Charles Schwab Investment Management Inc. Makes New $34,000 Investment in Ondas Holdings Inc. $ONDS

Charles Schwab Investment Management Inc. acquired a new position in shares of Ondas Holdings Inc. (NASDAQ:ONDS) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,000 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in Ondas by 119.2% during the fourth 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 in the last quarter. Two Sigma Investments LP acquired a new position in Ondas during the fourth quarter worth $31,000. XTX Topco Ltd acquired a new position in Ondas during the first quarter worth $32,000. B. Riley Wealth Advisors Inc. acquired a new position in Ondas during the fourth quarter worth $46,000. Finally, Squarepoint Ops LLC acquired a new position in Ondas during the fourth quarter worth $48,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ONDS has been the subject of a number of research reports. Needham & Company LLC initiated coverage on Ondas in a research note on Tuesday, August 19th. They issued a “buy” rating and a $5.00 target price for the company. Lake Street Capital raised their target price on Ondas from $2.50 to $5.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen upgraded Ondas from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $4.67.

Ondas Trading Up 6.0%

Ondas stock opened at $5.33 on Friday. The firm has a market capitalization of $1.17 billion, a P/E ratio of -10.25 and a beta of 2.42. Ondas Holdings Inc. has a 1 year low of $0.57 and a 1 year high of $6.19. The business has a 50-day moving average of $3.12 and a 200-day moving average of $1.76.

Ondas (NASDAQ:ONDS) last posted its earnings results on Tuesday, August 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. The company had revenue of $6.27 million during the quarter, compared to analyst estimates of $4.97 million. Ondas had a negative return on equity of 130.48% and a negative net margin of 300.11%. Research analysts anticipate that Ondas Holdings Inc. will post -0.53 EPS for the current fiscal year.

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.