Peak6 LLC Makes New $230,000 Investment in Ondas Holdings Inc. (NASDAQ:ONDS)

Peak6 LLC purchased a new stake in shares of Ondas Holdings Inc. (NASDAQ:ONDS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 90,001 shares of the company’s stock, valued at approximately $230,000. Peak6 LLC owned approximately 0.12% of Ondas as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ONDS. Penbrook Management LLC acquired a new position in Ondas in the 4th quarter worth about $28,000. Wells Fargo & Company MN lifted its stake in Ondas by 119.2% in the fourth quarter. Wells Fargo & Company MN now owns 11,400 shares of the company’s stock valued at $29,000 after acquiring an additional 6,200 shares during the last quarter. Staley Capital Advisers Inc. bought a new stake in Ondas in the fourth quarter worth approximately $32,000. Quantbot Technologies LP acquired a new position in shares of Ondas during the 4th quarter worth $55,000. Finally, DnB Asset Management AS bought a new position in shares of Ondas during the 4th quarter valued at $76,000. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ONDS. Lake Street Capital started coverage on Ondas in a report on Monday, April 14th. They set a “buy” rating and a $2.50 target price on the stock. Northland Securities increased their price target on Ondas from $1.50 to $4.00 and gave the company an “outperform” rating in a report on Monday, December 30th.

Ondas Stock Down 10.1 %

ONDS stock opened at $0.80 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.43 and a quick ratio of 0.21. The company has a 50-day moving average of $0.97 and a two-hundred day moving average of $1.26. The stock has a market capitalization of $101.94 million, a price-to-earnings ratio of -1.11 and a beta of 1.87. Ondas Holdings Inc. has a 52-week low of $0.54 and a 52-week high of $3.40.

Ondas (NASDAQ:ONDS) last released its earnings results on Wednesday, March 12th. The company reported ($0.14) earnings per share (EPS) 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 business had revenue of $4.13 million during the quarter, compared to analyst estimates of $5.75 million. As a group, equities research analysts anticipate that Ondas Holdings Inc. will post -0.53 EPS for the current year.

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.