Malibu Boats Inc. (NASDAQ:MBUU) shares were up 2.8% during trading on Friday . The stock traded as high as $13.51 and last traded at $13.40, with a volume of 125,221 shares. The stock had previously closed at $13.04.

Several research analysts recently commented on MBUU shares. Zacks Investment Research raised Malibu Boats from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th. Wunderlich decreased their price target on Malibu Boats from $27.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, May 4th. B. Riley reaffirmed a “buy” rating and set a $22.00 price target on shares of Malibu Boats in a report on Thursday, May 5th. Finally, BMO Capital Markets downgraded Malibu Boats from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $23.00.

The stock has a market capitalization of $240.11 million and a price-to-earnings ratio of 11.75. The firm’s 50 day moving average is $13.21 and its 200-day moving average is $14.51.

Malibu Boats (NASDAQ:MBUU) last issued its earnings results on Wednesday, May 4th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The firm earned $68.50 million during the quarter, compared to analysts’ expectations of $70.06 million. During the same period last year, the business posted $0.34 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts anticipate that Malibu Boats Inc. will post $1.30 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Malibu Boats stock. Victory Capital Management Inc. increased its stake in shares of Malibu Boats Inc. (NASDAQ:MBUU) by 15.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,821 shares of the company’s stock after buying an additional 8,900 shares during the period. Victory Capital Management Inc. owned approximately 0.36% of Malibu Boats worth $1,061,000 as of its most recent filing with the SEC.

Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s boats are used for water sports, including water skiing, wakeboarding and wake surfing, as well as general recreational boating. The Company sells its boats under two brands: Malibu and Axis. Its flagship Malibu brand boats are designed for consumers seeking a premium boating experience.

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