Jane Street Group LLC Invests $1.05 Million in Ondas Holdings Inc. (NASDAQ:ONDS)

Jane Street Group LLC acquired a new position in Ondas Holdings Inc. (NASDAQ:ONDS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 410,200 shares of the company's stock, valued at approximately $1,050,000. Jane Street Group LLC owned 0.53% of Ondas at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Heights Capital Management Inc. grew its position in shares of Ondas by 397.6% in the 4th quarter. Heights Capital Management Inc. now owns 4,811,354 shares of the company's stock worth $12,317,000 after acquiring an additional 3,844,401 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Ondas by 16.6% in the 4th quarter. Geode Capital Management LLC now owns 726,165 shares of the company's stock worth $1,859,000 after acquiring an additional 103,570 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of Ondas by 50.8% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 614,291 shares of the company's stock worth $1,573,000 after acquiring an additional 206,891 shares in the last quarter. MYDA Advisors LLC acquired a new position in Ondas during the 4th quarter valued at approximately $998,000. Finally, AMH Equity Ltd acquired a new position in Ondas during the 4th quarter valued at approximately $952,000. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital began coverage on Ondas in a research report on Monday, April 14th. They set a "buy" rating and a $2.50 price objective for the company.

Ondas Price Performance

Shares of NASDAQ:ONDS opened at $0.87 on Thursday. Ondas Holdings Inc. has a 12 month low of $0.54 and a 12 month high of $3.40. The stock has a market cap of $115.46 million, a price-to-earnings ratio of -1.20 and a beta of 1.91. The stock's 50 day moving average price is $0.85 and its 200 day moving average price is $1.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.43 and a quick ratio of 0.21.

Ondas (NASDAQ:ONDS - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The firm had revenue of $4.25 million for the quarter, compared to the consensus estimate of $4.94 million. Ondas had a negative return on equity of 183.49% and a negative net margin of 544.24%. Equities research analysts anticipate that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

About Ondas

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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