Ondas (NASDAQ:ONDS) Price Target Raised to $4.00 at Northland Securities

Ondas (NASDAQ:ONDS) had its target price boosted by Northland Securities from $1.50 to $4.00 in a research report report published on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Ondas Trading Up 7.7 %

Shares of ONDS opened at $2.79 on Monday. The company’s fifty day simple moving average is $1.04 and its 200-day simple moving average is $0.89. The company has a market cap of $215.65 million, a P/E ratio of -3.87 and a beta of 2.55. The company has a current ratio of 0.43, a quick ratio of 0.21 and a debt-to-equity ratio of 0.02. Ondas has a twelve month low of $0.54 and a twelve month high of $3.14.

Ondas (NASDAQ:ONDS) last announced its earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.01). Ondas had a negative net margin of 544.24% and a negative return on equity of 183.49%. The business had revenue of $1.48 million for the quarter, compared to analysts’ expectations of $1.32 million. During the same quarter last year, the firm earned ($0.15) EPS. As a group, analysts expect that Ondas will post -0.53 EPS for the current year.

Insider Transactions at Ondas

In other news, Director Randy Seidl sold 21,359 shares of Ondas stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $1.29, for a total transaction of $27,553.11. Following the completion of the sale, the director now owns 124,513 shares of the company’s stock, valued at approximately $160,621.77. The trade was a 14.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 13.90% of the company’s stock.

Institutional Investors Weigh In On Ondas

Institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Effects LLC increased its stake in shares of Ondas by 7.7% during the third quarter. Wealth Effects LLC now owns 168,500 shares of the company’s stock valued at $130,000 after buying an additional 12,000 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in Ondas by 17.2% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 300,000 shares of the company’s stock worth $174,000 after acquiring an additional 44,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Ondas by 12.8% in the 3rd quarter. Geode Capital Management LLC now owns 622,595 shares of the company’s stock valued at $480,000 after purchasing an additional 70,502 shares in the last quarter. 37.73% of the stock is 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.