OneWater Marine (ONEW) – Research Analysts’ Recent Ratings Updates

OneWater Marine (NASDAQ: ONEW) has recently received a number of price target changes and ratings updates:

• 11/18/2024 – OneWater Marine had its price target lowered by analysts at DA Davidson from $27.00 to $23.00. They now have a “neutral” rating on the stock.
• 11/15/2024 – OneWater Marine had its price target lowered by analysts at KeyCorp from $29.00 to $27.00. They now have an “overweight” rating on the stock.
• 11/15/2024 – OneWater Marine had its “hold” rating reaffirmed by analysts at Benchmark Co..
• 11/15/2024 – OneWater Marine had its price target lowered by analysts at Stifel Nicolaus from $34.00 to $31.00. They now have a “buy” rating on the stock.

OneWater Marine Price Performance

Shares of ONEW traded up $0.62 during trading hours on Thursday, hitting $22.15. 120,276 shares of the company were exchanged, compared to its average volume of 90,419. The company has a quick ratio of 0.35, a current ratio of 1.29 and a debt-to-equity ratio of 1.04. OneWater Marine Inc. has a fifty-two week low of $18.55 and a fifty-two week high of $35.86. The company has a market cap of $355.66 million, a price-to-earnings ratio of -55.38 and a beta of 2.58. The firm’s fifty day moving average is $22.41 and its 200 day moving average is $24.46.

Insider Buying and Selling at OneWater Marine

In other OneWater Marine news, CEO Philip Austin Jr. Singleton acquired 6,700 shares of the stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of $22.39 per share, with a total value of $150,013.00. Following the transaction, the chief executive officer now owns 620,217 shares in the company, valued at approximately $13,886,658.63. The trade was a 1.09 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director J Steven Roy purchased 2,500 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were acquired at an average price of $19.05 per share, for a total transaction of $47,625.00. Following the completion of the acquisition, the director now directly owns 20,760 shares in the company, valued at approximately $395,478. This represents a 13.69 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 31,139 shares of company stock worth $644,493 over the last quarter. Corporate insiders own 18.70% of the company’s stock.

Hedge Funds Weigh In On OneWater Marine

Hedge funds have recently modified their holdings of the company. Barclays PLC grew its stake in shares of OneWater Marine by 267.9% during the 3rd quarter. Barclays PLC now owns 15,677 shares of the company’s stock worth $375,000 after acquiring an additional 11,416 shares during the period. Geode Capital Management LLC boosted its stake in OneWater Marine by 11.4% during the third quarter. Geode Capital Management LLC now owns 293,831 shares of the company’s stock valued at $7,028,000 after buying an additional 29,952 shares during the period. State Street Corp grew its holdings in shares of OneWater Marine by 0.5% during the third quarter. State Street Corp now owns 226,038 shares of the company’s stock worth $5,405,000 after purchasing an additional 1,131 shares in the last quarter. De Lisle Partners LLP grew its stake in OneWater Marine by 7.4% in the 3rd quarter. De Lisle Partners LLP now owns 58,043 shares of the company’s stock worth $1,390,000 after buying an additional 4,000 shares in the last quarter. Finally, FMR LLC raised its position in OneWater Marine by 332.5% during the third quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after purchasing an additional 3,312 shares in the last quarter. Institutional investors own 94.32% of the company’s stock.

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.