OneWater Marine Inc. (NASDAQ:ONEW) Given Consensus Recommendation of “Hold” by Brokerages

Shares of OneWater Marine Inc. (NASDAQ:ONEW) have earned an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $19.60.

A number of equities analysts have recently weighed in on ONEW shares. KeyCorp upped their target price on OneWater Marine from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Zacks Research lowered shares of OneWater Marine from a “hold” rating to a “strong sell” rating in a research note on Monday, August 25th.

Insider Activity at OneWater Marine

In related news, Director John Troiano sold 15,041 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $17.35, for a total value of $260,961.35. Following the sale, the director owned 52,226 shares in the company, valued at $906,121.10. This represents a 22.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 20.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OneWater Marine

A number of hedge funds have recently added to or reduced their stakes in ONEW. BNP Paribas Financial Markets bought a new stake in OneWater Marine during the 4th quarter worth approximately $29,000. GAMMA Investing LLC boosted its position in shares of OneWater Marine by 404.5% during the first quarter. GAMMA Investing LLC now owns 2,109 shares of the company’s stock valued at $34,000 after buying an additional 1,691 shares during the last quarter. Wells Fargo & Company MN grew its holdings in OneWater Marine by 27.0% during the fourth quarter. Wells Fargo & Company MN now owns 7,194 shares of the company’s stock worth $125,000 after buying an additional 1,529 shares in the last quarter. AlphaQuest LLC raised its position in OneWater Marine by 20.8% in the 2nd quarter. AlphaQuest LLC now owns 8,097 shares of the company’s stock valued at $108,000 after buying an additional 1,392 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in OneWater Marine in the 4th quarter valued at $199,000. Institutional investors and hedge funds own 94.32% of the company’s stock.

OneWater Marine Stock Performance

Shares of ONEW opened at $16.82 on Monday. OneWater Marine has a one year low of $11.58 and a one year high of $26.77. The company has a market cap of $275.34 million, a PE ratio of -20.77 and a beta of 1.99. The stock has a 50-day moving average of $15.66 and a 200-day moving average of $15.24. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.23 and a quick ratio of 0.37.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.33). The firm had revenue of $552.86 million for the quarter, compared to analyst estimates of $532.01 million. OneWater Marine had a positive return on equity of 0.45% and a negative net margin of 0.61%. OneWater Marine has set its FY 2025 guidance at 0.500-0.750 EPS. On average, equities research analysts predict that OneWater Marine will post 1.57 EPS for the current fiscal year.

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.