Huntleigh Advisors Inc. Buys Shares of 775,514 Ondas Holdings Inc. $ONDS

Huntleigh Advisors Inc. bought a new stake in Ondas Holdings Inc. (NASDAQ:ONDS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 775,514 shares of the company's stock, valued at approximately $1,489,000. Huntleigh Advisors Inc. owned about 0.43% of Ondas at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wealthspan Partners LLC grew its stake in Ondas by 168.7% in the second quarter. Wealthspan Partners LLC now owns 54,000 shares of the company's stock valued at $104,000 after purchasing an additional 33,900 shares during the last quarter. Penbrook Management LLC purchased a new stake in shares of Ondas during the second quarter worth about $35,000. NTV Asset Management LLC purchased a new stake in shares of Ondas during the second quarter worth about $144,000. Trivium Point Advisory LLC purchased a new stake in shares of Ondas during the second quarter worth about $38,000. Finally, TTP Investments Inc. purchased a new stake in shares of Ondas during the second quarter worth about $48,000. Hedge funds and other institutional investors own 37.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ONDS. Lake Street Capital boosted their price target on Ondas from $5.00 to $8.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Weiss Ratings restated a "sell (e+)" rating on shares of Ondas in a research note on Wednesday, October 8th. Needham & Company LLC began coverage on Ondas in a research note on Tuesday, August 19th. They set a "buy" rating and a $5.00 price target on the stock. HC Wainwright began coverage on Ondas in a research note on Monday, October 6th. They set a "buy" rating and a $12.00 price target on the stock. Finally, Wall Street Zen upgraded Ondas from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Ondas presently has a consensus rating of "Moderate Buy" and an average target price of $7.25.

Ondas Stock Down 7.2%

Shares of NASDAQ ONDS opened at $7.61 on Friday. The business's 50 day moving average price is $6.67 and its 200 day moving average price is $3.26. The firm has a market cap of $2.66 billion, a P/E ratio of -14.63 and a beta of 2.46. Ondas Holdings Inc. has a 52 week low of $0.57 and a 52 week high of $11.70.

Ondas (NASDAQ:ONDS - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.03. Ondas had a negative return on equity of 130.48% and a negative net margin of 300.11%.The firm had revenue of $6.27 million for the quarter, compared to analyst estimates of $4.97 million. As a group, research analysts expect that Ondas Holdings Inc. will post -0.53 earnings per share for the current 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.

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