1,284,245 Shares in Ondas Holdings Inc. (NASDAQ:ONDS) Purchased by Cresset Asset Management LLC

Cresset Asset Management LLC purchased a new position in Ondas Holdings Inc. (NASDAQ:ONDS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,284,245 shares of the company's stock, valued at approximately $3,288,000. Cresset Asset Management LLC owned about 1.66% of Ondas at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Penbrook Management LLC acquired a new stake in Ondas during the fourth quarter worth about $28,000. Wells Fargo & Company MN increased its position in shares of Ondas by 119.2% during the fourth quarter. Wells Fargo & Company MN now owns 11,400 shares of the company's stock valued at $29,000 after acquiring an additional 6,200 shares during the last quarter. Staley Capital Advisers Inc. acquired a new stake in Ondas in the 4th quarter valued at approximately $32,000. Quantbot Technologies LP acquired a new position in Ondas during the fourth quarter worth $55,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Ondas in the 4th quarter valued at $72,000. Hedge funds and other institutional investors own 37.73% of the company's stock.

Analyst Ratings Changes

Separately, Lake Street Capital assumed coverage on shares of Ondas in a research report on Monday, April 14th. They set a "buy" rating and a $2.50 price target on the stock.

Ondas Stock Down 1.6%

NASDAQ:ONDS traded down $0.01 during midday trading on Wednesday, reaching $0.85. The company had a trading volume of 6,562,176 shares, compared to its average volume of 3,648,299. The stock's fifty day simple moving average is $0.83 and its 200-day simple moving average is $1.24. The company has a current ratio of 0.43, a quick ratio of 0.21 and a debt-to-equity ratio of 0.02. Ondas Holdings Inc. has a 12-month low of $0.54 and a 12-month high of $3.40. The firm has a market capitalization of $113.44 million, a price-to-earnings ratio of -1.18 and a beta of 1.91.

Ondas (NASDAQ:ONDS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The firm had revenue of $4.13 million for the quarter, compared to analyst estimates of $5.75 million. Ondas had a negative return on equity of 183.49% and a negative net margin of 544.24%. On average, sell-side analysts anticipate that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Ondas Profile

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.