Quantbot Technologies LP Buys Shares of 21,652 Ondas Holdings Inc. (NASDAQ:ONDS)

Quantbot Technologies LP bought a new position in Ondas Holdings Inc. (NASDAQ:ONDS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,652 shares of the company’s stock, valued at approximately $55,000.

Other hedge funds also recently made changes to their positions in the company. AMH Equity Ltd acquired a new position in Ondas during the 4th quarter worth approximately $952,000. Diamond Hill Capital Management Inc. grew its stake in shares of Ondas by 50.8% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 614,291 shares of the company’s stock worth $1,573,000 after buying an additional 206,891 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Ondas during the fourth quarter worth $235,000. Geode Capital Management LLC lifted its stake 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 acquiring an additional 70,502 shares during the last quarter. Finally, Wealth Effects LLC lifted its stake in shares of 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 acquiring an additional 39,400 shares during the last quarter. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Ondas Stock Performance

Ondas stock opened at $1.10 on Wednesday. The business has a 50 day moving average of $1.30 and a 200-day moving average of $1.25. The company has a market capitalization of $116.30 million, a P/E ratio of -1.53 and a beta of 2.00. Ondas Holdings Inc. has a 1 year low of $0.54 and a 1 year 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.

Ondas (NASDAQ:ONDS) last posted its earnings results on Wednesday, March 12th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The business had revenue of $4.13 million for the quarter, compared to the consensus estimate of $5.75 million. Ondas had a negative return on equity of 183.49% and a negative net margin of 544.24%. On average, equities research 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.