Foundations Investment Advisors LLC Decreases Holdings in Ondas Holdings Inc. $ONDS

Foundations Investment Advisors LLC lessened its position in shares of Ondas Holdings Inc. (NASDAQ:ONDS) by 69.8% during the second quarter, Holdings Channel reports. The institutional investor owned 17,500 shares of the company’s stock after selling 40,500 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Ondas were worth $34,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of ONDS. Caitong International Asset Management Co. Ltd lifted its position in shares of Ondas by 83,399,800.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 833,999 shares of the company’s stock worth $1,601,000 after acquiring an additional 833,998 shares in the last quarter. Huntleigh Advisors Inc. bought a new position in shares of Ondas during the 2nd quarter valued at $1,489,000. Geode Capital Management LLC raised its position in Ondas by 57.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock worth $2,583,000 after purchasing an additional 490,239 shares during the period. Goldman Sachs Group Inc. lifted its stake in Ondas by 444.4% in the first quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock worth $120,000 after purchasing an additional 91,732 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Ondas during the second quarter valued at about $151,000. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Needham & Company LLC raised their price target on Ondas from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. 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 research report on Friday, November 14th. Zacks Research downgraded shares of Ondas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Lake Street Capital increased their target price on shares of Ondas from $5.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.20.

Ondas Stock Performance

Shares of ONDS opened at $6.74 on Friday. Ondas Holdings Inc. has a fifty-two week low of $0.57 and a fifty-two week high of $11.70. The firm’s 50-day simple moving average is $7.52 and its two-hundred day simple moving average is $4.27. The stock has a market cap of $2.48 billion, a PE ratio of -16.85 and a beta of 2.43.

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

Ondas 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.