OneWater Marine’s (ONEW) Sell (D-) Rating Reaffirmed at Weiss Ratings

OneWater Marine (NASDAQ:ONEW)‘s stock had its “sell (d-)” rating restated by investment analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

A number of other research firms have also recently commented on ONEW. KeyCorp boosted their price target on OneWater Marine from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Truist Financial boosted their price target on OneWater Marine from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, Zacks Research raised OneWater Marine from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $20.00.

OneWater Marine Price Performance

Shares of NASDAQ ONEW opened at $16.96 on Friday. The stock has a market capitalization of $277.64 million, a PE ratio of -20.94 and a beta of 1.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.23 and a quick ratio of 0.37. The business has a fifty day moving average price of $16.04 and a two-hundred day moving average price of $15.04. OneWater Marine has a fifty-two week low of $11.58 and a fifty-two week high of $26.77.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $552.86 million during the quarter, compared to analyst estimates of $532.01 million. OneWater Marine has set its FY 2025 guidance at 0.500-0.750 EPS. As a group, equities analysts predict that OneWater Marine will post 1.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director John Troiano sold 15,041 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $17.35, for a total transaction of $260,961.35. Following the sale, the director owned 52,226 shares in the company, valued at $906,121.10. The trade was a 22.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Philip Austin Jr. Singleton acquired 3,654 shares of OneWater Marine stock in a transaction that occurred on Friday, September 19th. The shares were purchased at an average price of $15.37 per share, for a total transaction of $56,161.98. Following the transaction, the chief executive officer directly owned 712,244 shares in the company, valued at $10,947,190.28. The trade was a 0.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 20.30% of the company’s stock.

Institutional Investors Weigh In On OneWater Marine

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AlphaQuest LLC grew its position 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 acquiring an additional 1,392 shares during the last quarter. GAMMA Investing LLC grew its position in shares of OneWater Marine by 404.5% in the 1st quarter. GAMMA Investing LLC now owns 2,109 shares of the company’s stock valued at $34,000 after buying an additional 1,691 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of OneWater Marine by 4.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 123,400 shares of the company’s stock valued at $1,652,000 after buying an additional 5,045 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of OneWater Marine by 8.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 101,291 shares of the company’s stock valued at $1,639,000 after buying an additional 7,659 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of OneWater Marine by 94.7% in the 2nd quarter. Raymond James Financial Inc. now owns 20,948 shares of the company’s stock valued at $280,000 after buying an additional 10,189 shares during the last quarter. 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.