OneWater Marine Inc. (NASDAQ:ONEW) Given Consensus Rating of “Moderate Buy” by Brokerages

OneWater Marine Inc. (NASDAQ:ONEW) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings 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 target price among brokers that have issued a report on the stock in the last year is $31.60.

A number of brokerages have commented on ONEW. Truist Financial lowered their target price on OneWater Marine from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Stifel Nicolaus boosted their target price on OneWater Marine from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. KeyCorp decreased their price target on OneWater Marine from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Finally, DA Davidson reiterated a “neutral” rating and set a $27.00 price target on shares of OneWater Marine in a research note on Friday, March 15th.

Institutional Trading of OneWater Marine

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new position in shares of OneWater Marine during the 4th quarter worth about $29,000. Tower Research Capital LLC TRC lifted its position in shares of OneWater Marine by 319.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock worth $71,000 after purchasing an additional 1,597 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of OneWater Marine during the 3rd quarter worth about $127,000. Bfsg LLC acquired a new position in shares of OneWater Marine during the 4th quarter worth about $171,000. Finally, MTM Investment Management LLC acquired a new position in shares of OneWater Marine during the 4th quarter worth about $217,000. Institutional investors own 94.32% of the company’s stock.

OneWater Marine Stock Performance

Shares of NASDAQ ONEW opened at $24.38 on Friday. The business’s 50-day moving average price is $24.82 and its two-hundred day moving average price is $26.59. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.27 and a quick ratio of 0.26. OneWater Marine has a one year low of $20.07 and a one year high of $39.15. The company has a market capitalization of $389.45 million, a P/E ratio of -4.28 and a beta of 2.55.

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.