Consolidated Investment Group LLC Acquires 189,000 Shares of Ondas Holdings Inc. $ONDS

Consolidated Investment Group LLC acquired a new stake in Ondas Holdings Inc. (NASDAQ:ONDS) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 189,000 shares of the company’s stock, valued at approximately $1,385,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NFSG Corp lifted its holdings in Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after buying an additional 2,000 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of Ondas during the first quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its stake in shares of Ondas by 5,373.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after acquiring an additional 3,063 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its stake in shares of Ondas by 7,185.7% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 3,570 shares of the company’s stock valued at $26,000 after acquiring an additional 3,521 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Ondas during the third quarter valued at about $26,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ONDS. Roth Capital reissued a “buy” rating on shares of Ondas in a report on Tuesday, August 18th. The Goldman Sachs Group upgraded Ondas to a “buy” rating in a research note on Monday, November 2nd. LADENBURG THALM/SH SH lifted their price objective on Ondas from $21.50 to $22.75 and gave the stock a “buy” rating in a report on Monday, August 17th. Wall Street Zen lowered Ondas from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Finally, Citigroup reiterated a “market outperform” rating on shares of Ondas in a research note on Monday, October 19th. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ondas presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.89.

Ondas Stock Performance

Ondas stock opened at $5.97 on Tuesday. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of -85.29 and a beta of 3.10. Ondas Holdings Inc. has a 1 year low of $4.38 and a 1 year high of $15.28. The firm’s 50 day moving average price is $6.83 and its two-hundred day moving average price is $8.84.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). The company had revenue of $83.77 million for the quarter, compared to analyst estimates of $67.97 million. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. As a group, equities analysts predict that Ondas Holdings Inc. will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Neil J. Laird sold 4,952 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $7.74, for a total transaction of $38,328.48. Following the sale, the chief financial officer owned 42,246 shares in the company, valued at $326,984.04. The trade was a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $8.96, for a total transaction of $67,200.00. Following the completion of the sale, the director owned 261,836 shares of the company’s stock, valued at approximately $2,346,050.56. This trade represents a 2.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.67% of the stock is owned by insiders.

Ondas Company Profile

Ondas Holdings is a technology company that develops private wireless networks and autonomous systems for industrial, government and security applications. Its businesses include Ondas Networks and Ondas Autonomous Systems.

Ondas Networks provides private broadband wireless solutions for mission-critical communications. Its FullMAX platform is designed to support applications such as rail communications and industrial data networks.

Ondas Autonomous Systems develops autonomous drone and counter-drone technologies, including systems for infrastructure inspection, security and public safety.