OneWater Marine (NASDAQ:ONEW) Given New $15.00 Price Target at Truist Financial

OneWater Marine (NASDAQ:ONEW) had its price objective decreased by Truist Financial from $17.00 to $15.00 in a research note released on Monday, Marketbeat reports. Truist Financial currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Zacks Research upgraded shares of OneWater Marine from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of OneWater Marine in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, OneWater Marine currently has an average rating of “Hold” and a consensus price target of $16.00.

OneWater Marine Price Performance

Shares of ONEW stock opened at $10.63 on Monday. The firm has a market cap of $176.56 million, a price-to-earnings ratio of -1.58 and a beta of 1.69. OneWater Marine has a 12 month low of $8.12 and a 12 month high of $17.92. The company has a quick ratio of 0.26, a current ratio of 1.13 and a debt-to-equity ratio of 1.18. The stock has a 50-day moving average price of $10.24 and a 200 day moving average price of $12.07.

OneWater Marine (NASDAQ:ONEW) last released its earnings results on Thursday, January 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.35. The company had revenue of $380.56 million for the quarter, compared to the consensus estimate of $380.32 million. OneWater Marine had a negative net margin of 5.88% and a positive return on equity of 4.32%. Research analysts expect that OneWater Marine will post 0.45 EPS for the current year.

Insider Transactions at OneWater Marine

In related news, Chairman Philip Austin Jr. Singleton bought 18,008 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was bought at an average cost of $12.52 per share, for a total transaction of $225,460.16. Following the transaction, the chairman owned 779,776 shares of the company’s stock, valued at $9,762,795.52. This represents a 2.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 19.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in OneWater Marine by 3.6% in the third quarter. American Century Companies Inc. now owns 2,040,568 shares of the company’s stock worth $32,323,000 after purchasing an additional 71,026 shares during the period. Divisadero Street Capital Management LP acquired a new position in shares of OneWater Marine in the 3rd quarter valued at $1,711,000. First Eagle Investment Management LLC grew its holdings in shares of OneWater Marine by 10.5% in the 3rd quarter. First Eagle Investment Management LLC now owns 277,293 shares of the company’s stock valued at $4,392,000 after buying an additional 26,245 shares during the period. GSA Capital Partners LLP bought a new stake in shares of OneWater Marine in the 3rd quarter valued at $523,000. Finally, AlphaQuest LLC increased its position in shares of OneWater Marine by 238.7% in the 3rd quarter. AlphaQuest LLC now owns 27,425 shares of the company’s stock valued at $434,000 after buying an additional 19,328 shares in the last quarter. 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.