Malibu Boats (NASDAQ:MBUU) Trading 8.5% Higher - Should You Buy?

Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report)'s share price was up 8.5% on Thursday . The stock traded as high as $42.29 and last traded at $41.73. Approximately 65,230 shares traded hands during trading, a decline of 57% from the average daily volume of 153,146 shares. The stock had previously closed at $38.46.

Analyst Ratings Changes

MBUU has been the subject of several recent analyst reports. StockNews.com raised Malibu Boats to a "sell" rating in a research note on Saturday, November 2nd. KeyCorp lowered their target price on shares of Malibu Boats from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Benchmark reiterated a "buy" rating and issued a $44.00 price objective on shares of Malibu Boats in a report on Friday, November 1st. Robert W. Baird boosted their target price on Malibu Boats from $40.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, Truist Financial lifted their price target on Malibu Boats from $34.00 to $38.00 and gave the company a "hold" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Malibu Boats presently has a consensus rating of "Hold" and a consensus price target of $42.83.

Malibu Boats Stock Down 6.3 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52. The stock has a market cap of $704.88 million, a price-to-earnings ratio of -8.25 and a beta of 1.33. The business's 50 day moving average is $38.81 and its 200 day moving average is $38.79.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. Equities analysts expect that Malibu Boats, Inc. will post 2.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MBUU. Heck Capital Advisors LLC bought a new position in shares of Malibu Boats during the 4th quarter valued at $38,000. Studio Investment Management LLC increased its position in Malibu Boats by 53.7% during the third quarter. Studio Investment Management LLC now owns 1,087 shares of the company's stock worth $42,000 after buying an additional 380 shares during the last quarter. nVerses Capital LLC bought a new position in Malibu Boats during the third quarter valued at about $74,000. Central Pacific Bank Trust Division lifted its position in shares of Malibu Boats by 11.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company's stock worth $136,000 after buying an additional 368 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Malibu Boats by 31.6% during the 3rd quarter. SG Americas Securities LLC now owns 5,212 shares of the company's stock worth $202,000 after acquiring an additional 1,252 shares in the last quarter. Institutional investors and hedge funds own 91.35% of the company's stock.

Malibu Boats Company Profile

Malibu Boats, Inc designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.