Ondas (NASDAQ:ONDS) Price Target Raised to $17.00

Ondas (NASDAQ:ONDSFree Report) had its target price boosted by Needham & Company LLC from $12.00 to $17.00 in a report released on Tuesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other research firms also recently weighed in on ONDS. Oppenheimer raised Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a research report on Friday, November 14th. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a report on Thursday, December 18th. Zacks Research downgraded shares of Ondas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. HC Wainwright raised 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. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.29.

Check Out Our Latest Stock Analysis on Ondas

Ondas Stock Up 0.6%

Shares of NASDAQ ONDS opened at $12.62 on Tuesday. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of -31.55 and a beta of 2.40. Ondas has a 52-week low of $0.57 and a 52-week high of $15.28. The business’s 50 day moving average is $9.70 and its two-hundred day moving average is $6.94.

Ondas (NASDAQ:ONDSGet Free Report) last released its quarterly 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). The firm had revenue of $10.10 million for 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%. Analysts anticipate that Ondas will post -0.53 EPS for the current fiscal year.

Insider Activity at Ondas

In other news, CFO Neil J. Laird sold 4,526 shares of the business’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 $42,906.48. Following the completion of the sale, the chief financial officer owned 8,224 shares in the company, valued at approximately $77,963.52. The trade was a 35.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric A. Brock sold 475,000 shares of Ondas stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the sale, the chief executive officer owned 1,461,255 shares in the company, valued at $14,188,786.05. This represents a 24.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,406,605 shares of company stock valued at $12,109,365 in the last quarter. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc boosted its position in shares of Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after purchasing an additional 2,892 shares during the period. RiverGlades Family Offices LLC boosted its holdings in shares of Ondas by 54.0% in the third quarter. RiverGlades Family Offices LLC now owns 15,400 shares of the company’s stock valued at $119,000 after acquiring an additional 5,400 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Ondas by 3.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 196,253 shares of the company’s stock worth $1,915,000 after acquiring an additional 6,302 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Ondas by 82.0% in the 4th quarter. SG Americas Securities LLC now owns 18,395 shares of the company’s stock valued at $180,000 after acquiring an additional 8,290 shares during the period. Finally, Wexford Capital LP acquired a new position in shares of Ondas in the 3rd quarter valued at $67,000. 37.73% of the stock is owned by hedge funds and other institutional investors.

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About Ondas

(Get Free Report)

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.

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