Malibu Boats (NASDAQ:MBUU) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Malibu Boats, Inc. (NASDAQ:MBUU)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $38.75 and traded as low as $32.89. Malibu Boats shares last traded at $33.38, with a volume of 164,879 shares.

Analysts Set New Price Targets

MBUU has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of Malibu Boats from $34.00 to $38.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Benchmark reissued a “buy” rating and issued a $44.00 price objective on shares of Malibu Boats in a research note on Tuesday, February 4th. StockNews.com raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Robert W. Baird boosted their price objective on shares of Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, B. Riley raised shares of Malibu Boats to a “hold” rating in a report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Malibu Boats presently has a consensus rating of “Hold” and a consensus price target of $42.83.

Malibu Boats Stock Down 0.6 %

The company’s fifty day simple moving average is $36.49 and its 200-day simple moving average is $38.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 0.45. The firm has a market capitalization of $655.42 million, a PE ratio of -7.67 and a beta of 1.33.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Malibu Boats had a positive return on equity of 1.04% and a negative net margin of 12.09%. On average, analysts forecast that Malibu Boats, Inc. will post 1.69 EPS for the current year.

Institutional Investors Weigh In On Malibu Boats

Large investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new stake in shares of Malibu Boats during the fourth quarter valued at $38,000. Studio Investment Management LLC grew its holdings in shares of Malibu Boats by 53.7% during the third quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock valued at $42,000 after buying an additional 380 shares during the last quarter. Quarry LP purchased a new stake in shares of Malibu Boats during the fourth quarter valued at $45,000. Central Pacific Bank Trust Division grew its holdings in shares of Malibu Boats by 11.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock valued at $136,000 after buying an additional 368 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Malibu Boats during the fourth quarter valued at $150,000. 91.35% of the stock is owned by hedge funds and other institutional investors.

About Malibu Boats

Malibu Boats, Inc designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.