OneWater Marine (NASDAQ:ONEW) Receives New Coverage from Analysts at Benchmark

Benchmark began coverage on shares of OneWater Marine (NASDAQ:ONEW) in a research report report published on Wednesday, MarketBeat.com reports. The firm issued a hold rating on the stock.

A number of other research firms have also recently commented on ONEW. DA Davidson reiterated a neutral rating and set a $27.00 target price on shares of OneWater Marine in a research report on Friday, March 15th. Truist Financial cut their price target on OneWater Marine from $38.00 to $35.00 and set a buy rating on the stock in a research report on Friday, February 2nd. Finally, KeyCorp decreased their price objective on OneWater Marine from $34.00 to $30.00 and set an overweight rating for the company in a report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $31.60.

OneWater Marine Stock Performance

Shares of OneWater Marine stock opened at $25.69 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 1.21 and a debt-to-equity ratio of 1.07. OneWater Marine has a 52 week low of $20.07 and a 52 week high of $39.15. The firm’s 50 day moving average is $24.94 and its two-hundred day moving average is $26.77. The firm has a market capitalization of $411.55 million, a P/E ratio of -4.51 and a beta of 2.55.

OneWater Marine (NASDAQ:ONEW) last posted its earnings results on Thursday, May 2nd. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.05). OneWater Marine had a negative net margin of 4.29% and a positive return on equity of 9.20%. The company had revenue of $488.32 million during the quarter, compared to analysts’ expectations of $500.87 million. Research analysts forecast that OneWater Marine will post 3.44 EPS for the current fiscal year.

Institutional Investors Weigh In On OneWater Marine

Several large investors have recently modified their holdings of ONEW. GAMMA Investing LLC acquired a new position in OneWater Marine in the 4th quarter valued at $29,000. Tower Research Capital LLC TRC boosted its holdings in shares of OneWater Marine by 319.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock valued at $71,000 after acquiring an additional 1,597 shares in the last quarter. Bfsg LLC acquired a new position in shares of OneWater Marine during the fourth quarter worth about $171,000. SG Americas Securities LLC raised its holdings in OneWater Marine by 27.3% during the fourth quarter. SG Americas Securities LLC now owns 6,297 shares of the company’s stock worth $213,000 after purchasing an additional 1,350 shares in the last quarter. Finally, MTM Investment Management LLC acquired a new stake in OneWater Marine in the fourth quarter valued at about $217,000. Hedge funds and other institutional investors own 94.32% of the company’s stock.

About OneWater Marine

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.