MYDA Advisors LLC bought a new position in Ondas Holdings Inc. (NASDAQ:ONDS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 390,000 shares of the company's stock, valued at approximately $998,000. MYDA Advisors LLC owned approximately 0.50% of Ondas as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in ONDS. Penbrook Management LLC bought a new stake in Ondas in the 4th quarter worth approximately $28,000. Wells Fargo & Company MN lifted its holdings in shares of Ondas by 119.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,400 shares of the company's stock worth $29,000 after acquiring an additional 6,200 shares during the last quarter. Staley Capital Advisers Inc. purchased a new stake in shares of Ondas in the 4th quarter valued at $32,000. Quantbot Technologies LP bought a new position in shares of Ondas during the 4th quarter valued at $55,000. Finally, DnB Asset Management AS purchased a new position in Ondas in the 4th quarter worth $76,000. Hedge funds and other institutional investors own 37.73% of the company's stock.
Wall Street Analyst Weigh In
ONDS has been the subject of several analyst reports. Northland Securities upped their price target on shares of Ondas from $1.50 to $4.00 and gave the company an "outperform" rating in a research report on Monday, December 30th. Lake Street Capital assumed coverage on shares of Ondas in a research report on Monday, April 14th. They issued a "buy" rating and a $2.50 price objective on the stock.
View Our Latest Report on ONDS
Ondas Trading Down 11.2 %
Shares of ONDS traded down $0.09 during trading hours on Friday, reaching $0.71. 8,863,185 shares of the company traded hands, compared to its average volume of 3,403,052. Ondas Holdings Inc. has a 12 month low of $0.54 and a 12 month high of $3.40. The company has a quick ratio of 0.21, a current ratio of 0.43 and a debt-to-equity ratio of 0.02. The company's fifty day moving average price is $0.91 and its two-hundred day moving average price is $1.25. The company has a market capitalization of $94.89 million, a price-to-earnings ratio of -0.99 and a beta of 1.87.
Ondas (NASDAQ:ONDS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Ondas had a negative net margin of 544.24% and a negative return on equity of 183.49%. The firm had revenue of $4.13 million for the quarter, compared to analysts' expectations of $5.75 million. Equities research analysts predict that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.
Ondas Profile
(
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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