Captrust Financial Advisors Buys Shares of 28,000 Ondas Holdings Inc. (NASDAQ:ONDS)

Captrust Financial Advisors purchased a new stake in Ondas Holdings Inc. (NASDAQ:ONDS) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 28,000 shares of the company’s stock, valued at approximately $72,000.

A number of other hedge funds have also modified their holdings of ONDS. Koshinski Asset Management Inc. increased its stake in Ondas by 15.2% during the 4th quarter. Koshinski Asset Management Inc. now owns 37,940 shares of the company’s stock worth $97,000 after purchasing an additional 5,000 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in 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 acquired a new stake in Ondas during the 4th quarter valued at $28,000. Staley Capital Advisers Inc. acquired a new stake in Ondas during the 4th quarter valued at $32,000. Finally, Quantbot Technologies LP bought a new stake in shares of Ondas in the fourth quarter valued at about $55,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Ondas Stock Up 5.1%

Shares of NASDAQ ONDS opened at $0.91 on Friday. 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 company has a market cap of $121.36 million, a price-to-earnings ratio of -1.26 and a beta of 1.91. Ondas Holdings Inc. has a 12 month low of $0.54 and a 12 month high of $3.40. The stock has a 50-day moving average price of $0.85 and a two-hundred day moving average price of $1.25.

Ondas (NASDAQ:ONDS) last issued its earnings results on Thursday, May 15th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Ondas had a negative return on equity of 183.49% and a negative net margin of 544.24%. The business had revenue of $4.25 million for the quarter, compared to analyst estimates of $4.94 million. As a group, analysts forecast that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital initiated coverage on shares of Ondas in a research report on Monday, April 14th. They issued a “buy” rating and a $2.50 target price for the company.

Ondas 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.