Ondas’ (ONDS) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Ondas (NASDAQ:ONDS) in a research note issued to investors on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a $17.00 price objective on the stock.

Several other analysts also recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Oppenheimer boosted their target price on shares of Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a research note on Monday, December 29th. Finally, Northland Securities set a $16.00 price objective on shares of Ondas in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.25.

Ondas Stock Performance

Shares of NASDAQ:ONDS opened at $10.33 on Tuesday. The business’s 50-day simple moving average is $11.08 and its 200 day simple moving average is $8.78. The company has a market cap of $4.37 billion, a P/E ratio of -25.83 and a beta of 2.47. Ondas has a one year low of $0.65 and a one year high of $15.28.

Insider Activity at Ondas

In other news, Director Jaspreet K. Sood sold 29,698 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $281,537.04. Following the completion of the sale, the director owned 175,631 shares of the company’s stock, valued at approximately $1,664,981.88. This trade represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Neil J. Laird sold 4,526 shares of Ondas stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $42,906.48. Following the completion of the sale, the chief financial officer owned 8,224 shares of the company’s stock, valued at approximately $77,963.52. This trade represents a 35.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 556,605 shares of company stock worth $5,385,865 over the last ninety days. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. increased its position in shares of Ondas by 154.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock worth $31,000 after purchasing an additional 9,904 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after purchasing an additional 2,892 shares during the last quarter. Avion Wealth lifted its position in shares of Ondas by 100.0% during the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after purchasing an additional 2,000 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its stake in Ondas by 228.6% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock worth $43,000 after purchasing an additional 3,063 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in Ondas by 1,005.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,398 shares of the company’s stock worth $43,000 after purchasing an additional 4,000 shares in the last quarter. 37.73% of the stock is currently owned by institutional investors.

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.