAQ ONEW traded down $0.51 during trading on Friday, reaching $20.72. 56,821 shares of the company’s stock were exchanged, compared to its average volume of 88,323. The business has a 50 day moving average price of $22.71 and a 200-day moving average price of $24.58. The stock has a market capitalization of $332.76 million, a P/E ratio of -3.11 and a beta of 2.58. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.29 and a quick ratio of 0.35. OneWater Marine has a fifty-two week low of $20.00 and a fifty-two week high of $35.86.

Insider Activity at OneWater Marine

In other OneWater Marine news, COO Anthony M. Aisquith bought 5,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $21.75 per share, for a total transaction of $108,750.00. Following the completion of the purchase, the chief operating officer now directly owns 724,316 shares of the company’s stock, valued at approximately $15,753,873. This trade represents a 0.70 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Philip Austin Jr. Singleton purchased 6,700 shares of the stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $22.39 per share, with a total value of $150,013.00. Following the completion of the acquisition, the chief executive officer now directly owns 620,217 shares of the company’s stock, valued at approximately $13,886,658.63. This represents a 1.09 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 20,034 shares of company stock worth $441,828. Company insiders own 18.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ONEW. SageView Advisory Group LLC acquired a new stake in OneWater Marine in the first quarter valued at $322,000. Vanguard Group Inc. increased its holdings in OneWater Marine by 2.0% in the first quarter. Vanguard Group Inc. now owns 581,355 shares of the company’s stock valued at $16,365,000 after purchasing an additional 11,227 shares during the period. NBW Capital LLC increased its holdings in OneWater Marine by 1.6% in the first quarter. NBW Capital LLC now owns 253,079 shares of the company’s stock valued at $7,124,000 after purchasing an additional 4,100 shares during the period. Bank of New York Mellon Corp increased its holdings in OneWater Marine by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 74,792 shares of the company’s stock valued at $2,062,000 after purchasing an additional 4,539 shares during the period. Finally, Rhumbline Advisers increased 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. 94.32% of the stock is currently owned by institutional investors and hedge funds.

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.