OneWater Marine (NASDAQ:ONEW) Given New $25.00 Price Target at Stifel Nicolaus

OneWater Marine (NASDAQ:ONEWGet Free Report) had its price objective decreased by stock analysts at Stifel Nicolaus from $31.00 to $25.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 61.92% from the company’s current price.

Other research analysts also recently issued reports about the stock. DA Davidson cut their price target on shares of OneWater Marine from $27.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, November 18th. KeyCorp dropped their price objective on OneWater Marine from $27.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a report on Friday, November 15th. Finally, Truist Financial dropped their price target on OneWater Marine from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.75.

Get Our Latest Stock Report on OneWater Marine

OneWater Marine Price Performance

ONEW stock traded up $0.49 during mid-day trading on Wednesday, reaching $15.44. 35,290 shares of the company traded hands, compared to its average volume of 137,798. OneWater Marine has a 52-week low of $14.29 and a 52-week high of $31.36. The company has a market capitalization of $250.99 million, a P/E ratio of -38.60 and a beta of 2.58. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 0.35. The company has a fifty day moving average price of $19.87 and a 200-day moving average price of $22.47.

Insider Buying and Selling at OneWater Marine

In other OneWater Marine news, CEO Philip Austin Jr. Singleton purchased 11,939 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were purchased at an average cost of $19.42 per share, with a total value of $231,855.38. Following the completion of the purchase, the chief executive officer now owns 632,161 shares of the company’s stock, valued at $12,276,566.62. The trade was a 1.92 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director J Steven Roy acquired 2,500 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average cost of $19.05 per share, with a total value of $47,625.00. Following the purchase, 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 bought 28,485 shares of company stock worth $543,089 over the last 90 days. Corporate insiders own 18.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. FMR LLC grew its position in OneWater Marine by 332.5% during the 3rd quarter. FMR LLC now owns 4,308 shares of the company’s stock worth $103,000 after acquiring an additional 3,312 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of OneWater Marine during the third quarter valued at approximately $119,000. Bfsg LLC increased its stake in shares of OneWater Marine by 12.2% in the third quarter. Bfsg LLC now owns 5,186 shares of the company’s stock worth $124,000 after buying an additional 565 shares during the period. Barclays PLC raised its holdings in OneWater Marine by 267.9% during the 3rd quarter. Barclays PLC now owns 15,677 shares of the company’s stock valued at $375,000 after buying an additional 11,416 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in OneWater Marine by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock valued at $531,000 after buying an additional 994 shares during the period. Hedge funds and other institutional investors own 94.32% of the company’s stock.

About OneWater Marine

(Get Free Report)

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.

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