DA Davidson Has Lowered Expectations for OneWater Marine (NASDAQ:ONEW) Stock Price

OneWater Marine (NASDAQ:ONEW - Get Free Report) had its price target dropped by equities researchers at DA Davidson from $27.00 to $23.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. DA Davidson's price objective would suggest a potential upside of 16.99% from the company's current price.

ONEW has been the topic of a number of other reports. KeyCorp dropped their target price on OneWater Marine from $29.00 to $27.00 and set an "overweight" rating on the stock in a research report on Friday. Benchmark restated a "hold" rating on shares of OneWater Marine in a report on Friday. Finally, Stifel Nicolaus cut their target price on OneWater Marine from $34.00 to $31.00 and set a "buy" rating on the stock in a research report on Friday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.00.

OneWater Marine Trading Down 1.7 %

Shares of OneWater Marine stock traded down $0.34 during trading hours on Monday, hitting $19.66. The company's stock had a trading volume of 102,373 shares, compared to its average volume of 89,162. The business has a fifty day moving average of $22.67 and a 200 day moving average of $24.62. OneWater Marine has a 1-year low of $19.60 and a 1-year high of $35.86. The company has a quick ratio of 0.35, a current ratio of 1.29 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $315.68 million, a PE ratio of -51.50 and a beta of 2.58.

Insiders Place Their Bets

In other news, COO Anthony M. Aisquith bought 5,000 shares of the firm's stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $21.75 per share, for a total transaction of $108,750.00. Following the transaction, the chief operating officer now owns 724,316 shares in the company, valued at approximately $15,753,873. This trade represents a 0.70 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Philip Austin Jr. Singleton bought 3,334 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was acquired at an average price of $23.04 per share, for a total transaction of $76,815.36. Following the completion of the transaction, the chief executive officer now owns 613,517 shares in the company, valued at $14,135,431.68. This trade represents a 0.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 20,034 shares of company stock valued at $441,828 in the last quarter. Insiders own 18.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of 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 buying an additional 3,312 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of OneWater Marine in the 3rd quarter worth approximately $119,000. Bfsg LLC lifted its stake in OneWater Marine by 12.2% during the third quarter. Bfsg LLC now owns 5,186 shares of the company's stock valued at $124,000 after purchasing an additional 565 shares during the last quarter. Barclays PLC boosted its holdings in OneWater Marine by 267.9% during the third quarter. Barclays PLC now owns 15,677 shares of the company's stock worth $375,000 after buying an additional 11,416 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in OneWater Marine by 5.4% during the second quarter. Rhumbline Advisers now owns 19,253 shares of the company's stock worth $531,000 after buying an additional 994 shares in the last quarter. Institutional investors and hedge funds own 94.32% of the company's stock.

About OneWater Marine

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.