Ondas (NASDAQ:ONDS) Now Covered by Lake Street Capital

Lake Street Capital initiated coverage on shares of Ondas (NASDAQ:ONDS) in a research report sent to investors on Monday morning,Benzinga reports. The brokerage issued a buy rating and a $2.50 target price on the stock.

Separately, Northland Securities lifted their target price on shares of Ondas from $1.50 to $4.00 and gave the stock an “outperform” rating in a report on Monday, December 30th.

Ondas Trading Up 12.3 %

NASDAQ:ONDS opened at $0.91 on Monday. The firm has a market capitalization of $96.67 million, a P/E ratio of -1.27 and a beta of 1.87. 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 has a one year low of $0.54 and a one year high of $3.40. The company’s 50-day simple moving average is $1.08 and its 200 day simple moving average is $1.26.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data on Wednesday, March 12th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $4.13 million for the quarter, compared to the consensus estimate of $5.75 million. As a group, analysts forecast that Ondas will post -0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Ondas

Several large investors have recently bought and sold shares of the business. Koshinski Asset Management Inc. grew its holdings 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 worth $97,000 after acquiring an additional 5,000 shares during the period. Wells Fargo & Company MN increased its position in shares of Ondas by 119.2% during the 4th quarter. Wells Fargo & Company MN now owns 11,400 shares of the company’s stock valued at $29,000 after purchasing an additional 6,200 shares during the last quarter. Penbrook Management LLC bought a new position in shares of Ondas in the 4th quarter worth approximately $28,000. Two Sigma Investments LP purchased a new position in shares of Ondas in the fourth quarter worth approximately $31,000. Finally, Staley Capital Advisers Inc. bought a new stake in Ondas during the fourth quarter valued at approximately $32,000. 37.73% of the stock is currently owned by institutional investors.

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.