SLT Holdings LLC Has $34,000 Stock Holdings in Ondas Holdings Inc. $ONDS

SLT Holdings LLC cut its holdings in Ondas Holdings Inc. (NASDAQ:ONDS) by 69.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 17,500 shares of the company’s stock after selling 40,500 shares during the quarter. SLT Holdings LLC’s holdings in Ondas were worth $34,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. NTV Asset Management LLC acquired a new stake in shares of Ondas in the second quarter valued at $144,000. Trivium Point Advisory LLC acquired a new stake in shares of Ondas in the second quarter valued at $38,000. TTP Investments Inc. acquired a new stake in Ondas in the second quarter worth about $48,000. Wealth Enhancement Advisory Services LLC bought a new stake in Ondas during the 2nd quarter worth about $151,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in Ondas during the 2nd quarter worth about $41,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ONDS shares. Lake Street Capital raised their target price on shares of Ondas from $5.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Wall Street Zen upgraded shares of Ondas from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Weiss Ratings restated a “sell (e+)” rating on shares of Ondas in a report on Wednesday. HC Wainwright assumed coverage on shares of Ondas in a report on Monday. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Needham & Company LLC began coverage on shares of Ondas in a report on Tuesday, August 19th. They issued a “buy” rating and a $5.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.25.

Ondas Trading Down 12.1%

Ondas stock opened at $9.22 on Friday. The company has a market cap of $3.04 billion, a P/E ratio of -17.73 and a beta of 2.46. Ondas Holdings Inc. has a 1-year low of $0.57 and a 1-year high of $11.70. The company has a fifty day simple moving average of $6.05 and a 200 day simple moving average of $2.97.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. Ondas had a negative net margin of 300.11% and a negative return on equity of 130.48%. The company had revenue of $6.27 million during the quarter, compared to the consensus estimate of $4.97 million. On average, equities research analysts forecast that Ondas Holdings Inc. will post -0.53 EPS for the current year.

Ondas Company 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.