Ondas Holdings Inc. $ONDS Shares Purchased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. lifted its stake in Ondas Holdings Inc. (NASDAQ:ONDS) by 154.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,299 shares of the company’s stock after acquiring an additional 9,904 shares during the period. SBI Securities Co. Ltd.’s holdings in Ondas were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Penbrook Management LLC bought a new stake in Ondas during the second quarter worth approximately $35,000. Exencial Wealth Advisors LLC acquired a new position in shares of Ondas during the 2nd quarter valued at $36,000. Trivium Point Advisory LLC bought a new stake in shares of Ondas in the 2nd quarter worth $38,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Ondas in the 2nd quarter worth $41,000. Finally, TTP Investments Inc. acquired a new stake in shares of Ondas in the second quarter valued at $48,000. 37.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ONDS has been the subject of a number of research analyst reports. HC Wainwright assumed coverage on shares of Ondas in a report on Monday, October 6th. They issued a “buy” rating and a $12.00 price target for the company. Needham & Company LLC increased their target price on shares of Ondas from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Lake Street Capital lifted their price target on shares of Ondas from $5.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Zacks Research raised Ondas from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Finally, Oppenheimer raised Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ondas presently has a consensus rating of “Moderate Buy” and an average price target of $9.20.

Ondas Stock Performance

NASDAQ ONDS opened at $7.84 on Wednesday. The firm’s 50 day moving average price is $7.48 and its two-hundred day moving average price is $4.19. Ondas Holdings Inc. has a twelve month low of $0.57 and a twelve month high of $11.70. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of -19.60 and a beta of 2.43.

Ondas (NASDAQ:ONDS) last released its earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. The business had revenue of $10.10 million for the quarter, compared to analysts’ expectations of $7.04 million. Ondas has set its FY 2025 guidance at EPS. On average, research analysts forecast 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.