Ondas (NASDAQ:ONDS) Trading Up 6.3% – Still a Buy?

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price shot up 6.3% during mid-day trading on Tuesday . The company traded as high as $9.30 and last traded at $8.99. 56,698,344 shares changed hands during mid-day trading, an increase of 57% from the average session volume of 36,016,383 shares. The stock had previously closed at $8.46.

Analysts Set New Price Targets

Several research firms recently issued reports on ONDS. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a report on Monday. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research report on Thursday, December 18th. HC Wainwright began coverage on shares of Ondas in a research report on Monday, October 6th. They set a “buy” rating and a $12.00 price target on the stock. Oppenheimer raised Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a report on Friday, November 14th. Finally, Loop Capital set a $10.00 price target on shares of Ondas in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.50.

Ondas Stock Performance

The stock has a market capitalization of $3.37 billion, a P/E ratio of -22.48 and a beta of 2.42. The stock’s fifty day simple moving average is $7.58 and its two-hundred day simple moving average is $5.67.

Ondas (NASDAQ:ONDS) last announced its earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share (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 the consensus estimate of $7.04 million. As a group, analysts expect that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ondas news, Director Jaspreet K. Sood sold 29,698 shares of the business’s stock in a transaction 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 in the company, valued at approximately $1,664,981.88. The trade was a 14.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Neil J. Laird sold 4,526 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $42,906.48. Following the sale, the chief financial officer directly owned 8,224 shares of the company’s stock, valued at approximately $77,963.52. The trade was a 35.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 931,605 shares of company stock worth $7,497,115 over the last three months. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Ondas by 109.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after acquiring an additional 7,024,549 shares in the last quarter. Hood River Capital Management LLC bought a new stake in shares of Ondas in the second quarter valued at $14,479,000. AWM Investment Company Inc. purchased a new position in shares of Ondas during the 2nd quarter valued at $11,123,000. Cresset Asset Management LLC lifted its holdings in Ondas by 263.5% during the second quarter. Cresset Asset Management LLC now owns 4,667,874 shares of the company’s stock valued at $8,962,000 after purchasing an additional 3,383,629 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in shares of Ondas by 1,325.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after buying an additional 4,247,859 shares in the last quarter. Institutional investors own 37.73% of the company’s stock.

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.