Brokerages Set OneWater Marine Inc. (NASDAQ:ONEW) PT at $31.60

Shares of OneWater Marine Inc. (NASDAQ:ONEW) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $31.60.

ONEW has been the topic of several recent analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $27.00 price target on shares of OneWater Marine in a research note on Friday, March 15th. KeyCorp reduced their price target on shares of OneWater Marine from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Stifel Nicolaus increased their target price on shares of OneWater Marine from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Truist Financial dropped their target price on shares of OneWater Marine from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, February 2nd.

Institutional Trading of OneWater Marine

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of OneWater Marine in the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC boosted its holdings in shares of OneWater Marine by 319.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock valued at $71,000 after buying an additional 1,597 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of OneWater Marine in the 3rd quarter valued at about $127,000. Bfsg LLC bought a new stake in shares of OneWater Marine in the 4th quarter valued at about $171,000. Finally, MTM Investment Management LLC bought a new stake in shares of OneWater Marine in the 4th quarter valued at about $217,000. 94.32% of the stock is currently owned by institutional investors.

OneWater Marine Trading Down 3.0 %

ONEW stock opened at $22.57 on Friday. The company has a market capitalization of $360.44 million, a PE ratio of -3.96 and a beta of 2.55. OneWater Marine has a 12 month low of $20.07 and a 12 month high of $39.15. The firm’s 50-day moving average is $24.93 and its 200 day moving average is $26.62. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.27 and a quick ratio of 0.26.

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.