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B. Riley Securities Upgrades Marinemax, Inc. (HZO) to a Buy from a Neutral

Marinemax, Inc.’s recent filing unveils that its Director Moore Clint unloaded Company’s shares for reported $0.12 million on Mar 11 ’24. In the deal valued at $31.12 per share,4,000 shares were sold. As a result of this transaction, Moore Clint now holds 20,544 shares worth roughly $0.64 million.

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Then, Cassella Anthony E. Jr. sold 5,000 shares, generating $160,750 in total proceeds. Upon selling the shares at $32.15, the EVP of Finance & CAO now owns 9,421 shares.

Before that, Cashman Charles A sold 7,500 shares. Marinemax, Inc. shares valued at $223,200 were divested by the EVP & Chief Revenue Officer at a price of $29.76 per share. As a result of the transaction, Cashman Charles A now holds 63,981 shares, worth roughly $1.98 million.

B. Riley Securities upgraded its Marinemax, Inc. [HZO] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Neutral”. Raymond James also remained covering HZO and has decreased its forecast on July 18, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. B. Riley Securities revised its rating on February 21, 2023. It rated HZO as “a Buy” which previously was an “a Neutral”.

Price Performance Review of HZO

On Tuesday, Marinemax, Inc. [NYSE:HZO] saw its stock jump 1.18% to $30.91. Over the last five days, the stock has lost -5.82%. Marinemax, Inc. shares have fallen nearly -20.54% since the year began. Nevertheless, the stocks have fallen -9.51% over the past one year. While a 52-week high of $42.88 was reached on 01/02/24, a 52-week low of $22.51 was recorded on 04/25/24. SMA at 50 days reached $29.51, while 200 days put it at $31.05. A total of 0.25 million shares were traded, compared to the trading of 0.32 million shares in the previous session.

Levels Of Support And Resistance For HZO Stock

The 24-hour chart illustrates a support level at 30.44, which if violated will result in even more drops to 29.97. On the upside, there is a resistance level at 31.41. A further resistance level may holdings at 31.91. The Relative Strength Index (RSI) on the 14-day chart is 46.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.57%. Stochastics%K at 9.32% indicates the stock is a buying.

The most recent change occurred on December 15, 2022 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.

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