KeyCorp Trims OneWater Marine (NASDAQ:ONEW) Target Price to $30.00

OneWater Marine (NASDAQ:ONEW) had its price target lowered by KeyCorp from $34.00 to $30.00 in a report published on Friday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities analysts have also recently issued reports about the stock. Truist Financial reduced their price target on shares of OneWater Marine from $38.00 to $35.00 and set a buy rating on the stock in a research report on Friday, February 2nd. DA Davidson reiterated a neutral rating and set a $27.00 target price on shares of OneWater Marine in a report on Friday, March 15th. Finally, Stifel Nicolaus increased their price target on OneWater Marine from $32.00 to $34.00 and gave the stock a buy rating in a report on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $31.60.

OneWater Marine Trading Up 2.6 %

NASDAQ:ONEW traded up $0.58 during mid-day trading on Friday, hitting $23.26. The company had a trading volume of 110,025 shares, compared to its average volume of 90,699. OneWater Marine has a fifty-two week low of $20.07 and a fifty-two week high of $39.15. The business’s fifty day moving average is $24.98 and its two-hundred day moving average is $26.63. The company has a current ratio of 1.27, a quick ratio of 0.26 and a debt-to-equity ratio of 1.13.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings results on Thursday, February 1st. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.08). The firm had revenue of $364.01 million during the quarter, compared to analyst estimates of $370.33 million. OneWater Marine had a negative net margin of 4.29% and a positive return on equity of 8.90%. On average, equities research analysts forecast that OneWater Marine will post 3.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OneWater Marine

Several institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new position in OneWater Marine during the 4th quarter worth about $29,000. Tower Research Capital LLC TRC boosted its position in shares of OneWater Marine by 319.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock worth $71,000 after buying an additional 1,597 shares during the period. SG Americas Securities LLC bought a new position in shares of OneWater Marine during the third quarter worth about $127,000. Bfsg LLC acquired a new stake in OneWater Marine in the 4th quarter valued at approximately $171,000. Finally, MTM Investment Management LLC bought a new stake in OneWater Marine in the 4th quarter valued at approximately $217,000. 94.32% of the stock is owned by institutional investors.

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.