OneWater Marine Inc. (NASDAQ:ONEW) Receives Consensus Rating of “Hold” from Analysts

OneWater Marine Inc. (NASDAQ:ONEW) has been given an average recommendation of “Hold” by the eight analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $19.00.

A number of analysts have recently weighed in on the stock. KeyCorp cut their price target on shares of OneWater Marine from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, November 14th. Truist Financial increased their target price on shares of OneWater Marine from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Weiss Ratings restated a “sell (d-)” rating on shares of OneWater Marine in a research note on Wednesday, October 8th. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a report on Friday, November 14th. Finally, Zacks Research downgraded shares of OneWater Marine from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th.

OneWater Marine Price Performance

OneWater Marine stock opened at $12.92 on Friday. The company has a market capitalization of $213.54 million, a price-to-earnings ratio of -1.82 and a beta of 1.64. The company has a current ratio of 1.14, a quick ratio of 0.28 and a debt-to-equity ratio of 1.17. OneWater Marine has a 12 month low of $10.14 and a 12 month high of $21.00. The stock’s 50 day moving average is $12.12 and its 200-day moving average is $14.38.

Institutional Trading of OneWater Marine

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in shares of OneWater Marine by 94.4% in the third quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock valued at $45,000 after buying an additional 1,395 shares during the period. AlphaQuest LLC raised its position in OneWater Marine by 20.8% during the 2nd quarter. AlphaQuest LLC now owns 8,097 shares of the company’s stock worth $108,000 after purchasing an additional 1,392 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in OneWater Marine by 50.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock worth $129,000 after buying an additional 2,710 shares during the period. Occudo Quantitative Strategies LP acquired a new position in OneWater Marine during the 3rd quarter worth about $192,000. Finally, Two Sigma Investments LP bought a new stake in shares of OneWater Marine in the 3rd quarter valued at about $219,000. 94.32% of the stock is owned by institutional investors and hedge funds.

OneWater Marine Company Profile

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.