Analysts Set Ondas Holdings Inc. (NASDAQ:ONDS) PT at $17.29

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) have received an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $17.2857.

Several brokerages recently weighed in on ONDS. Needham & Company LLC lifted their price objective on Ondas from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Stifel Nicolaus increased their target price on shares of Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. HC Wainwright boosted their price target on shares of Ondas from $12.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a research note on Thursday, December 18th. Finally, Loop Capital set a $10.00 price objective on shares of Ondas in a research note on Wednesday, November 26th.

Insider Buying and Selling

In related news, Director Ron Stern sold 850,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $7.91, for a total transaction of $6,723,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric A. Brock sold 475,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total value of $4,612,250.00. Following the completion of the transaction, the chief executive officer owned 1,461,255 shares of the company’s stock, valued at approximately $14,188,786.05. This represents a 24.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,406,605 shares of company stock valued at $12,109,365 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in Ondas by 444.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock valued at $120,000 after purchasing an additional 91,732 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Ondas in the second quarter worth $151,000. Penbrook Management LLC purchased a new stake in shares of Ondas in the second quarter worth $35,000. Wealthspan Partners LLC boosted its stake in Ondas by 168.7% during the second quarter. Wealthspan Partners LLC now owns 54,000 shares of the company’s stock valued at $104,000 after buying an additional 33,900 shares during the period. Finally, Huntleigh Advisors Inc. purchased a new position in Ondas during the second quarter worth about $1,489,000. Institutional investors own 37.73% of the company’s stock.

Ondas Stock Performance

Shares of ONDS stock opened at $9.68 on Friday. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of -24.20 and a beta of 2.46. Ondas has a 52 week low of $0.57 and a 52 week high of $15.28. The firm’s 50-day simple moving average is $10.50 and its two-hundred day simple moving average is $7.79.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $7.04 million. Analysts forecast that Ondas will post -0.53 earnings per share for the current year.

Ondas Company Profile

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.