OneWater Marine (NASDAQ:ONEW) Upgraded at Zacks Research

Zacks Research upgraded shares of OneWater Marine (NASDAQ:ONEW) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Truist Financial upped their target price on OneWater Marine from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. KeyCorp decreased their price objective on OneWater Marine from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of OneWater Marine in a research report on Wednesday, October 8th. Finally, Benchmark restated a “hold” rating on shares of OneWater Marine in a report on Friday, November 14th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, OneWater Marine presently has a consensus rating of “Hold” and a consensus target price of $17.00.

OneWater Marine Price Performance

Shares of NASDAQ ONEW opened at $13.46 on Monday. The stock has a market cap of $222.47 million, a price-to-earnings ratio of -1.90 and a beta of 1.64. OneWater Marine has a 52 week low of $10.14 and a 52 week high of $21.00. The company’s 50-day moving average price is $11.94 and its 200 day moving average price is $14.37. The company has a current ratio of 1.14, a quick ratio of 0.28 and a debt-to-equity ratio of 1.17.

Institutional Trading of OneWater Marine

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake in shares of OneWater Marine by 94.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock valued at $45,000 after acquiring an additional 1,395 shares during the last quarter. AlphaQuest LLC grew its holdings in OneWater Marine by 20.8% in the second quarter. AlphaQuest LLC now owns 8,097 shares of the company’s stock valued at $108,000 after purchasing an additional 1,392 shares during the period. JPMorgan Chase & Co. increased its position in OneWater Marine by 50.0% during the third quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock worth $129,000 after purchasing an additional 2,710 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new position in OneWater Marine during the third quarter worth approximately $192,000. Finally, Two Sigma Investments LP purchased a new position in OneWater Marine during the third quarter worth approximately $219,000. Hedge funds and other institutional investors own 94.32% of the company’s stock.

About OneWater Marine

OneWater Marine Inc (NASDAQ: ONEW) is a leading U.S.-based recreational boat retailer offering a comprehensive range of marine products and services. Since its public debut in 2018, the company has built a broad network of locations that serve both coastal and inland markets. OneWater Marine focuses on delivering a full-service customer experience, from initial boat selection to long-term maintenance and support.

Through its dealership network, OneWater Marine markets new and pre-owned powerboats and personal watercraft from top manufacturers.