DA Davidson Has Lowered Expectations for OneWater Marine (NASDAQ:ONEW) Stock Price

OneWater Marine (NASDAQ:ONEW) had its price target decreased by DA Davidson from $27.00 to $23.00 in a research report report published on Monday,Benzinga reports. DA Davidson currently has a neutral rating on the stock.

ONEW has been the subject of a number of other research reports. KeyCorp reduced their target price on OneWater Marine from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 15th. Benchmark reissued a “hold” rating on shares of OneWater Marine in a report on Friday, November 15th. Finally, Stifel Nicolaus cut their price target on OneWater Marine from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

OneWater Marine Price Performance

OneWater Marine stock opened at $20.02 on Monday. OneWater Marine has a one year low of $18.55 and a one year high of $35.86. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 1.29. The business has a fifty day moving average of $22.50 and a two-hundred day moving average of $24.50. The company has a market cap of $321.52 million, a P/E ratio of -50.05 and a beta of 2.58.

Insider Transactions at OneWater Marine

In other news, COO Anthony M. Aisquith bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $21.75 per share, with a total value of $108,750.00. Following the purchase, the chief operating officer now owns 724,316 shares of the company’s stock, valued at $15,753,873. This trade represents a 0.70 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director J Steven Roy bought 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average cost of $19.05 per share, with a total value of $47,625.00. Following the purchase, the director now directly owns 20,760 shares in the company, valued at $395,478. The trade was a 13.69 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 31,139 shares of company stock valued at $644,493 in the last 90 days. 18.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ONEW. Royce & Associates LP raised its stake in OneWater Marine by 9.7% in the 3rd quarter. Royce & Associates LP now owns 1,637,378 shares of the company’s stock valued at $39,150,000 after purchasing an additional 144,926 shares during the last quarter. Geode Capital Management LLC grew its holdings in OneWater Marine by 11.4% in the 3rd quarter. Geode Capital Management LLC now owns 293,831 shares of the company’s stock valued at $7,028,000 after buying an additional 29,952 shares during the period. Dimensional Fund Advisors LP grew its holdings in OneWater Marine by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock valued at $11,892,000 after buying an additional 24,364 shares during the period. Private Management Group Inc. grew its holdings in OneWater Marine by 3.2% in the 2nd quarter. Private Management Group Inc. now owns 626,464 shares of the company’s stock valued at $17,272,000 after buying an additional 19,222 shares during the period. Finally, Barclays PLC grew its holdings in OneWater Marine by 267.9% in the 3rd quarter. Barclays PLC now owns 15,677 shares of the company’s stock valued at $375,000 after buying an additional 11,416 shares during the period. Institutional investors and hedge funds own 94.32% of the company’s stock.

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.