Ondas (NASDAQ:ONDS) Trading Down 2.8% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS) was down 2.8% on Thursday . The company traded as low as $8.70 and last traded at $8.97. Approximately 59,086,458 shares were traded during trading, a decline of 43% from the average daily volume of 103,798,086 shares. The stock had previously closed at $9.23.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ONDS. Northland Securities set a $16.00 price target on shares of Ondas in a research note on Tuesday, January 20th. Lake Street Capital lifted their target price on shares of Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Zacks Research cut Ondas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research report on Thursday, December 18th. Finally, Needham & Company LLC boosted their price objective on Ondas from $12.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.29.

Ondas Stock Down 2.8%

The firm has a market cap of $3.79 billion, a PE ratio of -22.43 and a beta of 2.46. The business has a 50-day moving average price of $10.51 and a two-hundred day moving average price of $7.80.

Ondas (NASDAQ:ONDS) last released its earnings results on Thursday, November 13th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%.The company had revenue of $10.10 million for the quarter, compared to analyst estimates of $7.04 million. On average, equities research analysts predict that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Insider Transactions at Ondas

In other Ondas news, Director Randy Seidl sold 21,520 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $204,009.60. Following the sale, the director directly owned 212,470 shares in the company, valued at $2,014,215.60. This trade represents a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard M. Cohen sold 25,861 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $245,162.28. Following the transaction, the director directly owned 197,746 shares of the company’s stock, valued at approximately $1,874,632.08. This represents a 11.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,406,605 shares of company stock valued at $12,109,365 over the last quarter. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Ondas by 39.9% during the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after purchasing an additional 5,351,725 shares in the last quarter. Hood River Capital Management LLC purchased a new position in shares of Ondas in the 2nd quarter valued at $14,479,000. AWM Investment Company Inc. purchased a new position in shares of Ondas in the 2nd quarter valued at $11,123,000. Cresset Asset Management LLC raised its stake in Ondas by 263.5% during the 2nd quarter. Cresset Asset Management LLC now owns 4,667,874 shares of the company’s stock worth $8,962,000 after acquiring an additional 3,383,629 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in Ondas by 1,325.9% in the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after acquiring an additional 4,247,859 shares during the last quarter. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

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.