Malibu Boats, Inc. (NASDAQ:MBUU) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Malibu Boats, Inc. (NASDAQ:MBUU - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $40.00.

Several equities research analysts have recently weighed in on the stock. DA Davidson reissued a "buy" rating and issued a $45.00 target price on shares of Malibu Boats in a research note on Tuesday, September 10th. StockNews.com downgraded shares of Malibu Boats from a "hold" rating to a "sell" rating in a research note on Friday, August 30th. B. Riley cut their target price on Malibu Boats from $39.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 10th. Finally, Truist Financial reiterated a "hold" rating and issued a $32.00 price target on shares of Malibu Boats in a report on Monday, July 8th.

Malibu Boats Stock Performance

Shares of NASDAQ:MBUU traded down $0.22 on Friday, reaching $43.21. The company's stock had a trading volume of 130,750 shares, compared to its average volume of 257,598. The company has a 50-day simple moving average of $37.56 and a 200 day simple moving average of $36.65. The company has a market cap of $883.21 million, a P/E ratio of -16.25 and a beta of 1.38. Malibu Boats has a 52-week low of $30.20 and a 52-week high of $56.03.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last announced its earnings results on Thursday, August 29th. The company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.07). Malibu Boats had a positive return on equity of 6.21% and a negative net margin of 6.74%. The company had revenue of $158.70 million during the quarter, compared to analysts' expectations of $157.54 million. During the same quarter last year, the firm posted $2.96 EPS. Malibu Boats's revenue for the quarter was down 57.4% compared to the same quarter last year. On average, equities research analysts forecast that Malibu Boats will post 1.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Studio Investment Management LLC raised its holdings in shares of Malibu Boats by 264.4% in the 2nd quarter. Studio Investment Management LLC now owns 707 shares of the company's stock valued at $25,000 after purchasing an additional 513 shares in the last quarter. nVerses Capital LLC purchased a new stake in Malibu Boats during the third quarter worth $74,000. EntryPoint Capital LLC bought a new stake in Malibu Boats during the 1st quarter valued at $84,000. SG Americas Securities LLC bought a new stake in Malibu Boats during the 2nd quarter valued at $139,000. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Malibu Boats in the 1st quarter valued at $142,000. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

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.