In a report released today, Eric Wold from B.Riley Financial reiterated a Buy rating on Malibu Boats (MBUU – Research Report), with a price target of $93.00. The company’s shares closed last Tuesday at $82.50.
According to TipRanks.com, Wold is a 5-star analyst with an average return of 29.1% and a 64.4% success rate. Wold covers the Services sector, focusing on stocks such as National Cinemedia, Cinemark Holdings, and AMC Entertainment.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Malibu Boats with a $92.50 average price target, which is a 10.0% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $97.00 price target.
The company has a one-year high of $93.00 and a one-year low of $31.66. Currently, Malibu Boats has an average volume of 195K.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MBUU in relation to earlier this year. Most recently, in February 2021, Wayne R. Wilson, the CFO of MBUU sold 45,045 shares for a total of $3,495,695.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Malibu Boats, Inc. is a holding company, which engages in the design, manufacture, and market of recreational powerboats. It offers performance sport boats, sterndrive, and outboard boats under the Malibu, Axis, Cobalt, and Pursuit brands. It operates through the following segments: Malibu U.S., Malibu Australia, Cobalt, and Pursuit. The Malibu U.S. segment serves markets in North America, South America, Europe, and Asia. The Malibu Australia segment covers the Australian, and New Zealand markets. The Cobalt segment offers Cobalt boats throughout the world. The Pursuit segment involves in the distribution and sale of Pursuit boats throughout the world. The company was founded in 1982 and is headquartered in Loudon, TN.