Lake Street Capital assumed coverage on shares of Ondas (NASDAQ:ONDS - Free Report) in a research note released on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $2.50 price objective on the stock.
Separately, Northland Securities lifted their target price on Ondas from $1.50 to $4.00 and gave the company an "outperform" rating in a report on Monday, December 30th.
Read Our Latest Report on Ondas
Ondas Trading Up 2.8 %
ONDS traded up $0.02 on Monday, hitting $0.89. The company had a trading volume of 4,478,916 shares, compared to its average volume of 3,286,464. The company has a current ratio of 0.43, a quick ratio of 0.21 and a debt-to-equity ratio of 0.02. The firm has a market cap of $93.88 million, a P/E ratio of -1.23 and a beta of 1.87. The company's fifty day moving average price is $1.02 and its 200 day moving average price is $1.25. Ondas has a 1 year low of $0.54 and a 1 year high of $3.40.
Ondas (NASDAQ:ONDS - Get Free Report) last posted its earnings results on Wednesday, March 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The firm had revenue of $4.13 million for 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%. As a group, equities analysts expect that Ondas will post -0.53 earnings per share for the current year.
Hedge Funds Weigh In On Ondas
Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Ondas by 12.8% in the third quarter. Geode Capital Management LLC now owns 622,595 shares of the company's stock valued at $480,000 after acquiring an additional 70,502 shares during the period. Koshinski Asset Management Inc. lifted its stake in shares of Ondas by 15.2% in the fourth quarter. Koshinski Asset Management Inc. now owns 37,940 shares of the company's stock valued at $97,000 after purchasing an additional 5,000 shares during the period. Wealth Effects LLC boosted its holdings in Ondas by 23.4% during the fourth quarter. Wealth Effects LLC now owns 207,900 shares of the company's stock worth $532,000 after buying an additional 39,400 shares in the last quarter. Penbrook Management LLC acquired a new position in Ondas during the fourth quarter worth about $28,000. Finally, AMH Equity Ltd purchased a new position in Ondas in the fourth quarter valued at about $952,000. 37.73% of the stock is owned by institutional investors and hedge funds.
About Ondas
(
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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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