Lake Street Capital Begins Coverage on Ondas (NASDAQ:ONDS)

Lake Street Capital began coverage on shares of Ondas (NASDAQ:ONDS) in a report issued on Monday,Benzinga reports. The firm set a “buy” rating and a $2.50 price target on the stock. Lake Street Capital’s target price points to a potential upside of 207.13% from the stock’s current price.

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

Ondas Stock Up 5.0 %

Shares of NASDAQ:ONDS opened at $0.81 on Monday. The company’s fifty day moving average is $1.10 and its two-hundred day moving average is $1.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.21 and a current ratio of 0.43. Ondas has a 1-year low of $0.54 and a 1-year high of $3.40. The stock has a market capitalization of $86.07 million, a price-to-earnings ratio of -1.13 and a beta of 1.87.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data on Wednesday, March 12th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Ondas had a negative return on equity of 183.49% and a negative net margin of 544.24%. The business had revenue of $4.13 million for the quarter, compared to analyst estimates of $5.75 million. Equities analysts anticipate that Ondas will post -0.53 EPS for the current year.

Institutional Trading of Ondas

Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in Ondas by 12.8% in the 3rd quarter. Geode Capital Management LLC now owns 622,595 shares of the company’s stock worth $480,000 after purchasing an additional 70,502 shares during the last quarter. Quantbot Technologies LP bought a new position in Ondas in the 4th quarter worth approximately $55,000. AMH Equity Ltd acquired a new stake in Ondas in the 4th quarter valued at approximately $952,000. Raymond James Financial Inc. bought a new stake in Ondas during the 4th quarter valued at $235,000. Finally, Koshinski Asset Management Inc. boosted its position 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 acquiring an additional 5,000 shares during the period. 37.73% of the stock is currently owned by institutional investors.

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.