KeyCorp Cuts OneWater Marine (NASDAQ:ONEW) Price Target to $16.00

OneWater Marine (NASDAQ:ONEW) had its price objective lowered by KeyCorp from $22.00 to $16.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock. KeyCorp also issued estimates for OneWater Marine’s Q3 2025 earnings at $1.12 EPS.

ONEW has been the topic of a number of other research reports. Truist Financial reduced their price objective on OneWater Marine from $25.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Robert W. Baird restated a “neutral” rating and set a $18.00 price objective (down from $25.00) on shares of OneWater Marine in a research report on Friday, April 4th. Baird R W lowered shares of OneWater Marine from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Stifel Nicolaus cut their price target on shares of OneWater Marine from $31.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.60.

OneWater Marine Stock Up 5.1 %

NASDAQ ONEW opened at $13.49 on Thursday. The business has a fifty day moving average price of $16.21 and a 200 day moving average price of $18.61. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.25 and a current ratio of 1.24. The company has a market cap of $220.06 million, a P/E ratio of -18.74 and a beta of 2.33. OneWater Marine has a one year low of $12.02 and a one year high of $31.36.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings results on Thursday, January 30th. The company reported ($0.54) earnings per share for the quarter, topping the consensus estimate of ($0.84) by $0.30. OneWater Marine had a negative net margin of 0.59% and a positive return on equity of 3.09%. Research analysts anticipate that OneWater Marine will post 1.57 EPS for the current fiscal year.

Insider Activity

In other news, CEO Philip Austin Jr. Singleton acquired 15,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $15.40 per share, with a total value of $231,000.00. Following the completion of the purchase, the chief executive officer now owns 682,368 shares of the company’s stock, valued at $10,508,467.20. This represents a 2.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 20.30% of the company’s stock.

Institutional Trading of OneWater Marine

Institutional investors and hedge funds have recently bought and sold shares of the business. Royce & Associates LP increased its stake in OneWater Marine by 13.2% during the 4th quarter. Royce & Associates LP now owns 1,853,788 shares of the company’s stock worth $32,219,000 after buying an additional 216,410 shares during the period. American Century Companies Inc. boosted its holdings in OneWater Marine by 1.8% in the fourth quarter. American Century Companies Inc. now owns 1,676,270 shares of the company’s stock valued at $29,134,000 after purchasing an additional 29,468 shares during the period. Dimensional Fund Advisors LP grew its stake in OneWater Marine by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 470,987 shares of the company’s stock worth $8,186,000 after purchasing an additional 3,508 shares in the last quarter. Geode Capital Management LLC increased its holdings in OneWater Marine by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 296,285 shares of the company’s stock worth $5,150,000 after purchasing an additional 2,454 shares during the period. Finally, Sei Investments Co. raised its position in OneWater Marine by 14.0% in the 4th quarter. Sei Investments Co. now owns 229,506 shares of the company’s stock valued at $3,989,000 after purchasing an additional 28,164 shares in the last quarter. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

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.