OneWater Marine (NASDAQ:ONEW) Given New $25.00 Price Target at Truist Financial

OneWater Marine (NASDAQ:ONEW) had its target price lowered by Truist Financial from $30.00 to $25.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on ONEW. Stifel Nicolaus decreased their target price on OneWater Marine from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, November 15th. KeyCorp lowered their price objective on shares of OneWater Marine from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a research note on Friday, November 15th. Finally, DA Davidson dropped their price target on OneWater Marine from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $26.50.

OneWater Marine Stock Performance

Shares of ONEW opened at $16.25 on Tuesday. The company has a market cap of $264.16 million, a price-to-earnings ratio of -40.62 and a beta of 2.58. The business’s fifty day simple moving average is $20.59 and its two-hundred day simple moving average is $22.90. OneWater Marine has a 12 month low of $15.76 and a 12 month high of $31.94. The company has a current ratio of 1.28, a quick ratio of 0.35 and a debt-to-equity ratio of 1.06.

Insider Transactions at OneWater Marine

In related news, CEO Philip Austin Jr. Singleton acquired 11,939 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average price of $19.42 per share, with a total value of $231,855.38. Following the completion of the purchase, the chief executive officer now directly owns 632,161 shares of the company’s stock, valued at $12,276,566.62. This represents a 1.92 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Steven Roy bought 2,500 shares of OneWater Marine stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average cost of $19.05 per share, with a total value of $47,625.00. Following the completion of the acquisition, the director now directly owns 20,760 shares in the company, valued at $395,478. This represents a 13.69 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 28,485 shares of company stock worth $543,089 in the last 90 days. 18.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OneWater Marine

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC raised its stake in OneWater Marine by 332.5% during the 3rd quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after purchasing an additional 3,312 shares during the period. SG Americas Securities LLC purchased a new position in shares of OneWater Marine in the 3rd quarter worth $119,000. Bfsg LLC raised its position in shares of OneWater Marine by 12.2% during the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company’s stock valued at $124,000 after buying an additional 565 shares in the last quarter. Barclays PLC grew its position in OneWater Marine by 267.9% in the third quarter. Barclays PLC now owns 15,677 shares of the company’s stock worth $375,000 after acquiring an additional 11,416 shares in the last quarter. Finally, Rhumbline Advisers grew its position in OneWater Marine by 5.4% in the second quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock worth $531,000 after acquiring an additional 994 shares in the last quarter. 94.32% of the stock is owned by institutional investors.

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.