OneWater Marine (NASDAQ:ONEW) Price Target Cut to $22.00 by Analysts at KeyCorp

OneWater Marine (NASDAQ:ONEW) had its target price trimmed by KeyCorp from $27.00 to $22.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus dropped their price objective on shares of OneWater Marine from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a report on Friday, November 15th. Truist Financial cut their price target on OneWater Marine from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, DA Davidson reduced their price objective on OneWater Marine from $27.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.25.

OneWater Marine Stock Performance

Shares of OneWater Marine stock opened at $15.78 on Wednesday. OneWater Marine has a 12 month low of $15.35 and a 12 month high of $31.59. The firm has a market capitalization of $256.52 million, a P/E ratio of -39.45 and a beta of 2.58. The company has a current ratio of 1.28, a quick ratio of 0.35 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $20.45 and a two-hundred day simple moving average of $22.85.

Insider Activity at OneWater Marine

In related news, CEO Philip Austin Jr. Singleton bought 13,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of $18.60 per share, for a total transaction of $241,800.00. Following the purchase, the chief executive officer now owns 667,368 shares in the company, valued at approximately $12,413,044.80. This represents a 1.99 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director J Steven Roy purchased 2,500 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average price of $19.05 per share, for a total transaction of $47,625.00. Following the completion of the purchase, the director now owns 20,760 shares in the company, valued at approximately $395,478. The trade was a 13.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 28,485 shares of company stock valued at $543,089 over the last ninety days. Insiders own 18.70% of the company’s stock.

Hedge Funds Weigh In On OneWater Marine

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC grew its holdings in OneWater Marine by 332.5% during the third quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after purchasing an additional 3,312 shares during the period. SG Americas Securities LLC purchased a new position in shares of OneWater Marine during the 3rd quarter valued at about $119,000. Bfsg LLC grew its stake in shares of OneWater Marine by 12.2% during the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company’s stock valued at $124,000 after acquiring an additional 565 shares during the period. Barclays PLC increased its holdings in OneWater Marine by 267.9% in the 3rd quarter. Barclays PLC now owns 15,677 shares of the company’s stock worth $375,000 after acquiring an additional 11,416 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in OneWater Marine by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock worth $531,000 after acquiring an additional 994 shares in the last quarter. Hedge funds and other institutional investors own 94.32% of the company’s stock.

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.