91,904 Shares in Ondas Holdings Inc. (NASDAQ:ONDS) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Ondas Holdings Inc. (NASDAQ:ONDS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 91,904 shares of the company’s stock, valued at approximately $235,000.

A number of other hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of Ondas by 12.8% during 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. AMH Equity Ltd purchased a new position in Ondas during the fourth quarter worth approximately $952,000. Koshinski Asset Management Inc. lifted its position in Ondas by 15.2% during the fourth quarter. Koshinski Asset Management Inc. now owns 37,940 shares of the company’s stock worth $97,000 after buying an additional 5,000 shares in the last quarter. Penbrook Management LLC acquired a new position in Ondas during the fourth quarter worth $28,000. Finally, Wealth Effects LLC grew its holdings in Ondas by 23.4% in the 4th quarter. Wealth Effects LLC now owns 207,900 shares of the company’s stock valued at $532,000 after buying an additional 39,400 shares in the last quarter. Institutional investors and hedge funds own 37.73% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Northland Securities lifted 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 Price Performance

Shares of ONDS stock opened at $0.81 on Friday. The firm’s 50-day moving average is $1.10 and its two-hundred day moving average is $1.25. Ondas Holdings Inc. has a 12 month low of $0.54 and a 12 month high of $3.40. 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 market capitalization of $86.07 million, a PE ratio of -1.13 and a beta of 1.87.

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

Ondas 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.