Summit Trail Advisors LLC acquired a new stake in Ondas Holdings Inc. (NASDAQ:ONDS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 175,000 shares of the company's stock, valued at approximately $187,000. Summit Trail Advisors LLC owned approximately 0.13% of Ondas as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of Ondas in the fourth quarter worth approximately $55,000. Raymond James Financial Inc. acquired a new position in shares of Ondas in the fourth quarter worth approximately $235,000. Marshall Wace LLP acquired a new position in shares of Ondas in the fourth quarter worth approximately $831,000. Millennium Management LLC lifted its stake in shares of Ondas by 150.0% in the fourth quarter. Millennium Management LLC now owns 28,366 shares of the company's stock worth $73,000 after acquiring an additional 17,021 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Ondas in the fourth quarter worth approximately $1,050,000. 37.73% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Lake Street Capital initiated coverage on Ondas in a report on Monday, April 14th. They issued a "buy" rating and a $2.50 target price for the company.
Get Our Latest Research Report on Ondas
Ondas Stock Performance
ONDS stock traded down $0.10 during midday trading on Monday, hitting $1.75. The company's stock had a trading volume of 12,465,827 shares, compared to its average volume of 6,353,880. The stock's 50-day moving average price is $1.29 and its 200 day moving average price is $1.39. The company has a quick ratio of 0.65, a current ratio of 0.86 and a debt-to-equity ratio of 0.01. Ondas Holdings Inc. has a 1 year low of $0.54 and a 1 year high of $3.40. The stock has a market cap of $314.23 million, a price-to-earnings ratio of -3.02 and a beta of 2.29.
Ondas (NASDAQ:ONDS - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.04). Ondas had a negative net margin of 412.92% and a negative return on equity of 232.07%. The firm had revenue of $4.25 million for the quarter, compared to analysts' expectations of $4.94 million. On average, equities analysts forecast that Ondas Holdings Inc. will post -0.53 EPS for the current year.
About Ondas
(
Free Report)
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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