NTV Asset Management LLC Takes Position in Ondas Holdings Inc. $ONDS

NTV Asset Management LLC acquired a new stake in shares of Ondas Holdings Inc. (NASDAQ:ONDS) in the 2nd quarter, HoldingsChannel reports. The firm acquired 75,000 shares of the company’s stock, valued at approximately $144,000.

Several other institutional investors have also added to or reduced their stakes in the company. Two Sigma Investments LP acquired a new position in Ondas during the fourth quarter valued at approximately $31,000. Millennium Management LLC raised its position in Ondas by 150.0% during the fourth quarter. Millennium Management LLC now owns 28,366 shares of the company’s stock valued at $73,000 after purchasing an additional 17,021 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Ondas during the fourth quarter valued at approximately $48,000. Trivium Point Advisory LLC acquired a new position in Ondas during the second quarter valued at approximately $38,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in Ondas during the second quarter valued at approximately $41,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Ondas Trading Up 7.6%

Shares of ONDS opened at $9.91 on Friday. The stock has a market capitalization of $3.18 billion, a P/E ratio of -19.06 and a beta of 2.46. The firm’s fifty day simple moving average is $5.20 and its two-hundred day simple moving average is $2.65. Ondas Holdings Inc. has a 12 month low of $0.57 and a 12 month high of $10.28.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. The business had revenue of $6.27 million for the quarter, compared to analysts’ expectations of $4.97 million. Ondas had a negative net margin of 300.11% and a negative return on equity of 130.48%. As a group, research analysts predict that Ondas Holdings Inc. will post -0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Needham & Company LLC assumed coverage on shares of Ondas in a research report on Tuesday, August 19th. They set a “buy” rating and a $5.00 price objective for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Ondas in a research report on Saturday, September 27th. Lake Street Capital boosted their price objective on shares of Ondas from $5.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Wall Street Zen raised shares of Ondas from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.67.

About Ondas

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.