OneWater Marine (NASDAQ:ONEW) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of OneWater Marine (NASDAQ:ONEW) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Separately, KeyCorp upped their price target on OneWater Marine from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $19.60.

OneWater Marine Stock Performance

OneWater Marine stock opened at $15.72 on Monday. The company has a current ratio of 1.23, a quick ratio of 0.37 and a debt-to-equity ratio of 0.97. OneWater Marine has a 1 year low of $11.58 and a 1 year high of $26.77. The company has a market cap of $257.34 million, a PE ratio of -19.41 and a beta of 1.89. The company’s 50-day moving average is $16.18 and its two-hundred day moving average is $15.13.

OneWater Marine (NASDAQ:ONEW) last released its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.33). OneWater Marine had a negative net margin of 0.61% and a positive return on equity of 0.45%. The business had revenue of $552.86 million for the quarter, compared to analyst estimates of $532.01 million. OneWater Marine has set its FY 2025 guidance at 0.500-0.750 EPS. Equities analysts anticipate that OneWater Marine will post 1.57 earnings per share for the current year.

Insider Buying and Selling

In other OneWater Marine news, CEO Philip Austin Jr. Singleton bought 3,654 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was acquired at an average cost of $15.37 per share, with a total value of $56,161.98. Following the purchase, the chief executive officer owned 712,244 shares in the company, valued at $10,947,190.28. This trade represents a 0.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Troiano sold 15,041 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $17.35, for a total value of $260,961.35. Following the sale, the director directly owned 52,226 shares of the company’s stock, valued at approximately $906,121.10. The trade was a 22.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.30% of the stock is currently owned by corporate insiders.

Institutional Trading of OneWater Marine

A number of large investors have recently bought and sold shares of ONEW. BNP Paribas Financial Markets bought a new stake in OneWater Marine during the 4th quarter worth approximately $29,000. GAMMA Investing LLC increased its stake in OneWater Marine by 404.5% during the 1st quarter. GAMMA Investing LLC now owns 2,109 shares of the company’s stock worth $34,000 after purchasing an additional 1,691 shares in the last quarter. AlphaQuest LLC increased its stake in OneWater Marine by 20.8% during the 2nd quarter. AlphaQuest LLC now owns 8,097 shares of the company’s stock worth $108,000 after purchasing an additional 1,392 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in shares of OneWater Marine during the 2nd quarter worth approximately $222,000. Finally, Alpha Wealth Funds LLC bought a new position in shares of OneWater Marine during the 2nd quarter worth approximately $266,000. 94.32% of the stock is owned by institutional investors.

OneWater Marine Company Profile

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.