OneWater Marine (NASDAQ:ONEW - Get Free Report) had its target price reduced by stock analysts at KeyCorp from $22.00 to $16.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's price target would suggest a potential upside of 15.27% from the stock's current price. KeyCorp also issued estimates for OneWater Marine's Q3 2025 earnings at $1.12 EPS.
ONEW has been the subject of several other reports. Robert W. Baird reaffirmed a "neutral" rating and set a $18.00 price objective (down from $25.00) on shares of OneWater Marine in a research note on Friday, April 4th. Stifel Nicolaus decreased their price target on OneWater Marine from $31.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Baird R W cut shares of OneWater Marine from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Truist Financial lowered their target price on shares of OneWater Marine from $25.00 to $16.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $19.60.
Check Out Our Latest Report on ONEW
OneWater Marine Stock Performance
Shares of NASDAQ ONEW traded up $0.62 during trading hours on Thursday, reaching $13.88. The stock had a trading volume of 36,827 shares, compared to its average volume of 114,573. The firm has a 50-day moving average of $16.09 and a 200-day moving average of $18.53. The firm has a market cap of $226.44 million, a price-to-earnings ratio of -19.16 and a beta of 2.33. The company has a current ratio of 1.24, a quick ratio of 0.25 and a debt-to-equity ratio of 1.08. OneWater Marine has a fifty-two week low of $12.02 and a fifty-two week high of $31.36.
OneWater Marine (NASDAQ:ONEW - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported ($0.54) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.84) by $0.30. OneWater Marine had a negative net margin of 0.59% and a positive return on equity of 3.09%. Equities research analysts predict that OneWater Marine will post 1.57 earnings per share for the current year.
Insider Activity at OneWater Marine
In other news, CEO Philip Austin Jr. Singleton acquired 15,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $15.40 per share, with a total value of $231,000.00. Following the purchase, the chief executive officer now directly owns 682,368 shares of the company's stock, valued at approximately $10,508,467.20. This trade represents a 2.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 20.30% of the company's stock.
Institutional Trading of OneWater Marine
Large investors have recently bought and sold shares of the company. Royce & Associates LP grew its stake in OneWater Marine by 13.2% in the 4th quarter. Royce & Associates LP now owns 1,853,788 shares of the company's stock valued at $32,219,000 after acquiring an additional 216,410 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of OneWater Marine by 42.0% during the 4th quarter. Russell Investments Group Ltd. now owns 201,943 shares of the company's stock worth $3,510,000 after purchasing an additional 59,753 shares in the last quarter. Millennium Management LLC purchased a new stake in OneWater Marine in the 4th quarter valued at approximately $782,000. Jane Street Group LLC grew its holdings in OneWater Marine by 2,322.1% during the 4th quarter. Jane Street Group LLC now owns 40,158 shares of the company's stock valued at $698,000 after buying an additional 38,500 shares during the last quarter. Finally, First Eagle Investment Management LLC purchased a new position in OneWater Marine during the fourth quarter worth $588,000. Institutional investors and hedge funds own 94.32% of the company's stock.
OneWater Marine Company Profile
(
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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