Marshall Wace LLP Takes $831,000 Position in Ondas Holdings Inc. (NASDAQ:ONDS)

Marshall Wace LLP bought a new position in Ondas Holdings Inc. (NASDAQ:ONDS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 324,460 shares of the company's stock, valued at approximately $831,000. Marshall Wace LLP owned about 0.42% of Ondas at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. PEAK6 LLC bought a new position in Ondas in the fourth quarter valued at about $230,000. Ceeto Capital Group LLC raised its stake in shares of Ondas by 25.9% during the fourth quarter. Ceeto Capital Group LLC now owns 242,800 shares of the company's stock worth $622,000 after buying an additional 50,000 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Ondas in the fourth quarter valued at approximately $235,000. Wells Fargo & Company MN boosted its stake in Ondas by 119.2% in 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. Finally, Geode Capital Management LLC grew its holdings in Ondas by 16.6% during 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 during the period. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Ondas Trading Down 1.5 %

Shares of ONDS stock traded down $0.01 on Tuesday, reaching $0.75. The company had a trading volume of 652,023 shares, compared to its average volume of 3,521,853. The company has a 50-day moving average of $0.84 and a 200-day moving average of $1.25. 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 $100.50 million, a PE ratio of -1.05 and a beta of 1.91. 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 (NASDAQ:ONDS - Get Free Report) last posted its earnings results on Wednesday, March 12th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The firm had revenue of $4.13 million during 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, equities analysts forecast that Ondas Holdings Inc. will post -0.53 earnings per share for the current year.

Analysts Set New Price Targets

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

Ondas Company 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.