DNB Asset Management AS Raises Position in Ondas Holdings Inc. $ONDS

DNB Asset Management AS grew its holdings in shares of Ondas Holdings Inc. (NASDAQ:ONDSFree Report) by 104.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 674,498 shares of the company’s stock after purchasing an additional 344,544 shares during the quarter. DNB Asset Management AS’s holdings in Ondas were worth $6,583,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Triton Wealth Management PLLC purchased a new position in shares of Ondas during the 4th quarter worth $102,000. Allworth Financial LP lifted its stake in shares of Ondas by 1,691.3% during the 4th quarter. Allworth Financial LP now owns 27,855 shares of the company’s stock worth $272,000 after purchasing an additional 26,300 shares during the period. Ground Swell Capital LLC purchased a new position in shares of Ondas during the 4th quarter worth $396,000. Meridian Wealth Management LLC purchased a new position in shares of Ondas during the 4th quarter worth $104,000. Finally, Swiss Life Asset Management Ltd purchased a new position in shares of Ondas during the 4th quarter worth $158,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Wall Street Analysts Forecast Growth

ONDS has been the subject of a number of research analyst reports. Needham & Company LLC upped their price objective on Ondas from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Oppenheimer upped their price objective on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Lake Street Capital upped their price objective on Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Stifel Nicolaus upped their price objective on Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded Ondas from a “sell” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.25.

Read Our Latest Report on ONDS

Ondas Trading Down 8.7%

ONDS stock opened at $9.70 on Tuesday. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 242.50 and a beta of 2.56. The company has a quick ratio of 4.68, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $9.89 and a 200-day simple moving average of $9.60. Ondas Holdings Inc. has a 52 week low of $0.83 and a 52 week high of $15.28.

Ondas (NASDAQ:ONDSGet Free Report) last released its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a negative return on equity of 21.85% and a net margin of 247.85%.The firm had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. On average, equities research analysts expect that Ondas Holdings Inc. will post -0.28 EPS for the current year.

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About Ondas

(Free Report)

Ondas Holdings, Inc (NASDAQ: ONDS) develops secure private wireless networking solutions and unmanned aircraft systems tailored to mission-critical industrial applications. Its Ondas Networks division offers the proprietary FullMAX platform, a long-range, high-bandwidth broadband network designed to support real-time data transmission, remote monitoring and IoT deployments across rail, maritime and infrastructure environments. The broadband platform integrates edge-to-cloud architecture to ensure operational resilience and regulatory compliance for transportation and utility operators.

The company’s Ondas Autonomous Systems segment builds heavy-lift cargo drones and uncrewed aircraft platforms for logistics, pipeline and infrastructure inspection, emergency response and other government and commercial use cases.

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Institutional Ownership by Quarter for Ondas (NASDAQ:ONDS)

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