DNB Asset Management AS grew its holdings in shares of Ondas Holdings Inc. (NASDAQ:ONDS – Free 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.
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:ONDS – Get 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.
More Ondas News
Here are the key news stories impacting Ondas this week:
- Positive Sentiment: Ondas announced a definitive agreement to acquire Israeli defense software company Omnisys for about $200 million, adding battle-tested battlefield orchestration and resource optimization software that could strengthen its move toward a higher-margin, software-defined defense platform. Ondas to Acquire Omnisys, Adding Battle-Proven Battlefield Orchestration Software Across Autonomous Defense Systems
- Positive Sentiment: Analysts and media coverage highlighted Ondas’ push into AI-powered battlefield software, framing the deal as a strategic expansion that could deepen its defense technology footprint and improve long-term growth prospects. Ondas Bets Big On AI Battlefield Software With Omnisys Buyout
- Positive Sentiment: Recent commentary pointed to very strong revenue growth, suggesting Ondas is scaling quickly relative to cash burn, which can support investor optimism around the company’s execution. How Ondas Is Growing Far Faster Than It Burns Cash
- Neutral Sentiment: Ondas also asked stockholders to vote ahead of its annual meeting to ensure a quorum, a routine governance item that is not likely to materially change the investment outlook. Ondas Inc. Stockholders: Vote Now to Ensure Quorum for Annual Meeting
- Negative Sentiment: Investors may also be reacting to the size of the Omnisys deal and Ondas’ broader acquisition spree this year, which could raise concerns about integration risk, financing, and dilution from stock-based acquisitions. Ondas’ Expansion Dreams Gets It To Acquire This Israel-Based Company – And It’s Willing To Pay $199M Of Its Stock
About Ondas
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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