SBI Securities Co. Ltd. Acquires 9,904 Shares of Ondas Holdings Inc. $ONDS

SBI Securities Co. Ltd. boosted its holdings in Ondas Holdings Inc. (NASDAQ:ONDS) by 154.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,299 shares of the company’s stock after buying an additional 9,904 shares during the period. SBI Securities Co. Ltd.’s holdings in Ondas were worth $31,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Diamond Hill Capital Management Inc. raised its stake in shares of Ondas by 5.1% in the first quarter. Diamond Hill Capital Management Inc. now owns 645,510 shares of the company’s stock valued at $691,000 after purchasing an additional 31,219 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in Ondas during the first quarter worth $62,000. SLT Holdings LLC bought a new stake in Ondas in the 1st quarter valued at $62,000. XTX Topco Ltd bought a new position in shares of Ondas during the 1st quarter worth about $32,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Ondas during the 1st quarter valued at about $34,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ONDS has been the subject of several analyst reports. Needham & Company LLC raised their target price on Ondas from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Ondas from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Oppenheimer raised shares of Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a report on Friday, November 14th. Finally, Lake Street Capital increased their price target on Ondas from $5.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.20.

Ondas Stock Performance

Shares of NASDAQ ONDS opened at $7.84 on Wednesday. Ondas Holdings Inc. has a 52-week low of $0.57 and a 52-week high of $11.70. The stock has a market cap of $2.89 billion, a P/E ratio of -19.60 and a beta of 2.43. The firm has a 50 day moving average price of $7.48 and a 200 day moving average price of $4.19.

Ondas (NASDAQ:ONDS) last posted its earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. The business had revenue of $10.10 million during the quarter, compared to analyst estimates of $7.04 million. Ondas has set its FY 2025 guidance at EPS. Analysts predict that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

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.